North Bay (Central), Ontario P1B5N9
4 beds• 2 baths• null
This well-maintained century home offers the flexibility of a detached residence with a legal secondary suite, making it an excellent opportunity for homeowners, multi-generational families, or investors alike. The vacant main-floor unit provides the perfect opportunity for an owner to move in and enjoy direct access to the large backyard while benefiting from rental income from the upper unit, or for an investor to set their own market rent. Extensively updated between 2021 and 2024, the property blends timeless character with modern improvements, including a new furnace and central air (2021), updated shingles (2021), and significant insulation, soundproofing, and fire separation enhancements between units. The third floor was fully remodelled in 2021 with added spray foam insulation, followed by a complete second-floor kitchen renovation in 2022, along with major exterior and crawlspace upgrades, including sealing and spray foam. In 2023, the main floor underwent a full gut renovation, including a beautifully updated bathroom, with additional soundproofing, fireproofing, and insulation improvements throughout. Exterior upgrades continue with a new deck (2023), brick pathways, retaining wall and fencing improvements, a new Mennonite-built shed (2024), and a sump pump installation (2024). Waterlines have been updated throughout (2021-2023), and each unit offers its own heating setup, with the main-floor unit featuring forced-air natural gas heating and central air, while the upper unit offers a natural gas fireplace with optional baseboard heating, along with its own hydro meter and electrical panel. Centrally located and close to everyday amenities, this solid brick home offers exceptional flexibility and long-term value. Whether you're looking for a primary residence with mortgage-helping income, space for extended family, or a turnkey investment property, this move-in-ready home presents a rare opportunity in the heart of North Bay. Zoning is a Legal Duplex. (id:39198)
Home price
$475,000
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
$4,415/month
The payment includes
Rent
$3,721
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$694
Each month, $694 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
Buyback Price
$498,750
Cumulative Down Payment
$13,329
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,329
Buyback Price
$523,688
Cumulative Down Payment
$21,658
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$16,658
Buyback Price
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
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
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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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.