3875 Howard Avenue
Windsor, Ontario N9G1N6
4 beds 2 baths 1,557 sqft
Description
Investors and developers take note - value in the land with the bonus of a house that can generate you income while you wait to build. Welcome to 3875 Howard Avenue! This versatile raised bungalow sits on an expansive approximately 60 ft x 181 ft deep lot offering rare space and and so much future potential. Boasting 4 bedrooms, 2 full bathrooms, and 2 kitchens, this layout is perfectly suited for multi-generational living, extended families, or savvy investors bringing their own touch. This home provides comfortable living areas and plenty of room to adapt to your lifestyle. Outside, the deep, fully usable backyard features a detached storage shed and ample room for gardening and outdoor entertaining. Conveniently located 4 minutes to Devonshire mall and Roseland golf, 6 minutes to the 401 and close to other amenities and schools. Don't miss the opportunity to unlock the incredible value and possibilities this standout property has to offer! (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
1,557 sqft
● Stories
1
● Bedrooms
4
● Bathrooms
2
● Parking
5
● Neighbourhood
Windsor
● Land size
--
● Heating type
Baseboard heaters, Forced air, Electric, Natural gas
● Basement type
Unfinished, Crawl space
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$400,000
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
$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
$463,050
Cumulative Down Payment
$23,153
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,153
Buyback Price
$420,000
Cumulative Down Payment
$11,051
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,051
Buyback Price
$441,000
Cumulative Down Payment
$17,102
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,102
Buyback Price
$463,050
Cumulative Down Payment
$23,153
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,153
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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Have Questions About Rent-to-Own? Let's Talk.
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