200 Kensington Dr
Thunder Bay, Ontario P7C2A5
3 beds• 2 baths• 1,127 sqft
Description
Welcome to this wonderfully maintained 3+1 bedroom Home perfectly situated in Northwood Park. This home offers a fantastic blend of space, comfort and convenience, making it an ideal choice for a growing family or first time home buyer! Don't miss out on the opportunity to own a home in one of Thunder Bay's most family friendly neighborhoods! (id:39198)
Facts & Features
● Building Type
Other
● Year built
1969
● Square Footage
1,127 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
2
● 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: RE/MAX GENERATIONS REALTY
Home price
$429,000
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
$3,908/month
The payment includes
Rent
$3,357
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$551
Each month, $551 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
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
Buyback Price
$450,450
Cumulative Down Payment
$11,610
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,610
Buyback Price
$472,973
Cumulative Down Payment
$18,221
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,221
Buyback Price
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
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
$3,908/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
next steps toward homeownership.