Rent To Own - 2 Bedroom House With Apartment in Paradise

$1,405.00 /mo
City/Town: Paradise
Area: Avalon Peninsula
Alfred R Marshall
Posted: Wed, Dec 11, 8:58 AM
No credit or poor credit? Can't get a mortgage but looking for your own home? Go from renter to landlord in 1 easy step.
We are offering this 7 year old house in Paradise as a rent to own until you get bankable and then you can buy us out with what remains owing. The main house is about 800 sq ft (small) with 2 bedrooms and 1 bathroom but the undeveloped basement gives you room to grow. It is connected to town services and is move in ready. Details are:

Appraised at $264,000 (with appliances)

New construction in 2012

Large lot 200 ft deep

Registered 1 bedroom apartment with its own meter and already rented for $750/mo POU

Comes with all appliances (including for the apartment)

Laminate and cushion floors throughout (no carpets)

Large rear deck with wheelchair ramp.

10’x12’ Shed

Apartment has it’s own basement (lots of storage)

Basic RTO payment is $1,405/mo* (based on 5.44% with 30 year amortization)
With a rental income of $750 your share is only $655/mo!
We look for a 5% down-payment but depending on your situation we may have other options available.
If you are interested fill out an application on our web site at or give us a call.

*Assumes a 5% down-payment on the $264,000 price. As with a bank financed purchase POU, property taxes, insurance, lenders default protection, and maintenance are extra.
2 Bedrooms
1 Full Bathrooms
Size: 750 ft2
Pet Friendly
MEDIA (Click thumbnails for larger view)


Member Since: October 4, 2018

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