Houses for Sale in Belleville, ON

Belleville's most popular neighbourhoods are West Belleville, Belleville Northwest and North 401. We assess how much interest there is for a neighbourhood by looking at various statistics. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

The priciest neighbourhoods in Belleville are The Wharf and North 401. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. Buying in Belleville's priciest neighbourhoods may not be ideal if you're seeking good value. Downtown Belleville and West Belleville could be much better options.

Belleville's cheapest neighbourhoods are Belleville Northwest and Old East Hill. Strata.ca determines this by looking at the average sold price for the past year. Overall, houses in Belleville are selling for an average of $554,510.

Homeownership in Belleville comes with a number of expenses, one of them being property taxes. This tax helps pay for a variety of services, including garbage collection and snow removal. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. To determine how much property tax you'll pay, the city will multiply that tax rate by your home's current market value - which can fluctuate year-to-year depending on the value of neighbouring properties. This is why it's not necessarily correct when Belleville homeowners assume that the bigger their house, the more they'll pay. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.

Strata.ca is the premier real estate website because it displays every home available in Belleville and the listings are updated multiple times per day. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. This kind of intel can give you an edge in the local market.

Indicating a walk score of 54, residents here can access a number of amenities on foot, but will probably need a car to get around to some. And with a transit score of 36, this area offers a smaller network of public transportation. And the bike score comes in at 43.

All buyers must pay a series of closing costs when purchasing a house here. Your realtor and/or real estate agent can best advise on what these charges are. But here's a quick overview of what's involved when buying property in Belleville. Closing costs cannot be rolled into your mortgage. But rather, these are charges paid upfront on the day of closing. To be safe, budget about 2% of the purchase price. For instance, if you're buying a Belleville house for $800,000 - then at least $16,000 should be set aside. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. A real estate lawyer is necessary to finalize any purchase in Belleville, so you'll want to include their fees in your closing costs. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.