Houses for Sale in Scugog, ON

Every city has its most in-demand neighbourhoods, and in Scugog they are Rural Scugog, Port Perry and Blackstock. 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.

The priciest neighbourhoods in Scugog are Rural Scugog. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. Not everyone can afford a home in Scugog's priciest neighbourhoods. But Port Perry offer incredible value at a much lower cost.

Blackstock are Scugog's cheapest neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. Overall, houses in Scugog are selling for an average of $913,394.

Homeownership in Scugog 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. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. 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 Scugog homeowners assume that the bigger their house, the more they'll pay. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.

Strata.ca is the premier real estate website because it displays every home available in Scugog and the listings are updated multiple times per day. In addition to listing details, imagine having the ability to search historical data for every property in Scugog. From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

Scugog has a walk score of 66, making the city only somewhat walkable. You may need a car, but won't be entirely dependent on it. And with a transit score of 40, this city offers few public transportation options. For cyclists, the neighbourhood offers a bike score of 49, meaning there is limited bike infrastructure.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Scugog. These fees are standard in real estate, but can still catch you off guard if you're unprepared. 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 Scugog 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. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. Finally, a Scugog real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.