Laura has covered real estate in Toronto, New York City, Miami, and Los Angeles. Before coming to STOREYS as a staff writer, she worked as the Toronto Urbanized Editor for Daily Hive.
Canadian bodies of water typically can't be bought, but a for-sale section of Lake Ontario is proving that there's always an exception to every rule.Owning a slice of picturesque waterfront property along Lake Ontario would be a dream for most buyers. But how about owning the actual water itself?
Back in 1853 — 14 years before Canadian Confederation — Queen Victoria gave royal assent to an act incorporating Pickering Harbour Company, thereby giving the company the deed to Frenchman's Bay, which included ownership of the land underneath and out into Lake Ontario. Because of this, Pickering Harbour Company were given the right to charge for entrance into their waterway. Although the charter has received some challenges over the years, it remains in place to this day.
"If you looked at Friday Harbour, the development they have up there, you could probably build five times that size and still leave the water space for sports and recreational activities," Kelly said. "It's an opportunity for somebody to really have a look at it and say 'Okay, how do we make this an international tourist destination?'" Kelly said.
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