497 Lakeshore Dr
THUNDER BAY, Ontario P7A0P9
3 beds• 2 baths• 1,820 sqft
Description
Only 5 minutes from Hodder Ave sits this 1800 sq ft side split on 1.63. acres of land with a creek running through the property, 4 bedrooms , 2 baths ,Large living room with Garden doors to a deck , Large Dining room with sliding patio doors , upstairs large Primary bedroom has a door leading to a balcony . tons of potential . (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
1,820 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
THUNDER BAY
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: ROYAL LEPAGE LANNON REALTY
Home price
$279,900
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
$2,545/month
The payment includes
Rent
$2,234
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$311
Each month, $311 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
$324,019
Cumulative Down Payment
$16,201
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,201
Buyback Price
$293,895
Cumulative Down Payment
$8,734
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,734
Buyback Price
$308,590
Cumulative Down Payment
$12,467
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,467
Buyback Price
$324,019
Cumulative Down Payment
$16,201
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,201
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
$2,545/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.
Speak to our team about your eligibility, monthly payments, and
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