N - 73 Empress Ave
THUNDER BAY, Ontario P7A6C2
2 beds• 1 bath• 752 sqft
Description
Welcome to this well-located North Side property situated on a generous 75'x103' lot with flexible zoning and comfortable living. This property provides plenty of outdoor space along with UL zoning, which may be suitable for a variety of building uses. Buyers to verify permitted uses and zoning requirements. This 2 storey home features 2 bedrooms, one floor living with a main floor laundry, updated second floor bathroom and 4 appliances included. Enjoy the outdoors on a 2 tier deck off the living room with plenty of room for entertaining, relaxing or enjoying the expansive fenced yard. Off street parking included. This property and price offers a unique opportunity for 1st time buyers, investors or buyers looking for future potential. Quick possession available. (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
752 sqft
● Stories
2
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
THUNDER BAY
● Land size
--
● Heating type
Radiant/Infra-red Heat, Electric
● Basement type
Dugout
● Parking Type
--
● Time on REALTOR.ca
50 days
Home price
$259,000
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
$2,341/month
The payment includes
Rent
$2,064
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$278
Each month, $278 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
$299,825
Cumulative Down Payment
$14,991
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,991
Buyback Price
$271,950
Cumulative Down Payment
$8,330
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,330
Buyback Price
$285,548
Cumulative Down Payment
$11,661
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,661
Buyback Price
$299,825
Cumulative Down Payment
$14,991
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,991
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
$2,341/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.