Quinte West Rent-to-Own Opportunity

About the tenant-buyers:

Joe and Carrie are a married couple with three kids (14, 15, 18).  The couple is trying to make a fresh start after a bankruptcy, while at the same time trying to give their kids more stability. The couple owned their own concrete foundation company from 2017 to 2020.  They were forced into unionizing for the employees which created a financial strain on the company that they could not overcome.  Finally, in 2020, the couple filed bankruptcy and dissolved the company.  It was heart-breaking for them as they had worked so hard to keep it going but bankruptcy turned out to be the only option.

The couple has always lived in Trenton, Ontario and would like to own a home near their kids’ high school, while still being within a 30-minute drive to work. They have saved $40,000 towards their down payment and will need four years to become mortgage-ready.


The couple has a total household income of $118,416. Joe and Carrie work for Nicholson Bros. Concrete and Construction, a 30-year old company offering full-service equipment rental, excavating, concrete forming & finishing and landscaping services. Joe has been with the company since 2020 and works as a Crew Supervisor. He earns $73,216 annually. Carrie is employed as a receptionist. She has been with the company since 2022 and earns $41,600 annually. They also receive child benefits of $3,600 annually.


The couple have not accumulated any debt since they were discharged from their bankruptcy in 2021. Joe’s credit score is good (697). Carrie’s credit score is low, as it was her name on the company that filed the bankruptcy, (527) and she will work with Clover Properties-approved mortgage broker to help her re-establish her credit over the next 4 years.


Carrie and Joe fell in love with a detached property located right off of the Trent River in Quinte West.  The house has 4-bedrooms plus den and 3 bathrooms. The house has a full eat-in kitchen, great room with dual access to the large, private backyard backing on to the Trent River.  The 401 is about 15 minutes away. With Joe’s construction background, he sees the potential in this property and is comfortable putting in sweat equity to make cosmetic updates and build some equity.

Next Steps

If you can qualify for a $328,000 mortgage and want to enjoy $455 in cashflow each month, please click the button below to indicate your interest in helping Joe and Carrie Rent-to-Own his own home.



Deal Summary:

Term: 4 years

Purchase Price:  $410,000

Estimated Investment Required: $68,320

Estimate ROI: 31% (based on 6.89% and a 4-year deal)

Estimate Returns: $84,080

TB Down Payment: $40,000

Numbers Summary:

Rent-to-Own Monthly Payment: $3,025

Condo Fee: $0 (tenants will pay this)

Monthly Cash Flow: $455

Future Purchase Price: $506,165 (after four-years)