Townhouses for Sale in Point Edward, ON

Point Edward's most popular neighbourhoods are none available. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.

Point Edward's most priciest neighbourhoods 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 Point Edward's most expensive neighbourhoods - check out other areas which offer better value, including none available.

Every city has neighbourhoods where property values tend to be cheaper - and in Point Edward they are none available. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. In comparison, the average house in Point Edward is selling for about unknown.

Homeownership in Point Edward comes with a number of expenses, one of them being property taxes. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Point Edward 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 example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

The go-to website for your Point Edward real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. And the best part - it's all presented in a user-friendly way, making it easy to find your dream home.

When purchasing a house in Point Edward, 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. 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 Point Edward house for $800,000 - then at least $16,000 should be set aside. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. First-time homebuyers could be eligible for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. Lastly, you'll need a Point Edward real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.