Townhouses for Sale in Innisfil, ON

The most popular neighbourhoods in Innisfil are Alcona, Gilford and Cookstown. 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.

The priciest neighbourhoods in Innisfil are Gilford and Big Bay Point. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. Buying in Innisfil's priciest neighbourhoods may not be ideal if you're seeking good value. Alcona and Cookstown could be much better options.

The most affordable neighbourhoods in Innisfil are Lefroy and Stroud. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Overall, houses in Innisfil are selling for an average of $944,025.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Innisfil. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. Innisfil homebuyers will often assume that the bigger the house, the more they'll pay. But this isn't necessarily true as the tax rate is multiplied by the home's current market value, which can change year-to-year based on recently sold properties. 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.

The go-to website for your Innisfil 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. This kind of intel can give you an edge in the local market.

Innisfil has a walk score of 19, meaning most errands and travel within the city will require a car. The transit score, meanwhile, is 25, indicating that this city offers a notably smaller public transportation network. And the bike score is 44, meaning there is minimal bike infrastructure.

When purchasing a house in Innisfil, 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. 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 Innisfil would require $12,000 to be set aside for closing day. 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. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. And lastly, buying Innisfil real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.