Peterborough Rent-to-Own Opportunity

About Peterborough, ON:

Peterborough 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, Peterborough remains more affordable compared to major urban centers, 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 Peterborough 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:

Scott is a reputable contractor who owns and operates a thriving renovation business in the Peterborough area. He understands first-hand how fast prices for entry-level homes in Peterborough are rising and is eager to transition from renting to owning. Scott declares a six-figure income, has $20,000 saved for down payment and will need a 4-year Rent-to-Own term to qualify for a mortgage in 2028. He found the perfect move-in ready house to Rent-to-Own and is eager to move forward.


Scott has an annual income of $105,000.  His company is Lomer Renovations, which he has owned and operated since 2018. Scott has a fantastic reputation. His primary clientele are real estate investors (including REIN members) who buy income properties in the Peterborough area that need to be gutted and renovated to maximize rent and after repair value.


Scott’s current credit score is decent (677). It is anticipated to improve as he pays off a few small business expenses over the next four years. He will work with a Clover Properties-approved mortgage professional over the next few years to help ensure he will secure a mortgage in 2028.


Scott has found a great property south of Peterborough in Keene, just 20 minutes from the city centre of Peterborough.. This solid home has been well looked after and has been maintained throughout.  Priced well for the market, this two-bedroom, one-bath home features a large eat-in kitchen that walks up to a cozy family room. The 4-piece bathroom is combined with washer and dryer. The second floor provides two bedrooms and a walk-in closet. Outside, the expansive composite deck is perfect for entertaining and BBQing. A spacious detached double car + garage includes plenty of storage for tools and toys. Nearby are amenities and a community centre that are all within walking distance.

Next Steps

If you can qualify for a mortgage of $359,920 and are interested in a consistent monthly cash flow of approximately $721, click the green button to seize this opportunity!


Deal Summary:

Term: 4 years

Purchase Price:  $449,900

Estimated Investment Required: $92,180

Estimate ROI: 29% (based on 5.99% and a 4-year deal)

Estimate Returns: $106,867

TB Down Payment: $20,000

Numbers Summary:

Monthly Payment: $3,485

Condo Fee: $ 0 (no condo fees)

Monthly Cash Flow: $721

Future Purchase Price: $546,694