281 Meadowvale Crescent
Cornwall, Ontario K6J5K6
5 beds• 2 baths• 7,040 sqft
Description
Welcome to this spacious 3+2 bedroom split-level home with an attached garage, nestled in a mature north-end neighbourhood. Offering plenty of room for a growing family, this home features a bright, open main-floor layout where the living room flows comfortably into the dining area. The functional kitchen provides ample cabinetry and stainless steel appliances. Three main-floor bedrooms offer generous closet space, along with a 3pc bathroom featuring a modified tub designed with mobility in mind.The lower level expands your living space with a cozy family room warmed by a natural gas fireplace, two additional bedrooms, a 3pc bathroom with corner shower, plus convenient laundry and storage areas.Outside, enjoy a fully fenced backyard with space for children, pets, gardening or outdoor entertaining. Additional features include a natural gas furnace (2017) and central air conditioning.With a little vision and personal touch, this property offers an excellent opportunity to create a home that's truly your own. Conveniently located close to schools, shopping, parks and many city amenities, with a school within walking distance. An affordable option for first-time buyers, growing families or investors looking for potential in a well-established neighbourhood. *Some photos have been virtually staged. As per Seller direction allow 48 hours on offers. (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
7,040 sqft
● Stories
1
● Bedrooms
5
● Bathrooms
2
● Parking
3
● Neighbourhood
717 - Cornwall
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$399,000
Initial Deposit
I want to start the program with
an initial down payment of
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
$3,622/month
The payment includes
Rent
$3,119
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$503
Each month, $503 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:
Buyback Price
$461,892
Cumulative Down Payment
$23,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,095
Buyback Price
$418,950
Cumulative Down Payment
$11,032
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,032
Buyback Price
$439,898
Cumulative Down Payment
$17,063
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,063
Buyback Price
$461,892
Cumulative Down Payment
$23,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,095
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
$3,622/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!
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
Recently Listed Homes in Cornwall, ON
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.