Houses for Sale in Cobourg, ON

Cobourg's most popular neighbourhoods are Cobourg. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

The priciest neighbourhoods in Cobourg are none available. 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. If you can't afford a home in Cobourg's most expensive neighbourhoods - check out other areas which offer better value, including Cobourg.

The most affordable neighbourhoods in Cobourg are none available. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. For context, it's important to note that Cobourg's average house price is $762,117.

Homeownership in Cobourg 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. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Cobourg homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.

If you're seeking a new place to call home Cobourg, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. This platform offers something extra that many others don't. In addition to property specs, Strata.ca also provides extra data and rankings. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

Cobourg has a decent walk score of 54, meaning some errands can be done on foot, but many will likely require a car. With a transit score of 23, this city offers few public transportation options. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 44.

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 Cobourg. 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, 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. And finally, when buying a home in Cobourg, you'll need a real estate lawyer to close the deal. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.