118 Selkirk St
THUNDER BAY, Ontario P7C4J9
2 beds• 1 bath• 930 sqft
Description
A tidy, affordable 2 bedroom bungalow in McKellar Park on a quiet one-way street. The kind of home that just works for first time buyers, downsizers, or investors looking for a low maintenance rental. The open concept main floor connects the living room, dining area, and kitchen, making the layout feel bigger than its footprint. The kitchen offers plenty of cabinet and counter space, a peninsula with seating space. There is a 4 piece bath with both a soaker tub and a separate stand up shower. Behind the scenes, the mechanicals have been well looked after: high-efficiency natural gas furnace and owned hot water tank. Outside, a fenced rear yard with deck, natural gas BBQ hookup, and a storage shed. All appliances included. Walkable to transit, groceries, and schools. Move in and settle in. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1925
● Square Footage
930 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
THUNDER BAY
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Dugout
● Parking Type
--
● Time on REALTOR.ca
2 days
Brokerage Name: ROYAL LEPAGE LANNON REALTY
Home price
$199,900
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
$1,888/month
The payment includes
Rent
$1,705
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$183
Each month, $183 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
$231,409
Cumulative Down Payment
$11,570
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,570
Buyback Price
$209,895
Cumulative Down Payment
$7,190
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,190
Buyback Price
$220,390
Cumulative Down Payment
$9,380
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$4,380
Buyback Price
$231,409
Cumulative Down Payment
$11,570
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,570
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
$1,888/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
Recently Listed Homes in THUNDER BAY, ON
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.