Townhouses for Sale in Guelph/Eramosa, ON

Every city has its most in-demand neighbourhoods, and in Guelph/Eramosa they are Eden Mills and Rockwood. Strata.ca looks at a number of indicators to rank the communities most in-demand. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.

Rockwood are Guelph/Eramosa's most priciest neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you're looking for cheaper options though - Eden Mills also have great properties, but at much better value.

Every city has neighbourhoods where property values tend to be cheaper - and in Guelph/Eramosa they are Eden Mills. Strata.ca assesses historical data to determine the average sale price for every neighbourhood. For context, it's important to note that Guelph/Eramosa's average house price is $1,122,661.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Guelph/Eramosa. This tax helps fund many local services, such as snow removal, fire protection, and much more. 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 Guelph/Eramosa homeowners assume that the bigger their house, the more they'll pay. For instance, if your home's market value is $800,000 and the municipality's property tax rate is 0.5%, you'd pay $4,000 that year.

Strata.ca is the premier real estate website because it displays every home available in Guelph/Eramosa 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. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

Residents of Guelph/Eramosa usually need a car to get around, given the city's walk score of 17. And with a transit score of 28, this city offers few public transportation options. And the bike score is 39, meaning there is minimal bike infrastructure.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Guelph/Eramosa. These fees are standard in real estate, but can still catch you off guard if you're unprepared. 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. The land transfer tax will make up most of your closing costs. In Canada, all buyers are subject to the LTT imposed by the province. 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 Guelph/Eramosa, so you'll want to include their fees in your closing costs. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.