Houses for Sale in King, ON

King's most popular neighbourhoods are Rural King, King City and Nobleton. 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 King are Rural King and King City. 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 cheaper options though - Nobleton also have great properties, but at much better value.

You may be surprised to discover that Schomberg and Pottageville are King's most affordable neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. Many properties in King's least expensive neighbourhoods are selling below the city's average of $1,959,318.

Aside from mortgage payments, owning a house in King will require that you pay an annual property tax. 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%. King 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.

Strata.ca updates multiple times each day, featuring all the available listings in King. In addition to listing details, imagine having the ability to search historical data for every property in King. And the best part - it's all presented in a user-friendly way, making it easy to find your dream home.

King has a walk score of 26, meaning it's much easier to get around the city with a car than by foot. The transit score, meanwhile, is 33, indicating that this city offers a notably smaller public transportation network. And the bike score is 37, meaning there is minimal bike infrastructure.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in King. 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. 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 you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. A real estate lawyer is necessary to finalize any purchase in King, so you'll want to include their fees in your closing costs. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.