Houses for Sale in Cramahe, ON

It's hardly surprising that Colborne and Castleton are Cramahe's most popular neighbourhoods. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.

Cramahe's most priciest neighbourhoods are Castleton. 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. Not everyone can afford a home in Cramahe's priciest neighbourhoods. But Colborne offer incredible value at a much lower cost.

The most affordable neighbourhoods in Cramahe are Colborne. Strata.ca determines this by looking at the average sold price for the past year. It should be noted that the average house in Cramahe typically sells for $624,457.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Cramahe. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Cramahe residents assume they'll pay more in taxes, depending on the size of their home. However, that's not necessarily true as the city's tax rate is multiplied by the property's current market value - and that can change each year based on the sale of nearby homes. Let's say your property's market value is $700,000 and the municipal property tax rate is 0.5%. This means you'd owe $3,500 in property taxes that year.

The go-to website for your Cramahe 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. 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.

Cramahe has a decent walk score of 55, meaning some errands can be done on foot, but many will likely require a car. And the bike score is 44, meaning there is minimal bike infrastructure.

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 Cramahe. Buyers are not allowed to roll closing costs into their mortgage. So be prepared to budget anywhere up to 2% of the purchase price. For instance, 2% on a $600,000 house in Cramahe would require $12,000 to be set aside for closing day. 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. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. A real estate lawyer is necessary to finalize any purchase in Cramahe, 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.