487 Richard St
Thunder Bay, Ontario P7A1R2
3 beds• 1 bath• 900 sqft
Description
New Listing. On a quiet dead-end street directly across from Centennial Park, this beautifully maintained turn key home offers a rare combination of location, condition, and setting. More than just cosmetic, the major mechanical updates have already been completed. The bright and functional main level features two well sized bedrooms, an updated 4 pc bath, and a seamless flow between the kitchen and living spaces, creating an easy and inviting layout for everyday living. A fully finished lower level adds a third bedroom and a spacious family room, ideal for additional living space, guests, or a home office. Set on a large lot with a detached single car garage at the end of a sprawling driveway. (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
900 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
1
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: RE/MAX FIRST CHOICE REALTY LTD.
Home price
$379,900
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
$3,440/month
The payment includes
Rent
$2,968
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$472
Each month, $472 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
$439,782
Cumulative Down Payment
$21,989
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,989
Buyback Price
$398,895
Cumulative Down Payment
$10,663
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,663
Buyback Price
$418,840
Cumulative Down Payment
$16,326
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,326
Buyback Price
$439,782
Cumulative Down Payment
$21,989
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,989
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
$3,440/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.
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