Houses for Sale in Limerick, ON

The most popular neighbourhoods in Limerick are none available. Strata.ca looks at a number of indicators to rank the communities most in-demand. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

The priciest neighbourhoods in Limerick are none available. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Not everyone can afford a home in Limerick's priciest neighbourhoods. But none available offer incredible value at a much lower cost.

You may be surprised to discover that none available are Limerick's most affordable neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. In comparison, the average house in Limerick is selling for about unknown.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Limerick. This tax is used to pay for several essential services, including garbage and recycling collection. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. 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 Limerick homeowners assume that the bigger their house, the more they'll pay. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.

If you're seeking a new place to call home Limerick, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. 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. With Strata.ca, you can also get historical data on every property in Limerick. You'll have all the intel you need to outsmart the local real estate market.

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 Limerick. Closing costs cannot be rolled into your mortgage. But rather, these are charges paid upfront on the day of closing. To be safe, budget about 2% of the purchase price. For instance, if you're buying a Limerick house for $800,000 - then at least $16,000 should be set aside. 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 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 Limerick real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.