Houses for Sale in Welland, ON

Welland's most popular neighbourhoods are South Pelham, Dain City and Cordage. Strata.ca looks at a number of indicators to rank the communities most in-demand. 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.

It's hardly surprising that Rural Welland - Cooks Mills, Niagara College and South Pelham are Welland's most expensive neighbourhoods. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. Buying in Welland's priciest neighbourhoods may not be ideal if you're seeking good value. East Dale - Welland, Dain City and Woodlawn could be much better options.

Welland's cheapest neighbourhoods are West Main, Cordage and Market Square. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Many properties in Welland's least expensive neighbourhoods are selling below the city's average of $580,914.

Aside from mortgage payments, owning a house in Welland 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%. 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 Welland homeowners assume that the bigger their house, the more they'll pay. Let's say your property's market value is $700,000 and the municipal property tax rate is 0.5%. This means you'd owe $3,500 in property taxes that year.

Strata.ca updates multiple times each day, featuring all the available listings in Welland. But why settle for basic property details when you could unlock Welland's real estate history! And the best part - it's all presented in a user-friendly way, making it easy to find your dream home.

With a walk score of 8, most Welland residents typically require a car to get around. The transit score, meanwhile, is 0 - resulting in a much more limited public transportation network. For cyclists, the neighbourhood offers a bike score of 28, meaning there is limited bike infrastructure.

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 Welland. At Strata, we advise our buyer clients to get a good estimate of closing costs early on. These costs can range anywhere from 1.5% - 2% of the overall purchase price. So consider a purchase price of $500,000 - 2% on that is $10,000 which should be accounted for upfront. The land transfer tax will make up most of your closing costs. In Canada, all buyers are subject to the LTT imposed by the province. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And lastly, buying Welland real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.