If you’ve ever visited Departure Bay, then you know how incredibly scenic and peaceful the community is. Located on a horseshoe-shaped bay on the eastern side of Vancouver Island just north of Nanaimo, the neighborhood boasts beautiful beaches, lovely parks, and plenty of luxury real estate.
There are a number of reasons more people are opting to invest in Departure Bay luxury homes instead of more run-of-the-mill properties. These are just a few reasons why a higher-end home in this charming waterfront neighborhood is a great investment.
Prime Locations in Departure Bay
Luxury real estate in Departure Bay tends to sit on prime plots of land with incredible views of the ocean and mountains. You can find many higher-end homes just steps from the beach, on the basalt bluffs to the north of town, and on wooded plots of land north of Sherwood Forest.
These locations are highly valued for a number of reasons. Great views will always be a selling point, as will proximity to the beach and Departure Bay’s beautiful parks. Properties that have mature trees can offer a great deal of privacy, which is ideal for those seeking a peaceful retreat.
Unique Features & Amenities
More often than not, luxury homes in Departure Bay are custom built with an array of exceptional features and amenities that you might not find in other homes. For example, you may find hot tubs, swimming pools, wood-burning or gas fireplaces, and wrap-around decks or balconies.
Properties with unique features will always stand out from other homes for sale in the Nanaimo real estate market. They often add value to a home, and provided you maintain them throughout the time you own the home, they can contribute to your home’s resale value.
Potential Vacation Rental Property
Departure Bay’s beautiful natural scenery and relaxed and friendly atmosphere makes it a popular spot for vacationers. Many people are looking for larger homes where they can stay with the whole family, and are willing to pay more for luxury vacation rentals.
You could use your luxury Departure Bay home as a vacation property for when you want your own waterfront escape, and then rent it out when you’re not staying there. The extra income can help cover your mortgage and maintenance costs.
Value Appreciation Over Time
Luxury properties tend to appreciate in value more than traditional single-family homes. This is because they are often located in upscale neighborhoods that are highly desirable. In addition, they are usually built with high-end materials and outfitted with cutting edge technology.
Of course you can never accurately predict what will happen in the real estate market in the future, there are a few reasons why Departure Bay real estate is likely to retain its value and even appreciate over time. These include its beautiful setting, close proximity to Nanaimo, and easy access to Vancouver.
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Posted by Carly Carey on
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