The Economics Of Thunder Bay Real Estate
The Economics Of Thunder Bay Real Estate

The Economics Of Thunder Bay Real Estate

If you are considering buying Thunder Bay real estate, you are certainly not alone. This area has rapidly increased in population over the past several years and is quickly becoming a sought after destination for young families as well as retiring professionals. Although this urban center may be filled with some of the finest shopping and entertainment opportunities in the city, there are also many hidden gems that will excite you no matter where you choose to invest. The following paragraphs will introduce you to some of the most popular areas in Thunder Bay, providing you with plenty of reasons to consider investing.

West Lake – With easy access to both the North and South forks of the Thunder River, West Lake presents an excellent area for residential and investment development. There is currently an abundance of condominiums, townhouses, and row homes that are currently available. There is also a growing trend of conversion of existing warehouses into lofts, retail stores, and other commercial properties, which makes this a particularly popular area for investment at this time.

Freshwater Shores – Though Freshwater Shores was once known mainly for being a major shipping harbor, the community has now blossomed into a highly desirable downtown residential community. With an abundance of green space, ample recreation areas, and beautiful views of the water, this is a great place for both long term investments and for casual visits. The closest municipal airport is located in Port Hope, so transportation links are not a problem. Freshwater Shores has recently begun a plan to renovate all of its parks and waterfront spaces, and is in the process of developing a new municipal library. This is another great investment opportunity that will continue to blossom in the years to come.

The Tillamook region – Though much smaller than Thunder Bay, Tillamook still offers some unique advantages to investors. The city is considered to be one of the northwest’s premier natural shopping destinations, offering a large variety of outdoor retail shops, specialty stores, and public forums that are ideal for browsing and purchasing. There are also some outstanding family-friendly recreation areas that are close by. In addition, Tillamook is home to a popular annual festivals that bring thousands of visitors to the small town. The proximity to Portland and other nearby cities makes this an excellent investment for anyone who wants to make a major purchase in the economy.

The North Sound Region – Situated on the Kitsap Peninsula, the North Sound region of Washington State is another great option for real estate investments. It is a beautiful location, which provides easy access to the Olympic Mountains, Olympic National Park, and other outdoor recreation opportunities. Fishing and hunting are popular pastimes in the area, as well as hiking and canoeing. The beaches are quite inviting, and the climate is temperate all year long. In fact, it is considered to be one of the best beach towns in the United States. The small town of Gig Harbor is only three miles from the Kitsap Peninsula, which makes it easily accessible by car or boat.

Sea World – While Sea World is no longer in operation, the theme park is a huge draw for those who live in or around the area. There is always plenty to do at this amusement park, including rides for the young and old. A number of shows are also offered during the summer months, including theatrical productions and fireworks shows. Many people visit Seattle when they go on vacation to see Sea World, and this is a prime investment opportunity.

Spokane’s Central Square – One of the most historic areas of the city, the Central Square is known for its large assortment of shops and boutiques. A number of restaurants line the square, as well, and the shopping includes a number of popular local businesses. One of the most notable local retailers is Jim’s City Market, which sells everything from fresh produce to antiques. This store is one of the original stores founded in Spokane in the early twentieth century. The market is open Friday evenings and Sunday morning.

Spokane Real Estate – As stated earlier, the city center is the anchor for the downtown area, which offers a variety of housing options. Units in this part of town are close to the shopping, dining and other attractions of the city center, but they are also a good distance from the beautiful lake and riverside. One thing to keep in mind is that these homes are often older and have more basic amenities than those in the main residential parts of the city. Still, if you are looking for real estate that offers exceptional value, homes in the downtown area might be an excellent choice. Spokane is quickly becoming one of the top cities in the United States for real estate, and many residents choose to relocate to this area.