Houses for Sale in Kitchener, ON

It's hardly surprising that Huron Park, Doon South and Larentian West are Kitchener's most popular neighbourhoods. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

The priciest neighbourhoods in Kitchener are Lower Doon, Pioneer Tower West and Hidden Valley. 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 - Pioneer Park, Stanley Park and Forest Heights also have great properties, but at much better value.

Every city has neighbourhoods where property values tend to be cheaper - and in Kitchener they are City Commercial Core, Northward and St. Marys Hospital. Strata.ca assesses historical data to determine the average sale price for every neighbourhood. Many properties in Kitchener's least expensive neighbourhoods are selling below the city's average of $877,318.

Homeownership in Kitchener comes with a number of expenses, one of them being property taxes. This tax helps fund many local services, such as snow removal, fire protection, and much more. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. Some Kitchener 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. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

The go-to website for your Kitchener real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. But why settle for basic property details when you could unlock Kitchener's real estate history! Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

With a walk score of 11, most Kitchener residents typically require a car to get around. And with a transit score of 35, this area offers a smaller network of public transportation. For cyclists, the neighbourhood offers a bike score of 30, meaning there is limited bike infrastructure.

When looking for a house in Kitchener, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. When searching for a house in Kitchener, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. 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 for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. Lastly, you'll need a Kitchener real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.