412 Rainbow Street
Thunder Bay, Ontario P7B6K2
3 beds• 3 baths• 1,185 sqft
Description
Stunning 4-bedroom home in River Terrace loaded with upgrades. Looking for a move-in ready home in one of the most desirable neighbourhoods? This beautifully updated bi-level is just steps away from a park (outdoor rink in the winter) and great walking trails. Enjoy entertaining and cooking in your fabulous chef’s kitchen complete with granite counters, stainless appliances and a big island. The bright open living space is filled with natural light. Primary bedroom has its own convenient 2-piece ensuite. Engineered hardwood flooring throughout the main floor. Fully finished basement, cozy recreation room with gas fireplace and wet bar makes for a perfect entertaining space. Fourth bedroom plus 3-piece bath and tons of storage space. Outside is just as impressive with a large fenced yard, 21x36 heated garage, garden space and a two-tiered deck with hot tub. Numerous updates in the last 5 years, great family-friendly location. This home is perfect for a family or simply enjoying your space inside and out. Come and see it today, it won’t last long. Visit www.century21superior.com for more info and pics (id:39198)
Facts & Features
● Building Type
Other
● Year built
1990
● Square Footage
1,185 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
3
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: CENTURY 21 SUPERIOR REALTY INC.
Home price
$599,900
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
$5,805/month
The payment includes
Rent
$4,710
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$1,096
Each month, $1,096 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
$694,459
Cumulative Down Payment
$44,446
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,446
Buyback Price
$629,895
Cumulative Down Payment
$18,149
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$13,149
Buyback Price
$661,390
Cumulative Down Payment
$31,297
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$26,297
Buyback Price
$694,459
Cumulative Down Payment
$44,446
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,446
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
$5,805/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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