Houses for Sale in Gravenhurst, ON

Gravenhurst's most popular neighbourhoods are Gravenhurst. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

Every city has its expensive neighbourhoods, and in Gravenhurst they are none available. 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. If you're looking for cheaper options though - Gravenhurst also have great properties, but at much better value.

Every city has neighbourhoods where property values tend to be cheaper - and in Gravenhurst they are none available. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. For context, it's important to note that Gravenhurst's average house price is $670,646.

Homeownership in Gravenhurst 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. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. 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 Gravenhurst homeowners assume that the bigger their house, the more they'll pay. 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 updates multiple times each day, featuring all the available listings in Gravenhurst. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. With Strata.ca, you can also get historical data on every property in Gravenhurst. You'll have all the intel you need to outsmart the local real estate market.

With a walk score of 0, most Gravenhurst residents typically require a car to get around. And the bike score is 26, meaning there is minimal bike infrastructure.

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 Gravenhurst. When searching for a house in Gravenhurst, 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. 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 this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. And lastly, buying Gravenhurst 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. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.