Home Rent-to-Own Listings North Bay, Ontario 372 Third Avenue East

372 Third Avenue East

North Bay (Central), Ontario P1B1M6

3 beds• 1 bath• 3,795 sqft

Description

Welcome to 372 Third Avenue East, a well-maintained 1& 1/2 storey detached home situated in a convenient central North Bay location. This 3-bedroom, 1-bathroom home features a comfortable main level with a living room, spacious updated kitchen, and practical mudroom, while all three bedrooms and the 4-piece bathroom are located on the second floor. Outside, the property features a child-safe, fenced, and pet-friendly yard, landscaped grounds, deck, porch, private driveway, and a detached 24' x 16' garage. The garage is fully insulated and equipped to add a heater, making it a functional space for parking, storage, hobbies, or workshop use. The home has also benefited from a number of recent upgrades, including updated plumbing, electrical rewiring, added insulation, exterior improvements, and interior weeping tile with a sump pump for added peace of mind. Located close to schools, parks, public transit, and school bus routes, this centrally located property offers convenient access to everyday amenities while providing a private yard and detached garage. With a functional layout, thoughtful updates, and a practical location, 372 Third Avenue East is a great option for first-time buyers, small families, or anyone looking for a newly updated detached home in North Bay. Pre-inspected for peace of mind. (id:39198)

Facts & Features

● Building Type

House

● Year built

● Square Footage

3,795 sqft

● Stories

1.5

● Bedrooms

● Bathrooms

● Parking

● Neighbourhood

Central

● Land size

● Heating type

Forced air, Natural gas

● Basement type

Crawl space

● Parking Type

● Time on REALTOR.ca

58 days

Home price

$384,900

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

$3,487/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:

1 year2 years3 years

Year 3

Buyback Price

$445,570

Cumulative Down Payment

$22,278

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$17,278

Year 1

Buyback Price

$404,145

Cumulative Down Payment

$10,759

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$5,759

Year 2

Buyback Price

$424,352

Cumulative Down Payment

$16,519

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$11,519

Year 3

Buyback Price

$445,570

Cumulative Down Payment

$22,278

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$17,278

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

$3,487/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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