348 Ambrose St
Thunder Bay, Ontario P7B1L9
8 beds• 4 baths• 3,450 sqft
Description
New Listing. Welcome to 348 Ambrose Street, a truly unique opportunity offering incredible space, character and potential in the heart of Port Arthur. Situated on a massive 132 x 100 ft, four-lot property, this impressive 3,450 sq ft home opens the door to countless possibilities. Investors will appreciate the potential to create up to four residential units, with the home already offering 4 kitchens, 4 bathrooms and 8 bedrooms. For multigenerational or large families, the generous layout provides the space and flexibility that is increasingly hard to find. Or, bring this property back to its roots and create a spectacular executive family home filled with historic charm. Inside, beautiful hardwood floors, original wood craftsmanship, a stunning staircase, formal living and dining spaces and impressive room sizes showcase the character of this one-of-a-kind property. Outside, mature landscaping and an expansive yard add even more appeal. Located in a highly walkable area near downtown Port Arthur, amenities, restaurants, parks and the waterfront are within easy reach. A property that truly needs to be viewed to appreciate its size, versatility and potential. Call for more information! (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
3,450 sqft
● Stories
2
● Bedrooms
8
● Bathrooms
4
● Parking
--
● Neighbourhood
Thunder Bay
● Land size
--
● Heating type
Boiler, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
46 days
Home price
$500,000
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
$4,693/month
The payment includes
Rent
$3,919
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$774
Each month, $774 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
$578,813
Cumulative Down Payment
$32,881
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,881
Buyback Price
$525,000
Cumulative Down Payment
$14,294
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,294
Buyback Price
$551,250
Cumulative Down Payment
$23,588
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$18,588
Buyback Price
$578,813
Cumulative Down Payment
$32,881
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,881
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
$4,693/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.