What Waterfront Actually Costs, From Toronto
Muskoka waterfront peaked at a median of about $1.235 million in 2022; it has since eased to about $950,000 in 2026 (CV Real Estate / Jeffrey Braun, 2026). Average waterfront on the "Big Three" lakes — Muskoka, Rosseau and Joseph — still runs $2.2 million to $2.9 million, and entry-level waterfront under $500,000 has nearly vanished: 68 sales in all of 2025, against 428 in 2016.
Unit 105 at Le Rivage, 69 Cap Bimet Blvd, Grand-Barachois, New Brunswick, is asking $529,900 CAD, close to that vanished entry-level price point — except this is not a lake lot, it is direct oceanfront on the Northumberland Strait with unobstructed water views, at 1,687 square feet and $314 per square foot. Two bedrooms, two bathrooms, built in 2009, one of the largest layouts in the building. The kitchen is open with a seven-foot quartz island; the primary bedroom faces the water, and the second bedroom has private bath access. Residents share an in-ground heated pool, rooftop hot tubs, tennis and pickleball courts, a community garden, a fitness centre, and an owners' lounge and games room. It is a condo, so the building handles the exterior and grounds — none of the dock, roof or septic maintenance that comes with a Muskoka cottage.
Against the Toronto condo market: the median Toronto condo is about $582,000, about $761 per square foot (CondoGo/TRREB, 12-month trailing, August 2026). At $314 per square foot, this property is roughly 40 percent of that per-square-foot price — and it buys oceanfront, not a unit in the city.
A direct flight from Toronto (YYZ) to Greater Moncton Romeo LeBlanc International Airport (YQM) runs about 2 hours; driving is about 15 hours. The property is about a 30-minute drive from YQM and a short drive from Shediac. Under two hours in the air is, for many Toronto buyers, a shorter trip than the drive north to Muskoka on a summer Friday.
The Northumberland Strait has some of the warmest saltwater in Canada, and the Shediac area is known for its beaches and its lobster. There is a full winter here, and being a seasonal owner — using the property as a summer base rather than a year-round home — is an ordinary way to hold property in this area, not an exception.
This page is not the listing agent; the property is listed by Donald Robichaud, Royal LePage Atlantic. See the photos and current price, or get price changes and open houses by alert, at enaffaire.com/s/69-cap-bimet-unit-105.