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Start looking for recreational real estate properties by scanning classified advertisements, Internet websites, and local real estate magazines. Multiple Listing Service (MLS), put out by the Canadian Real Estate Association, contains in-depth details of properties and is a valuable resource. An MLS feature sheet can contain information such as —

• price;

• total area;

• previous year’s taxes;

• monthly charges pertaining to strata title ownership;

• distance to schools;

• distance to transportation services;

• parking facilities (e.g., garage, multiple car park);

• outdoor areas such as a large lot, balcony, patio, and/or sundeck;

• geographical features, and views from the property;

• nearby recreation centres and/or fitness centres;

• central location;

• type and number of fireplaces;

• swimming pool, hot tub, and/or sauna; and

• library and/or games room.

The MLS feature sheet is a very important document because potential buyers rely on the accuracy of the information. The information is included in a computerized data system to which the real estate board in your area contributes. The list can be obtained from the local board, from your realtor, or by browsing www.mls.ca or www.realtylink.org.

Note that the MLS does not include “For Sale by Owner” (FSBO) properties on its website. Only properties listed by an agent are included. (See the section Homes for Sale by Owner later on in this chapter, as well as Chapter 16, for more information on FSBOs.)