110 Northern Ave
Thunder Bay, Ontario P7C2V5
3 beds• 2 baths• 910 sqft
Description
Attention investors! This versatile property offers excellent income potential with built-in flexibility. Featuring two kitchens and two spacious living areas, it’s perfectly suited for multi-generational living, rental opportunities, or owner-occupied income. With 3+1 bedrooms and 2 full bathrooms, providing plenty of space and functionality. A standout feature is the newer 490 sq ft garage, ideal for parking, storage, or a workshop. Conveniently located close to all amenities, including shopping, schools, and transit, this property combines comfort with opportunity. Whether you’re looking to expand your portfolio or offset your mortgage, this is a smart investment you won’t want to miss. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1945
● Square Footage
910 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
3 days
Brokerage Name: ROYAL LEPAGE LANNON REALTY
Home price
$459,000
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
$4,237/month
The payment includes
Rent
$3,594
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$643
Each month, $643 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
$531,350
Cumulative Down Payment
$28,135
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,135
Buyback Price
$481,950
Cumulative Down Payment
$12,712
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,712
Buyback Price
$506,048
Cumulative Down Payment
$20,423
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$15,423
Buyback Price
$531,350
Cumulative Down Payment
$28,135
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,135
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
$4,237/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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