1203 Mckay Avenue
Windsor, Ontario N9B2A8
3 beds• 2 baths• 3,675 sqft
Description
Excellent opportunity for investors, renovators, contractors, and buyers looking to add value! This raised bungalow offers tremendous potential for those ready to bring their vision to life. Whether you're looking for your next renovation project, investment property, or a home to customize to your personal taste, this property provides a great opportunity to build equity. Featuring a functional layout, private driveway, and detached rear garage offering additional parking and storage. Located in an established Windsor neighborhood, conveniently close to schools, parks, shopping, public transit, and everyday amenities. With plenty of possibilities to update, renovate, and make it your own, this property is ideal for buyers looking to unlock its full potential. Bring your ideas and creativity and take advantage of this opportunity! **Property being sold Under Power of Sale** (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
3,675 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
1
● Neighbourhood
--
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, N/A
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$255,000
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
$2,302/month
The payment includes
Rent
$2,031
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$271
Each month, $271 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
$295,194
Cumulative Down Payment
$14,760
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,760
Buyback Price
$267,750
Cumulative Down Payment
$8,253
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,253
Buyback Price
$281,138
Cumulative Down Payment
$11,506
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,506
Buyback Price
$295,194
Cumulative Down Payment
$14,760
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,760
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
$2,302/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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