497 Rankin Avenue
Windsor, Ontario N9B2R6
5 beds• 2 baths• 3,150 sqft
Description
Vacant 4+1 bedroom home in one of Windsor's most walkable pockets. Five minutes on foot to the University of Windsor, ten to the riverfront, and everything on Wyandotte within a short stroll. The layout supports two clear paths: a family home with room to grow, or a student rental where every bedroom earns. New AC will be installed before the new owner takes possession, and the home is fully move-in ready with nothing to do but unpack. Locations this close to campus rarely sit long. (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
3,150 sqft
● Stories
1.5
● Bedrooms
5
● Bathrooms
2
● Parking
--
● Neighbourhood
--
● Land size
--
● Heating type
Forced air, Natural gas, Furnace
● Basement type
--
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$304,900
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
$2,726/month
The payment includes
Rent
$2,374
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$351
Each month, $351 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
$352,960
Cumulative Down Payment
$17,648
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,648
Buyback Price
$320,145
Cumulative Down Payment
$9,216
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,216
Buyback Price
$336,152
Cumulative Down Payment
$13,432
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,432
Buyback Price
$352,960
Cumulative Down Payment
$17,648
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,648
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
$2,726/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
Recently Listed Homes in Windsor, ON
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.