Townhouses for Sale in Cornwall, ON

Every city has its most in-demand neighbourhoods, and in Cornwall they are Eamers Corners and Centretown - Cornwall. 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.

Every city has its expensive neighbourhoods, and in Cornwall they are Eamers Corners. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you're looking for value, Cornwall's priciest neighbourhoods may not be ideal. Instead, check out Centretown - Cornwall for other alternatives.

Centretown - Cornwall are Cornwall's cheapest neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Overall, houses in Cornwall are selling for an average of $384,750.

Homeownership in Cornwall 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%. This tax is not necessarily dictated by the size of your house, which is what many Cornwall homeowners tend to believe. But rather, the city's tax rate is multiplied by the property's current market value - and that can fluctuate year-to-year based on recently sold 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.

The go-to website for your Cornwall real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. 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. And the best part - it's all presented in a user-friendly way, making it easy to find your dream home.

Cornwall has a decent walk score of 55, meaning some errands can be done on foot, but many will likely require a car. For cyclists, the neighbourhood offers a bike score of 44, meaning there is limited bike infrastructure.

When purchasing a house in Cornwall, 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. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And finally, when buying a home in Cornwall, 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.