996 Metcalfe Street
North Bay (Central), Ontario P1B2R3
3+1 beds• 2 baths• 5,000 sqft
Description
Looking for a home with incredible potential? If you're not afraid of a little hard work and want to build instant sweat equity, this could be the opportunity you've been waiting for. This 3+1 bedroom, 2 full bathroom home is ready for someone with vision to bring it back to life and make it their own. While the home does require updating and repairs, it offers a solid starting point with features that are hard to find, including an accessibility ramp, elevator, a large fully fenced backyard, and updated windows and shingles completed within the last 15 years. Whether you're a first-time buyer, investor, or handy homeowner looking for your next project, this property offers outstanding potential to add value and create a home tailored to your style. (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
5,000 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
2
● Parking
4
● Neighbourhood
Central
● Land size
--
● Heating type
Baseboard heaters, Electric
● Basement type
Partially finished, Walk-up, N/A, N/A
● Parking Type
--
● Time on REALTOR.ca
100 days
Home price
$385,000
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
$3,488/month
The payment includes
Rent
$3,008
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$480
Each month, $480 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
$445,686
Cumulative Down Payment
$22,284
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,284
Buyback Price
$404,250
Cumulative Down Payment
$10,761
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,761
Buyback Price
$424,463
Cumulative Down Payment
$16,523
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,523
Buyback Price
$445,686
Cumulative Down Payment
$22,284
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,284
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
$3,488/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
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Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.