Houses for Sale in Lincoln, ON

Beamsville and Vineland are Lincoln's most popular neighbourhoods. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.

It's hardly surprising that Beamsville are Lincoln's most expensive neighbourhoods. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you're looking for cheaper options though - Vineland also have great properties, but at much better value.

Lincoln's cheapest neighbourhoods are Vineland. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. It should be noted that the average house in Lincoln typically sells for $792,180.

One of the carrying costs associated with homeownership in Lincoln is your property tax. 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 Lincoln homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. Let's say your property's market value is $700,000 and the municipal property tax rate is 0.5%. This means you'd owe $3,500 in property taxes that year.

Strata.ca is the premier real estate website because it displays every home available in Lincoln and the listings are updated multiple times per day. But why settle for basic property details when you could unlock Lincoln's real estate history! With Strata.ca, you can also get historical data on every property in Lincoln. You'll have all the intel you need to outsmart the local real estate market.

Residents of Lincoln usually need a car to get around, given the city's walk score of 8. With a transit score of 0, this city offers few public transportation options. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 28.

When purchasing a house in Lincoln, 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 Lincoln would require $12,000 to be set aside for closing day. 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. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. Finally, a Lincoln real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.