I was looking at that boat as well. It truly does seem like very little out there is selling, and prices are starting to come back to reality again. An 07 196 near me that I posted about previously dropped from 29k CAD to 19k over the last 8 months (also high hours and no trailer, so might sit for a while yet). There are a few others that are dropping as well after sitting. Conversely there's a beautiful 09 196 that has been listed for nearly a year, started at 48cad, and they bumped it up to 56k recently 🤣 I'm not sure about that strategy
That PS ad does say it has a leak at a muffler connection - I wonder about the specifics of that and whether it requires a whole muffler or manifold or just a connector as I'm not familiar with how they connect. I'm not scared of higher hours myself, but I would definitely keep some cash lying around for the repairs @Mastercrafter mentioned above. The long block I wouldn't be concerned about if well maintained, but there are so many associated wear items. For reference, my 5.3l 2018 Silverado had over 4000hr operating time and 200k km. Essentially 0 issues with it. But peripherals were starting to show wear signs of upcoming replacement.
So if you were to put aside 10-15k for maintenance coming up, is there anything you could find with half the hours for 45-50k to be comparable? There are a few out there, a 50k 2018 I think on SIA and there's a 2014 for 65 CAD up here. 🤷🏻♂️ I don't know what to do either, lol