Home Rent-to-Own Listings North Bay, Ontario 203 Hillcrest Avenue

203 Hillcrest Avenue

North Bay (Central), Ontario P1B7B5

3 beds• 3 baths• 4,500 sqft

Description

Welcome to this versatile and opportunity-filled property situated on a desirable corner lot, offering exceptional potential for both investors and multi-generational living. Featuring 6 bedrooms (3+3), this home is thoughtfully designed with in-law capability, complete with two kitchens, separate entrances, and two private driveways-ideal for generating rental income or accommodating extended family with ease. The main level offers 1.5 bathrooms, while the fully finished basement includes an additional full bath, enhancing functionality for both living spaces. The lower level has been further enhanced with updated flooring, providing a fresh and modern feel, while maintaining comfort and practicality throughout. The layout allows for seamless separation between units without compromising convenience. Step outside to a fully fenced backyard, perfect for families, pets, or creating a private outdoor retreat. Located just minutes from all prime amenities, including shopping, schools, parks, and transit, this property offers both lifestyle and investment appeal in one package. Whether you're looking to offset your mortgage, expand your investment portfolio, or secure a home with flexible living options, this property checks all the boxes. (id:39198)

Facts & Features

● Building Type

House

● Year built

● Square Footage

4,500 sqft

● Stories

● Bedrooms

● Bathrooms

● Parking

● Neighbourhood

Central

● Land size

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full

● Parking Type

● Time on REALTOR.ca

4 days

Brokerage Name:

Home price

$449,900

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

$4,136/month

The payment includes

Rent

$3,522

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$613

Each month, $613 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

$520,815

Cumulative Down Payment

$27,082

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$22,082

Year 1

Buyback Price

$472,395

Cumulative Down Payment

$12,361

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$7,361

Year 2

Buyback Price

$496,015

Cumulative Down Payment

$19,721

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$14,721

Year 3

Buyback Price

$520,815

Cumulative Down Payment

$27,082

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$22,082

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

$4,136/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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