Ottawa Rent-to-Own Opportunity

About the tenant-buyers:

Natalie is a divorced mom of a 3-year old.  She has been renting since the divorce and has decided that it is time to get back into home ownership as she doesn’t like paying rent and not having any chance at building equity.  Natalie took steps to improve her situation in 2023 with a new employment position and now wants to jump back into home ownership.  Natalie has saved a $20,000 down payment.


Natalie works for Blanchard and has been there since January, 2023.  She is a Senior Accountant with Blanchard and earns an annual income of $75,000.  As part of her divorce, her ex pays child support in the amount of $18,000 annually and she receives $6,000 as part of the Government Child Benefits.


Natalie’s credit score is decent, currently at 610.  She needs a four-year term to improve her credit and pay down a car loan but will be will receive guidance from a Clover Properties-approved mortgage agent to ensure she is mortgage-ready in 2027.


Natalie has fallen in love with an 3rd floor condo-unit in Hamilton, Ontario.  This property is very close to all amenities including the 403, 407, GO Train and is located about 20 minutes from Burlington and downtown Hamilton.  Open concept with generous master bedroom and 4-piece bath, upgraded kitchen with SS appliances and in-suite laundry.

Next Steps

If you can qualify for a $391,110 mortgage and want to enjoy $895 in cashflow each month, please click the button below to indicate your interest in helping Natalie Rent-to-Own their own home.



Deal Summary:

Term: 3 years

Purchase Price:  $519,000

Estimated Investment Required: $97,400

Estimate ROI: 29% (based on 6.24% and a 3-year deal)

Estimate Returns: $84,207

TB Down Payment: $30,000

Numbers Summary:

Rent-to-Own Monthly Payment: $4,116

Condo Fee: $0(tenants will pay this)

Monthly Cash Flow: $1,092

Future Purchase Price: $610,247 (after three-years)