Rent-to-own homes in Kitchener-Waterloo, Ontario
104 Whitney Place, Kitchener, Ontario
AVAILABLE MID-NOVEMBER 2008
A fully-detached home backing on to a schoolyard, this 1½-story 1920’s house has excellent long-term appreciation potential, as the industrial area across the street is expected to be rezoned residential.
The living and dining rooms are beautifully built with lots of natural wood trim and newly refinished parquet floors. The upstairs has natural pine floors, with three bedrooms and two bathrooms. Overall the house is 1,700 square feet, plus a porch and a semi-finished basement.
The home has a brand-new high-efficiency furnace, a new gas fireplace, new electrical service, fresh paint throughout, and newly refinished wood floors and staircase. The main floor bathroom is also brand-new, and there are new ceramic floor tiles in the kitchen, bathrooms and front entranceway.
Payments for this rent-to-own home are as follows:
| Base Rent | $1175 |
|---|---|
| Min. Lease Option Payment | $150 |
| Total Monthly Payment | $1325 |
| Initial downpayment | negotiable |
| Buyout Price after 1 Year | $194,250 |
| Buyout Price after 2 Years | $203,963 |
| Buyout Price after 3 Years | $214,161 |
| Buyout Price after 4 Years | $224,869 |
The monthly lease option payment, and your initial downpayment, are credited towards your eventual buyout of the house. The number of years that you hold your rent-to-own option, and the amount of your payments, are negotiable — they are based on what you can afford and how quickly you would like to own your own home.
This house is available from mid-November, 2008. Please contact us to arrange a viewing.
Click here for more information on our rent-to-own agreements.
