221 Heron Street


Thunder Bay, Ontario P7C2M4

4 beds 1 bath 1,172 sqft

Description

Welcome to a solid, character-filled 2-storey home offering 4 bedrooms and 1,172 sq.ft. of functional living space, perfect for first-time buyers or investors looking for a reliable, low-maintenance property. The main floor features a spacious front entrance leading into a bright living and dining area, with a practical kitchen layout designed for everyday use. Upstairs, you’ll find four well-sized bedrooms and a full bathroom, providing plenty of room for families or rental flexibility. The basement, while more compact, adds valuable utility with laundry and has been previously used as an additional bedroom space. This home has seen extensive exterior and mechanical updates, including shingles, soffit, fascia, vinyl siding, most windows, doors, furnace, and central A/C, giving buyers confidence in the big-ticket items. A built-in water filtration system connected directly to the service line ensures clean, reliable potable water. Outside, the fully fenced backyard is set up for both function and enjoyment, featuring off-lane parking, a storage shed, and a central stone fire pit, ideal for relaxing or entertaining. With strong bones, a solid foundation, included appliances, and a layout that simply works, this is a smart opportunity to step into homeownership or expand your investment portfolio. Contact today to schedule your private showing. (id:39198)

Facts & Features

● Building Type

Other

● Year built

1906

● Square Footage

1,172 sqft

● Stories

2

● Bedrooms

4

● Bathrooms

1

● Parking

--

● Neighbourhood

Thunder Bay

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Unfinished, Full

● Parking Type

--

● Time on REALTOR.ca

2 days

Brokerage Name: ROYAL LEPAGE LANNON REALTY

Powered by: REALTOR.ca

Home price

$269,900

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$2,447/month

The payment includes

Rent

$2,152

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$295

Each month, $295 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:

1 year2 years3 years
Year 3

Buyback Price

$312,443

Cumulative Down Payment

$15,622

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$10,622

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

$2,447/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

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.