North Bay (Central), Ontario P1B1E3
2 beds• 1 bath• 4,356 sqft
This two-bedroom downtown bungalow has been gutted to the studs and rebuilt from the ground up. New roof, new windows, new electrical, new plumbing, new drywall, new flooring, new kitchen, new bathroom - everything above the foundation has been completely replaced, and the work has been done properly. Appliances and final finishes including trim, fixtures, and countertops are being installed now. The result is a brand new, low-maintenance home at a fraction of new construction cost. The open concept main floor is straightforward and functional. Two bedrooms, a fresh kitchen, and a clean, brand new bathroom. High-efficiency heating and air conditioning mean low utility costs from day one. Everything you need, nothing complicated to maintain. Step out back and there's more yard than you'd expect from a downtown property - a deep lot with enough room to actually use it, not just look at it. Two-car parking in the rear off a shared driveway, with street parking available too. Perfect for either yourself, or as a rental! (id:39198)
Home price
$299,900
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
$2,739/month
The payment includes
Rent
$2,396
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$343
Each month, $343 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
$347,172
Cumulative Down Payment
$17,359
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,359
Buyback Price
$314,895
Cumulative Down Payment
$9,120
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,120
Buyback Price
$330,640
Cumulative Down Payment
$13,239
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,239
Buyback Price
$347,172
Cumulative Down Payment
$17,359
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,359
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.