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There are currently 83 listed for sale. On average, houses here are selling within 26 days on market. Windsor buyers have the advantage over sellers when it comes to houses in this market.
South Windsor, Walkerville and Windsor University District are Windsor's most popular neighbourhoods. Strata.ca looks at a number of indicators to rank the communities most in-demand. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.
Windsor's most priciest neighbourhoods are Roseland East, East Riverside and Roseland West. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Buying in Windsor's priciest neighbourhoods may not be ideal if you're seeking good value. Remington Park, Sandwich South and Malden could be much better options.
Every city has neighbourhoods where property values tend to be cheaper - and in Windsor they are South Central - Windsor, Sandwich and Windsor University District. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. Overall, houses in Windsor are selling for an average of $565,352.
Aside from mortgage payments, owning a house in Windsor 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%. Some Windsor homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding 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.
Strata.ca features all listings in Windsor, updated multiple times daily - you won't ever miss a property when using this platform. This platform offers something extra that many others don't. In addition to property specs, Strata.ca also provides extra data and rankings. This kind of intel can give you an edge in the local market.
Windsor has a walk score of 20, meaning most errands and travel within the city will require a car. With a transit score of 23, this city offers few public transportation options. And the bike score is 39, meaning there is minimal bike infrastructure.
When looking for a house in Windsor, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to 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 Windsor house for $800,000 - then at least $16,000 should be set aside. All buyers are subject to the province's land transfer tax. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. Finally, a Windsor 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.