Houses for Sale in Penetanguishene, ON

Penetanguishene are Penetanguishene's most popular neighbourhoods. 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 Penetanguishene they are none available. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you can't afford a home in Penetanguishene's most expensive neighbourhoods - check out other areas which offer better value, including Penetanguishene.

Penetanguishene's cheapest neighbourhoods 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 Penetanguishene's average house price is $679,132.

Aside from mortgage payments, owning a house in Penetanguishene will require that you pay an annual property tax. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Penetanguishene 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. 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 features all listings in Penetanguishene, updated multiple times daily - you won't ever miss a property when using this platform. 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. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

With a walk score of 44, Penetanguishene residents can access some amenities on foot. But for the most part, they need a car to get around. And with a transit score of 25, this city offers few public transportation options. And the bike score is 47, meaning there is minimal bike infrastructure.

When looking for a house in Penetanguishene, 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 Penetanguishene house for $800,000 - then at least $16,000 should be set aside. 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. Finally, a Penetanguishene real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home 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.