677 Tackaberry Drive
North Bay (West End), Ontario P1B8R1
3+3 beds• 3 baths• 7,500 sqft
Description
Income-generating 5-bedroom Bungalow in the "Heart of Pinewood" - currently tenanted and cash-flowing. A rare 3+2 configuration: the finished lower level offers two bedrooms, a full bathroom, rec room, and second laundry - an ideal in-law suite layout for multi-generational living. Main floor features an open-concept living/dining/kitchen with walkout to the deck, primary plus two additional bedrooms, and two baths. Major updates complete: vinyl windows, doors, and re-shingled roof. 50x150 lot with detached 18x24 garage, steps from the elementary school, transit, and hospital. Turnkey for investors - financials available upon request. (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
7,500 sqft
● Stories
1
● Bedrooms
3+3
● Bathrooms
3
● Parking
7
● Neighbourhood
West End
● Land size
--
● Heating type
Baseboard heaters, Electric, Natural gas
● Basement type
Finished, N/A
● Parking Type
--
● Time on REALTOR.ca
85 days
Home price
$499,900
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
$4,692/month
The payment includes
Rent
$3,918
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$774
Each month, $774 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
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
Buyback Price
$524,895
Cumulative Down Payment
$14,290
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,290
Buyback Price
$551,140
Cumulative Down Payment
$23,580
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$18,580
Buyback Price
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
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
$4,692/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.
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