138 Rowand St
Thunder Bay, Ontario P7C2P2
6 beds• 2 baths• 1,582 sqft
Description
New Listing. Welcome To 138 Rowand Street, A Rare Opportunity Offering Incredible Value, Space, And Flexibility In The Heart Of Thunder Bay. This 2 Storey Home Packs A Punch With 6 Bedrooms And 2 Bathrooms, Making It Perfect For Growing Families Needing Room To Spread Out Or Investors Looking For Strong Rental Potential With The Possibility Of Two Units. Step Inside To Find Thoughtful Updates Including A Refreshed Kitchen With New Countertops, Backsplash, Paint, And Fridge, Along With New Flooring In The Living Room And Updated Basement Stairs. Practical Upgrades Like Two New Washer Dryer Combos, A New Bathroom Fan, And A Recently Installed Driveway Add Everyday Convenience. Outside, The Fully Fenced 50 X 115 Lot Offers Privacy, A Large Double Garage, Shed, And Plenty Of Space For Kids, Pets, Or Tenants To Enjoy. With Great Curb Appeal, A Functional Layout, And Income Potential, This Is One Of Those Properties That Just Makes Sense Whether You Are Investing Or Looking For An Affordable Home With Room To Grow. (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
1,582 sqft
● Stories
2
● Bedrooms
6
● Bathrooms
2
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Boiler, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
7 days
Brokerage Name: RE/MAX FIRST CHOICE REALTY LTD.
Home price
$299,900
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
$2,739/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.
Buyback
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
$2,739/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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