Houses for Sale in Otonabee-South Monaghan, ON

The most popular neighbourhoods in Otonabee-South Monaghan are none available. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

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

The most affordable neighbourhoods in Otonabee-South Monaghan 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 Otonabee-South Monaghan's average house price is unknown.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Otonabee-South Monaghan. This tax is used to pay for several essential services, including garbage and recycling collection. 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 Otonabee-South Monaghan homeowners assume that the bigger their house, the more they'll pay. 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.

Strata.ca is the premier real estate website because it displays every home available in Otonabee-South Monaghan and the listings are updated multiple times per day. 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. This kind of intel can give you an edge in the local market.

When looking for a house in Otonabee-South Monaghan, 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. 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 Otonabee-South Monaghan house for $800,000 - then at least $16,000 should be set aside. All buyers are subject to the province's land transfer tax. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. And finally, when buying a home in Otonabee-South Monaghan, you'll need a real estate lawyer to close the deal. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.