Houses for Sale in Etobicoke, Toronto, ON

Stonegate - Queensway, Islington | City Centre West and Mimico are Etobicoke's most popular neighbourhoods. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. 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.

Every city has its expensive neighbourhoods, and in Etobicoke they are Princess - Rosethorn, The Kingsway and Edenbridge | Humber Valley. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you can't afford a home in Etobicoke's most expensive neighbourhoods - check out other areas which offer better value, including Mimico, Eringate | Centennial | West Deane and Kingsview Village | The Westway.

Mount Olive | Silvestone | Jamestown, Rexdale | Kipling and West Humber - Clairville are Etobicoke's cheapest neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Many properties in Etobicoke's least expensive neighbourhoods are selling below the city's average of $1,496,745.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Etobicoke. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. Etobicoke homebuyers will often assume that the bigger the house, the more they'll pay. But this isn't necessarily true as the tax rate is multiplied by the home's current market value, which can change year-to-year based on recently sold properties. 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 Etobicoke and the listings are updated multiple times per day. This platform offers something extra that many others don't. In addition to property specs, Strata.ca also provides extra data and rankings. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

Etobicoke has a walk score of 58, making the city only somewhat walkable. You may need a car, but won't be entirely dependent on it. Meanwhile, the transit score is 68, so there's a decent number of public transportation options throughout the city. For cyclists, Etobicoke offers a bike score of 57, meaning there is some bike infrastructure to get around the city.

All buyers must pay a series of closing costs when purchasing a house here. Your realtor and/or real estate agent can best advise on what these charges are. But here's a quick overview of what's involved when buying property in Etobicoke. When searching for a house in Etobicoke, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. All buyers are subject to the province's land transfer tax. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. Finally, a Etobicoke 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.