Houses for Sale in Centre Wellington, ON

Centre Wellington's most popular neighbourhoods are Fergus, Elora-Salem and Belwood. Strata.ca looks at a number of indicators to rank the communities most in-demand. Some of these factors include the average sale price, how much time a property typically spends on market, and the number of homes that have sold over asking.

It's hardly surprising that Belwood are Centre Wellington's most expensive neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. Buying in Centre Wellington's priciest neighbourhoods may not be ideal if you're seeking good value. Elora-Salem could be much better options.

The most affordable neighbourhoods in Centre Wellington are Fergus. Strata.ca determines this by looking at the average sold price for the past year. Overall, houses in Centre Wellington are selling for an average of $1,060,497.

One of the carrying costs associated with homeownership in Centre Wellington is your property tax. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. 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 Centre Wellington 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 features all listings in Centre Wellington, updated multiple times daily - you won't ever miss a property when using this platform. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

Centre Wellington has a walk score of 39, meaning it's much easier to get around the city with a car than by foot. For cyclists, the neighbourhood offers a bike score of 38, meaning there is limited bike infrastructure.

When purchasing a house in Centre Wellington, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before making an offer. At Strata, we advise our buyer clients to get a good estimate of closing costs early on. These costs can range anywhere from 1.5% - 2% of the overall purchase price. So consider a purchase price of $500,000 - 2% on that is $10,000 which should be accounted for upfront. In Canada, all buyers are required to pay a land transfer tax when closing on a property. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And finally, when buying a home in Centre Wellington, you'll need a real estate lawyer to close the deal. Real estate lawyers have varying rates, but many agents will recommend you budget about $2,000 to cover their fees.