345 Syndicate Ave
Thunder Bay, Ontario P7C3W4
3 beds• 2 baths• 1,810 sqft
Description
Welcome to 345 Syndicate Avenue North in McKellar Park. This solid brick duplex offers an excellent opportunity for investors looking for an income-producing property to add to their portfolio. Featuring 4 bedrooms, 2 bathrooms, high ceilings on the main floor, new flooring, a spacious and bright loft, this property has been refreshed throughout. Each unit offers its own laundry, along with two hot water tanks and separate meters. There is also two-car parking at the rear. With its solid construction, functional layout, separate utilities, and convenient location close to many amenities, 345 Syndicate Avenue N is a fantastic opportunity to add a turnkey income-producing property to your portfolio. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1920
● Square Footage
1,810 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Full
● Parking Type
--
● Time on REALTOR.ca
50 days
Home price
$289,900
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
$2,642/month
The payment includes
Rent
$2,315
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$327
Each month, $327 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
$335,595
Cumulative Down Payment
$16,780
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,780
Buyback Price
$304,395
Cumulative Down Payment
$8,927
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,927
Buyback Price
$319,615
Cumulative Down Payment
$12,853
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,853
Buyback Price
$335,595
Cumulative Down Payment
$16,780
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,780
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
$2,642/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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Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.