Houses for Sale in Springwater, ON

The most popular neighbourhoods in Springwater are Midhurst, Snow Valley and Stonegate. We assess how much interest there is for a neighbourhood by looking at various statistics. Some of these factors include the average sale price, how much time a property typically spends on market, and the number of homes that have sold over asking.

Springwater's most priciest neighbourhoods are Anten Mills and Snow Valley. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you can't afford a home in Springwater's most expensive neighbourhoods - check out other areas which offer better value, including Stonegate.

Every city has neighbourhoods where property values tend to be cheaper - and in Springwater they are Minesing and Hillsdale. Strata.ca assesses historical data to determine the average sale price for every neighbourhood. For context, it's important to note that Springwater's average house price is $1,163,864.

Aside from mortgage payments, owning a house in Springwater will require that you pay an annual property tax. This tax is used to pay for several essential services, including garbage and recycling collection. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. This tax is not necessarily dictated by the size of your house, which is what many Springwater homeowners tend to believe. But rather, the city's tax rate is multiplied by the property's current market value - and that can fluctuate year-to-year based on recently sold homes. 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.

The go-to website for your Springwater real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. 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.

Residents of Springwater usually need a car to get around, given the city's walk score of 21. Meanwhile, the transit score is 25 - indicating that only a few options exist when it comes to public transportation. And the bike score is 44, meaning there is minimal bike infrastructure.

When purchasing a house in Springwater, 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. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. 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. Lastly, you'll need a Springwater real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property 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.