** rent to own ** in st-catharines
This listing has expired and no longer available for rent
** Rent to Own **
Corbin St, St. Catharines, ON
February, 29, 2024
added
$3,000
Utilities not included
| Main Features |
|---|
| House4 bedrooms1482 Sqft3 baths3 parking spotsAC one-year lease |
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| Other Features |
| Has Yard Has Laundry In Building Has Dishwasher Has Fridge |
| Description |
| Wonderful rent to own opportunity if you need a little time to qualify for a mortgage. Move in now with only a 6% upfront down payment and take 1 year to save the rest of your down payment and qualify for your own mortgage to officially make it your own. -3+1 bedrooms -3 full bathrooms -Double-door walk-out basement -1482 square feet -Brick and siding exterior -Concrete driveway -9 & 10 foot ceilings in the basement The monthly payment is $3,000/month rent (+ utilities) + $750/month towards extra down payment funds = $3,750/month total monthly payment. That’s $9,000 in additional down payment funds towards your purchase. The balance due at the end of 1 year will be: $840,000 price - $50,000 upfront down payment - $9,000 additional down payment = $781,000. At the end of 1 year you will need to qualify for your own mortgage with your mortgage broker or bank and then the house will transfer to you at the closing to officially make this beautiful home your own. Considering the almost brand new condition of this home, and the intention that you will be the new owner of this home in 1 year, all maintenance & any repairs would be your responsibility during the 1 year that you will be living in the house before you qualify for your own mortgage. 15 Corbin St, St. Catharines Please message if you are interested. |