The Jennifer Queen Team has already helped many people buy and sell homes on water within Winnipeg over the years. If you are also interested in Waterfront Property for Sale Winnipeg you can be sure these realtors will have your needs covered.
Riverfront Living
It goes without saying that living on the Red River in Winnipeg is very different from living on a lakefront or man-made lake waterfront home within Winnipeg. Very often the river brings damages as it is constantly moving. So that is why maintenance of the riverbank is critical to not losing your yard over time. The Red River flows north, and depending on the curvature and current coming toward your property, the impact might be minimal.
If you really want a Waterfront home you can be sure to enjoy a number of benefits. The expert realtors will find you the moist suitable Waterfront Property for Sale Winnipeg and you will end up buying the one that meets your taste and budget.
- You can build an ice-skating rink right on the water surface in winter. This is, however, not possible on parts of the river due to the quick flow and thin ice.
- Putting a kayak into these bodies of water also isn’t nearly as scary. The water movement is much more controlled so even those less experienced kayakers can paddle in piece.
- Less overall maintenance. A Lakefront property in Winnipeg on a manmade lake does not require anywhere near the riverbank stabilization that a home built on the river will need. With basic, annual maintenance, you should be able to enjoy your shoreline for a long time.
- Less building restrictions – if you aren’t on one of the aforementioned rivers, you have one less layer of permitting that you will have to go through too!
There is so much to know about Lakefront properties. If ever you are looking for help in finding a lakefront or riverfront property in Winnipeg, please reach out.
What’s more, if you are also interested in First Time Home Buyers Manitoba, The Jennifer Queen Team can again help you. The new First Time Home Buyer’s Incentive (FTHBI) came into effect in September 2019. This is a great program designed to make things as simpler as possible for young people. It helps eligible Canadians buy their first home by lowering the monthly mortgage payments. The federal government agreed to a $1.25 billion CMHC First-Time Homebuyer Incentive over three years. It will provide 5% of the cost of an existing home up to a maximum of $500,000 and 10% of the price of a new home. While it sounds like the federal government is providing an interest-free loan, know that they also secure shared equity in your home as it goes through gains and losses. This means the amount paid back to the government will fluctuate according to how much your home increases or decreases in value.
However, to qualify for the new First Time Home Buyers Manitoba you need to take these things into account:
- Applicants must have a down payment of at least 5% and no more than 20%. (CMHC insurance must apply).
- Household income must be less than $120,000.
- The mortgage cannot be more than four times the homebuyers' household income.
Just reach out today and get more information from The Jennifer Queen.