Ottawa Rent-to-Own Opportunity

About the tenant-buyers:

Samuel and Betty are a hard-working married couple with five kids (16, 9, 5, 2 and 11 months).  This couple have been looking at buying their own home to settle down in and provide stability to their family but need a few years to pay down a family car loan to bring their debt ratios in line for the banks.  The couple fell in love with this newer, great starter home and are looking for our rent-to-own program to help them bridge the gap until they can qualify for their own mortgage. The couple have $30,000 for a down payment on this $565,000 property.


The couple has a total household income of $160,223.  Samuel works two full-time jobs and has one part-time job.  His full-time jobs are with Caron Heating as an HVAC Installer.  He has worked with Caron since 2021. Francis Plumbing & Heating is his second full-time job.  He works as an HVAC technician for Francis and has been with the company since 2020.  Samuel also works at Farmboy part-time as a Customer Service Representative.  He has been with Farmboy since May 2023 and does about 12 hours a week in this capacity.  Combined, he earns $96,604.  Betty works as a Kitchen Manager with Cite Parkway Retirement Residence.  She has been in this role since early 2022.  She earns $63,619 annually.


Samuel and Better have  good credit. Samuel has a score of 665 and Betty  has a score of 585.  They need a little time to pay down a brand new car loan and will be working with a Clover Properties-approved mortgage broker to become mortgage-ready in 2027.


Samuel and Betty have fallen in love with this freehold town in the Ottawa community of Avalon. This stunning 2021 built Mattamy LILAC model has been meticulously maintained & upgraded from top to bottom! Located moments away from the exceptional schools, parks, & Avalon West amenities!  This property has 3-bedrooms, 3-bath with upstairs laundry.  The TARION warranty is almost completely available since this property is just a year and a bit old.

Next Steps

If you can qualify for a $452,000 mortgage and want to enjoy $1,001 in cashflow each month,  please click the button below to indicate your interest in helping Samuel and Betty Rent-to-Own their home.



Deal Summary:

Term: 4 years

Purchase Price:  $565,000

Estimated Investment Required: $107,500

Estimate ROI: 28% (based on 6.94% and a 4-year deal)

Estimate Returns: $119,053

TB Down Payment: $30,000

Numbers Summary:

Monthly Payment: $4,560

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $1,001

Future Purchase Price: $690,791 (after four-years)