Toronto Rent-to-Own Opportunity

About the tenant-buyers:

Kimesha is a single-mother motivated to give her 7-year old son a stable home and secure future. To ensure she reached her goal, Kimesha secured a well-paying job. She also hired a Financial Advisor who guided her to save $50,000 towards the down payment. Kamisha will need to Rent-to-Own for four years and will be mortgage-ready in 2028.


Kimesha earned $263,161 in 2022 ($90,000 base plus $160,000 commissions).  She is employed as a store manager at ERA Ageless, an established shop in Bayview Village a high-end mall. ERA Ageless is known for its luxury anti-aging products and Kamisha caters to affluent clientele. She has been employed at ERA Ageless since 2014.


Kimesha has no debt but her credit score is low (540). The low credit is due to _______? During her 4-year Rent-to-Own term, Kamisha will build up her credit while working with a Clover Properties-approved mortgage broker.


Kimesha found a great condo in Toronto that is perfect for her and her son. It is within a half-hour drive to her employment.  It features 2-bedrooms, 1- bathroom and in-suite laundry.  It is close to a school and amenities for her son which is a big priority for her.  The condo is located on major transit lines and is within 15 minutes of the 401. This property has monthly condo fees that include heat, hydro and water . Kamisha will be responsible for paying the monthly condo fees of $692.85.

Next Steps

If you can qualify for a $460,000 mortgage and want to enjoy $849 in cashflow each month,  please click the button below to indicate your interest in helping Kimesha Rent-to-Own their home.



Deal Summary:

Term: 4 years

Purchase Price:  $575,000

Estimated Investment Required: $97,700

Estimate ROI: 33% (based on 6.14% and a 4-year deal)

Estimate Returns: $127,112

TB Down Payment: $50,000

Numbers Summary:

Monthly Payment: $3,968

Condo Fee: $692.85 (tenants will pay this – includes heat, water, hydro)

Monthly Cash Flow: $849

Future Purchase Price: $705,916 (after four-years)