Houses for Sale in Marathon, ON

Every city has its most in-demand neighbourhoods, and in Marathon they are none available. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

none available are Marathon's most priciest neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. Not everyone can afford a home in Marathon's priciest neighbourhoods. But none available offer incredible value at a much lower cost.

Marathon's cheapest neighbourhoods are none available. 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 Marathon typically sells for unknown.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Marathon. This tax is used to pay for several essential services, including garbage and recycling collection. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Marathon 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 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.

If you're seeking a new place to call home Marathon, 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. In addition to listing details, imagine having the ability to search historical data for every property in Marathon. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

When looking for a house in Marathon, 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. At Strata, we advise our buyer clients to get a good estimate of closing costs early on. These costs can range anywhere from 1.5% - 2% of the overall purchase price. So consider a purchase price of $500,000 - 2% on that is $10,000 which should be accounted for upfront. All buyers are subject to the province's land transfer tax. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. And lastly, buying Marathon 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.