Rural Real Estate Market
Fresh air, open skies, large properties and minimal traffic are a few benefits of owning rural real estate in Ontario. Before commiting to a land purchase, the best approach to purchasing rural real estate is to stay informed and to set realistic budgets. Your ability to modify and manage acreage and farmland properties is affected by municipal and provincial laws.
Sutton Summit realtors are well versed in all municipal, provincial regulations, zoning, easements, water rights and more to ensure your vision for the property is fulfilled. We'll help you with provincial and federal regulations, bylaws, policies and laws that may also affect your property. The Rural real estate market is vast and reaps financial rewards. To help you with your journey, below are main rural property types Sutton Summit realtors specialize in.
Lifestyle / hobby farm
The growing appeal of lifestyle properties, especially to city residents, is having the ‘farming experience’ without dedicating as much time and resources to its operations. Lifestyle farms are generally between 5-10 acres and are established without the expectation of it providing the main source of income for the occupants. Many have small-scale agricultural operations, such as fruit and vegetable crops, as well as animals like cows, pigs, chickens and horses.
Weekender / retreat property
A weekender or retreat property, often called an “acreage”, is a place of relaxation and escape from your day-to-day life. Many investors use these regional properties to enjoy leisure pursuits in surrounding areas, such as fishing, hiking, riding or visiting wineries. Similar to a lifestyle property, they often include elements of farm life, like a veggie patch or a small number of livestock. If visits are irregular, organising upkeep and feeding may be necessary.
Working farm
A working farm is a well-established commercial operation purchased with the intention of it providing the main source of income. This might include large areas (100+ acres) for cropping and grazing, where plants and livestock are used in the production of grains, dairy, wool and meat products. Infrastructure such as silos, sheds, dams, water pumps and feeding stations are usually included in the sale price, whereas heavy machinery and equipment may not.
Self-sufficient property
Although this takes a large amount of planning and commitment, many investors with backgrounds in sustainability and farming practices are drawn to self-sufficient properties. A truly self-sufficient property will generate its own energy for electricity, hot water, heating / cooling and cooking. Food production also takes place on the land, with involvement in local farmers’ markets and co-ops providing any shortfalls in day-to-day needs.
If you're thinking about buying or seling commercial real estate contact us here or give our office a call at 905-897-9555.