Home Rent-to-Own Listings Thunder Bay, Ontario 526 Ryerson Pl

526 Ryerson Pl

THUNDER BAY, Ontario P7C5R9

3 beds• 2 baths• 1,967 sqft

Description

WELCOME HOME TO 526 RYERSON PL! Boasting a newly constructed dream garage that is sure to impress, this 3 bedroom 2 bathroom, move-in ready home offers plenty of finished living space with over 1,900 square feet spanning three levels. The main floor features a large kitchen with plenty of storage and counter space, opening to the dining room and living room with doors out to the deck and backyard. Up a level there are 3 bedrooms and a full bathroom. Down a level from the main floor there is a huge rec room, another full bathroom with shower, and mudroom area with walk-out access to the backyard and garage. The lowest level has the laundry room, utility room and plenty of storage and unfinished space that could be completed for another rec room, play area or games room. Outside you will find the insulated, wired and heated 26 x 30 detached garage with 10 foot ceilings, pull through garage doors, and bonus 30 x 10 covered overhang; a true mechanic and outdoor enthusiasts dream. The expansive backyard also features a deck, storage shed and covered outdoor fireplace that is sure to amaze you. All this on a quiet cul-de-sac in a great family friendly neighbourhood, in a convenient location close to parks, schools and amenities. Don't miss out on this one! (id:39198)

Facts & Features

● Building Type

Other

● Year built

1978

● Square Footage

1,967 sqft

● Stories

● Bedrooms

● Bathrooms

● Parking

● Neighbourhood

THUNDER BAY

● Land size

● Heating type

Forced air, Natural gas

● Basement type

Partially finished, Full

● Parking Type

● Time on REALTOR.ca

2 days

Brokerage Name: ROYAL LEPAGE LANNON REALTY

Home price

$549,900

Calculate my rent-to-own affordability

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

$5,249/month

The payment includes

Rent

$4,314

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

Monthly Savings

$935

Each month, $935 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

$636,578

Cumulative Down Payment

$38,658

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$33,658

Year 1

Buyback Price

$577,395

Cumulative Down Payment

$16,219

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$11,219

Year 2

Buyback Price

$606,265

Cumulative Down Payment

$27,439

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$22,439

Year 3

Buyback Price

$636,578

Cumulative Down Payment

$38,658

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$33,658

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

$5,249/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!

Calculate my rent-to-own affordability See Qualified Home Criteria

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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