Kitchener Rent-to-Own Opportunity

About Kitchener, ON:

Kitchener stands out as an attractive destination for homebuyers looking for value and promising growth in the real estate market. The area has been experiencing a consistent rise in home values, fueled by its appealing mix of urban amenities and scenic natural surroundings, which attract a diverse range of residents. Despite its growth, Kitchener remains more affordable compared to major urban centres, offering a variety of housing options to suit different budgets. The real estate market here is dynamic, with robust sales indicating a healthy demand. Investing in Kitchener not only means accessing homes at competitive prices but also enjoying potential appreciation in value, making it an ideal choice for first-time homebuyers and seasoned investors alike.

About the tenant-buyers:

Chantelle and Yomi are parents of two children aged 5 and 6, they seek stability after being asked to leave their previous rental due to the property’s sale. This couple has strong income, stable employment, and have saved $50,000 for their down payment. They just need time to improve their credit to qualify for their mortgage in 2028. They have found the perfect move-in ready house in Kitchener and are eager to work with a Clover Properties investor to get this home.


Chantelle and Yomi have an annual income of $180,632. Chantelle works remotely as a Collections Specialist for two non-competing companies. She recently started with Jobber, earning $60,000 annually, and also works for Cymax Group Companies in the same role, earning another $60,000 annually. Yomi has been employed as a Print Manager for Minutemen Press since 2021, with an annual salary of $50,000. Additionally, the family receives $10,632 annually in Child Benefits.


Chantelle’s credit score is excellent at 801, and she manages her credit card very responsibly. Yomi’s score is sitting at 536, so he will work on improving his credit score during the Rent-to-Own term. The primary source of his debt is a car loan, which will be paid off in three years, further enhancing his credit profile. The couple is committed to working with a Clover Properties-approved mortgage professional over the next three years to ensure they secure a mortgage by 2028.


Chantelle and Yomi have fallen in love with a beautiful house in Kitchener, Ontario. This home is solid because it has undergone comprehensive renovations, including a complete exterior makeover, fresh paint, new flooring, updated tile, modern bathrooms, and a contemporary kitchen. Priced competitively for the market, this three-bedroom, two-bathroom home boasts an open-concept main floor and a spacious yard perfect for entertaining and playing with the kids.

The property’s prime location offers convenient access to essential amenities, including schools, parks, and a community centre. Additionally, it is close to the hospital, Highway 8, and just 12 minutes from the 401, making it an ideal choice for families seeking both comfort and convenience. This home is not only a perfect fit for Chantelle and Yomi’s immediate needs but also a promising long-term stability.

Next Steps

If you can qualify for a mortgage of $560,000 and are interested in a consistent monthly cash flow of approximately $859, click the green button to seize this opportunity!


Deal Summary:

Term: 4 years

Purchase Price:  $700,000

Estimated Investment Required: $117,200

Estimate ROI: 33% (based on 5.99% and a 4-year deal)

Estimate Returns: $155,903

TB Down Payment: $50,000

Numbers Summary:

Monthly Payment: $4,920

Condo Fee: $ 0 (no condo fees)

Monthly Cash Flow: $859

Future Purchase Price: $842,780