Looking to buy a condo but can’t decide between waterfront or inland? Each choice comes with its own mix of costs, benefits, and lifestyle perks. While waterfront condos give you those amazing views and a resort feel, inland properties often offer more bang for your buck. Let’s break down the key differences to help you make the best choice.
Waterfront condos cost way more than inland units — often 25–35% higher for the same size. For example, a $500,000 inland condo might cost $650,000 or more on the water. You’ll need a bigger down payment and higher monthly mortgage payments. New waterfront projects like Lakeview Village show how premium waterfront living can push prices even higher. But remember, paying more upfront might mean better value growth over time.
Living by the water hits your wallet harder every month. Expect to pay:
Inland condos usually have lower monthly costs because they face fewer natural risks and need less special care.
Waterfront condo units shine when it comes to rental income. They often bring in:
But inland condos can still be great rentals, especially near city centers or transit. They often have more year-round renters and lower turnover rates.
Waterfront Condominiums historically show 8–12% annual value growth in strong markets, outpacing inland properties by 3–4%. However, they can drop 15–20% during market downturns, while inland units typically see only 5–10% decreases. Location quality trumps water views — inland condos near transit hubs and urban centers have shown consistent 6–8% yearly appreciation regardless of market conditions.The key is location — a well-placed inland condo near shops and transit might beat a waterfront unit in a less convenient spot. Think about future development plans, nearby amenities, and transport links when comparing potential value growth.