220 First Avenue East
North Bay (Central), Ontario P1B1J8
4 beds• 1 bath• 3,000 sqft
Description
Tucked into a charming spot in central North Bay, 220 First Avenue East is an adorable 4-bedroom, 1-bathroom home that blends the timeless character of a century home with the conveniences of modern living! Original wood trim adds warmth and charm, while the spacious kitchen offers plenty of room to cook, gather, and enjoy everyday life. Main floor laundry adds convenience, and the enclosed mudroom entry provides a practical transition from the outdoors. Step onto the large front porch and enjoy the charm of this lovely home, or head out to the fully fenced backyard, complete with a wired shed offering extra space for storage, hobbies, or a workshop. Additional features include forced-air gas heating and vinyl windows. Located in a welcoming, established neighbourhood, this home is within walking distance of downtown shops, amenities, and the local farmers' market. Full of character, charm, and potential, this delightful home is ready for its next chapter! (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
3,000 sqft
● Stories
2
● Bedrooms
4
● Bathrooms
1
● Parking
1
● Neighbourhood
Central
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, N/A
● Parking Type
--
● Time on REALTOR.ca
7 days
Home price
$309,900
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
$2,773/month
The payment includes
Rent
$2,414
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$359
Each month, $359 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
$358,748
Cumulative Down Payment
$17,937
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,937
Buyback Price
$325,395
Cumulative Down Payment
$9,312
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,312
Buyback Price
$341,665
Cumulative Down Payment
$13,625
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,625
Buyback Price
$358,748
Cumulative Down Payment
$17,937
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,937
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
$2,773/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.