817 Chatham St East
Windsor, Ontario N9A2X8
5 beds 2 baths 3,968 sqft
Description
Vacant and ready for you to choose your own tenants! Exceptional investment opportunity just steps from Riverside Drive! This large, well-maintained duplex offers two spacious units, a full basement with a separate entrance, and rear parking for at least six cars. Lower has 2 bedrooms, living room, dining room, kitchen, mudroom, in-suite laundry and 4 pcs bathroom. Upper unit was renovated in 2018/2019 with 3 bedrooms, newer kitchen, in-suite laundry, 4 pc bathroom, mudroom and living room. Both units are well maintained. Electric and water separately metered and paid by each tenant. Landlord pays gas. Each unit has their own water tank. Its prime location near Caesars Windsor, the Riverfront path, downtown Windsor & Festival Plaza makes it highly desirable for tenants. Close to bus routes. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
--
● Square Footage
3,968 sqft
● Stories
2
● Bedrooms
5
● Bathrooms
2
● Parking
--
● Neighbourhood
--
● Land size
--
● Heating type
Baseboard heaters, Forced air, Electric, Natural gas, Furnace
● Basement type
--
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$399,999
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
$3,631/month
The payment includes
Rent
$3,127
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 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
$463,049
Cumulative Down Payment
$23,152
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,152
Buyback Price
$419,999
Cumulative Down Payment
$11,051
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,051
Buyback Price
$440,999
Cumulative Down Payment
$17,102
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,102
Buyback Price
$463,049
Cumulative Down Payment
$23,152
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,152
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
$3,631/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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