Home Rent-to-Own Listings Chathamkent, Ontario 112 Manning Drive

112 Manning Drive

Chatham-Kent, Ontario N7M0A6

4 beds• 2 baths• 4,875 sqft

Description

Space, Comfort & Value! Discover the perfect blend of space, functionality and thoughtful update in this beautifully maintained 4-bedroom raised ranch. Offering a versatile layout with two bedrooms on the main level and two additional bedrooms downstairs, there's a room for the growing family, overnight guests or a home office. The lower-level family room is the perfect place to unwind, featuring a cozy gas fireplace and custom entertainment cabinetry, creating a warm and inviting space for relaxing or entertaining. Enjoy the added benefit of central vacuum and two full bathrooms. Step outside to your own backyard retreat, complete with a fantastic deck, ideal for summer barbecues, outdoor dining and enjoying time with family and friends, plus a 13 ft. x 10.5 ft. storage shed for added convenience. Important updates include thereof, kitchen backsplash and radon mitigation system (2021), all brand-new appliances (2022),and air conditioning (2025). Completing the package are an attached garage and double-wide concrete driveway. With generous living space, a flexible floor plan and valuable updates already completed, this home offers comfort and convenience for years to come. A wonderful opportunity to make this home your own! Call today to arrange your private viewing! (id:39198)

Facts & Features

● Building Type

House

● Year built

● Square Footage

4,875 sqft

● Stories

● Bedrooms

● Bathrooms

● Parking

● Neighbourhood

Chatham-Kent

● Land size

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full

● Parking Type

● Time on REALTOR.ca

1 day

Home price

$545,000

Calculate my rent-to-own affordability

Initial Deposit

I want to start the program with
an initial down payment of

=2%

Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments

Your Monthly Payment

$5,194/month

The payment includes

Rent

$4,275

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$919

Each month, $919 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.

Buyback

Here is the final price if I buy the house after:

1 year2 years3 years

Year 3

Buyback Price

$630,906

Cumulative Down Payment

$38,091

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$33,091

Year 1

Buyback Price

$572,250

Cumulative Down Payment

$16,030

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$11,030

Year 2

Buyback Price

$600,863

Cumulative Down Payment

$27,060

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$22,060

Year 3

Buyback Price

$630,906

Cumulative Down Payment

$38,091

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$33,091

There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!

Rent-to-Own This Home for

$5,194/month

This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.

You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!

Calculate my rent-to-own affordability See Qualified Home Criteria

No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.

Client initial deposit is applied directly to the down payment when clients are ready to buy the home.

Few ways to reduce your monthly payments

• Look at homes with a lower price

• Put down a higher initial down payment

• Sublet the rooms for extra income

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