Bank-Owned Properties for Sale Listings

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House for sale: 35 CANAL BANK ROAD, Port Colborne

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$534,900

35 Canal Bank Road, Port Colborne (877 - Main Street), Ontario L3K 2M6

2 beds
2 baths
248 days

main st Located in the heart of Port Colborne, this is a well maintained century home (first one built on Canal Bank Rd!) overlooking the canal on a quiet, dead-end street with beautiful canal views from almost every window! While maintaining a timeless aesthetic and old world charm, this home

2645 ALTA VISTA DRIVE, Ottawa

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$149,000

2645 Alta Vista Drive, Ottawa (3801 - Ridgemont), Ontario K1V 1A3

0 beds
0 baths
149 days

Turn right onto Alta Vista Drive from Bank Street. An incredible opportunity awaits with this well-established, family-owned restaurant that has been a local favorite for 50 years. Known for its rich history, loyal customer base, and signature recipes, this restaurant has become a staple in

Row / Townhouse for sale: 318 WIDGEON WAY, Ottawa

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$649,999

318 Widgeon Way, Ottawa (2605 - Blossom Park/Kemp Park/Findlay Creek), Ontario K1T 0G1

3 beds
3 baths
22 days

Bank St/White Alder Ave Bright 3-Bedroom Townhome with Fireplace, Park Views & 2 Driveway Parking Spaces in Findlay Creek! Discover this spacious 1,868 sqft townhome, including 374 sqft of finished lower level, backing onto Turtle Park with no rear neighbours! The open-concept main floor features

House for sale: 1413 BLACKHORSE COURT, Ottawa

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$4,750,000

1413 Blackhorse Court, Ottawa (8005 - Manotick East to Manotick Station), Ontario K4M 0A6

6 beds
6 baths
48 days

Bank St to Mitch Owens Rd, left on Dozois Rd, left on Gough Rd, left on Duchess Cres and right on Blackhorse Court. Magnificent MANSION in Rideau Forest! This stunning FULLY FURNISHED estate (approximately 10,000 sq. ft.) is situated on a 2.45-acre lot in the prestigious Rideau Forest neighborhood.

House for sale: 395413 COUNTY ROAD, Amaranth

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$1,600,000

395413 County Road, Amaranth (Rural Amaranth), Ontario L0N 1S5

4 beds
3 baths
59 days

County Rd 12/ Hwy 89 This 4-Bedroom Home Is Situated On 92 Expansive Acres, Offering A Fantastic Opportunity For Those Seeking Privacy, Space, And Potential. Located Just 2 Kilometers South Of Highway 89, The Property Provides A Peaceful Rural Setting With Easy Access To Nearby Amenities. The

Other for sale: 4441 STAGECOACH ROAD, Ottawa

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$714,999

4441 Stagecoach Road, Ottawa (1606 - Osgoode Twp South of Reg Rd 6), Ontario K0A 2W0

6 beds
4 baths
15 days

Bank St. (County Rd. 31) South of Vernon (north of Winchester) to Belmeade Rd., west on Belmeade to Stagecoach Rd., turn north, 1st house on east side of Stagecoach. Welcome to 4441 Stagecoach Road, a meticulously updated 6-bedroom, 3.5-bathroom home on a peaceful 1-acre lot in Reids Mills,

House for sale: 661 NETLEY CIRCLE, Ottawa

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$1,039,900

661 Netley Circle, Ottawa (2605 - Blossom Park/Kemp Park/Findlay Creek), Ontario K1T 0A4

4 beds
4 baths
66 days

Take Bank Street south past Leitrim Road to Findlay Creek Drive to Left on Netley Circle. For those looking for the ease of living in a bungalow, but with a LOFT with over 3700 feet of finished living space. Located on a very quiet circle in Findlay Creek, this home sits on a 50' x 128' fenced,

House for sale: 114 NODEN CRESCENT, Clarington

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$1,090,000

114 Noden Crescent, Clarington (Newcastle), Ontario L1B 0L2

4 beds
3 baths
127 days

Pedwell / Highway 2 Beautiful Conner lot With 4 Bedroom House with combined with eat in kitchen. Walkout through Kitchen to Backyard. No Side Walk, park 4 cars parking in driveway! Minutes Away from Great Schools, Parks, Shopping, Restaurants, Bank & community center. hot water tank owned.

Apartment for sale: 902 - 29 QUEENS QUAY E, Toronto

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$739,900

902 - 29 Queens Quay E, Toronto (Waterfront Communities C8), Ontario M5E 0A4

2 beds
2 baths
142 days

East Yonge/Queens Quay East **Located directly on the waterfront steps from Yonge Street** Upscale low rise building. One Bedroom + den (currently used as baby's room). Two full washrooms. 10 foot smooth ceilings. Floor to-ceiling windows. Glass balcony. Kitchen has high end Miele gas cooktop,

House for sale: 1309 Mackinnon Rd, Pender Island

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$5,800,000

1309 Mackinnon Rd, Pender Island, British Columbia V0N 2M1

7 beds
3 baths
189 days

Low bank, walk-on beaches on the Gulf Islands are exceedingly rare. Privately owned islands here are arguably rarer. To feature BOTH on one property makes this truly the most unique of offerings. ''Waterlea,'' as it is affectionately known is made up of roughly 3.5 acres of low bank waterfront.

Apartment for sale: 208 38 Front St, Nanaimo

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$429,900

208 38 Front St, Nanaimo, British Columbia V9R 0B8

1 beds
1 baths
16 days

Sunny Mt. Benson & downtown street views from one of the biggest 1 bedroom balconies & condo layouts in Nanaimo's prestigious downtown Nanaimo waterfront building, Pacifica. Concrete & steel construction ensures lasting investment value & peaceful living. Finished with new hardwood flooring

House for sale: 29 KINGSDOWN DRIVE, Toronto

36 photos

$2,390,000

29 Kingsdown Drive, Toronto (Ionview), Ontario M1K 3B9

4 beds
4 baths
66 days

KENNEDY / EGLINTON Amazing Huge Custom Built 2-Storey House. Double car garage. Large Eat-In Kitchen. 4 Bedrooms. 200 Amp Hydro Panel. Located In Toronto Nice Family Neighbourhood. A Four Seasons Solarium Inviting Ample Natural Light Through Large Windows. Truly An Extra Unique Opportunity

House for sale: 317 MACEDONIA CRESCENT, Mississauga

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$1,599,900

317 Macedonia Crescent, Mississauga (Fairview), Ontario L5B 3J7

7 beds
4 baths
71 days

Burnhamthorpe/Confederation Immaculate Detached ((4 Bdrm + 4 W/R)) ((3 Bdrm Finished Bsmt w/ Rental potential $2200)) Year old Engineered Wood Floor Living, Dining, Family & 2nd Level// New Pot lights -out Main + 2nd Level// Neutral Paint thru-out Main + 2nd Level// Spacious Sun-Filled Family

Mobile Home for sale: 506 RAINDANCE COURT, West Vancouver

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$355,000

506 Raindance Court, West Vancouver, British Columbia V7P 3K1

3 beds
1 baths
22 days

Discover the ideal retreat created exclusively for those AGED 55 and older to ensure a serene and mature living setting. Please be aware that this community is designed specifically for adults and does NOT permit children as residents. As the complex is a leasehold land owned by the Squamish

83 S SECOND AVENUE, Williams Lake

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$6,749,999

83 S Second Avenue, Williams Lake, British Columbia V2G 3W3

0 beds
0 baths
77 days

Situated in the heart of Williams Lake, BC, Hodgson Place Mall offers convenient accessibility to various amenities, services, and transportation routes. The property boasts a mix of over 48,000 square feet of retail and office space anchored by the Bank of Montreal, with a variety of quality

House for sale: 8 Aline Hills Lake, Shuswap Lake

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$379,000

8 Aline Hills Lake, Shuswap Lake, British Columbia V0E 2V1

4 beds
3 baths
24 days

Beautiful Boat-Access Cottage on Shuswap Lake.Discover the ultimate lakeside retreat with this charming boat-access cottage just minutes from the Narrows and a 20-minute ride from Sicamous. Nestled on the west side of Shuswap Lake, this property enjoys morning sunshine and evening shade, creating

House for sale: 22 KING ST E, Lansdowne Village

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$299,900

22 King St E, Lansdowne Village (03 - Lansdowne Village), Ontario K0E 1L0

2 beds
1 baths
26 days

Highway 2 East of Gananoque or Exit 659 from 401, head north to Lansdowne to top of hill, turn right Backing onto conservation, this sweet little Village of Lansdowne property features a beautiful backyard with an above ground pool. Open concept kitchen, living and dining room make for easy

Apartment for sale: 705 - 311 RICHMOND STREET E, Toronto

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$544,900

705 - 311 Richmond Street E, Toronto (Moss Park), Ontario M5A 4S8

1 beds
1 baths
91 days

Richmond/Sherbourne Feel rich on Richmond! Without breaking the bank! Welcome to this beautifully updated 1-bedroom, 1-bathroom condo at 311 Richmond Street East Suite 705. Move right in without lifting a finger! Perched high up above Richmond Street East, this unit is in a well-managed boutique

Apartment for sale: 1216 - 19 BATHURST STREET, Toronto

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$575,000

1216 - 19 Bathurst Street, Toronto (Waterfront Communities C1), Ontario M5V 0N2

1 beds
1 baths
29 days

Lakeshore Blvd & Bathurst St Very nice 1 bedroom, 1 bath, corner unit at the waterfront Lakeview Condos! Freshly painted throughout and includes 1 parking space (owned & deeded) very close to elevator! Very efficient & workable layout that maximizes space. Very clean, bright & spacious with

House for sale: 201 GEORGE STREET E, North Grenville

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$319,000

201 George Street E, North Grenville (801 - Kemptville), Ontario K0G 1J0

1 beds
1 baths
30 days

From Sanders street follow to George Street East. Turn left and follow to 201. Sign on lawn Cozy little house located in the quaint old town area of downtown Kemptville very close to many amenities within walking distance. To note a few, local grocery store, the library, several Churches and

House for sale: 1622 Brunt Rd, Nanoose Bay

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$1,579,000

1622 Brunt Rd, Nanoose Bay, British Columbia V9P 9C7

3 beds
2 baths
2 days

Rare Nanoose Bay Walk-On-Waterfront overlooking Wall Beach! Perched mid-bank with a short path to the beach, enjoy swimming, kayaking, sunrises, wildlife and make lasting memories for generations to come. This lovely home features 3 beds and 2 baths, gorgeous Ocean Views of the Strait of Georgia,

Residential Commercial Mix for sale: 479-495 Notre Dame, Sudbury

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$899,900

479-495 Notre Dame, Sudbury, Ontario P3C 5K9

0 beds
0 baths
16 days

Great investment opportunity with multi use commercial and residential building in prime sudbury location. Location is trafficked and highly visible from the main street. Residential portion of property is currently used as a rooming house with 13 separate tenants, leased on a month to month

No Building for sale: 4918 51 AV, Wildwood

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$29,900

4918 51 Av, Wildwood, Alberta T0E 2M0

0 beds
0 baths
107 days

Located in downtown Wildwood, AB this vacant lot is 0.31 acres and zoned Urban Service District. This enables the potential for a variety of uses - medium scale commercial, lodging, privately owned institutional uses. With its proximity to a bank, restaurant, gas stations, this location is

House for sale: 92 EASTVILLE AVENUE, Toronto

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$1,039,000

92 Eastville Avenue, Toronto (Cliffcrest), Ontario M2M 2N9

4 beds
2 baths
17 days

KINGSTON RD / EASTVILLE AVE Welcome to 92 Eastville Ave, Located in the Heart of Cliffcrest, Walking Distance to Bluffer's Park Beach, Yacht Club and Trails, Located South of Kingston Rd. You will love this Cozy Two Bedroom Bungalow W/ Hardwood floors throughout, Walk-out to deck from Main

Recreational for sale: 197, 200 4th Avenue SW, Sundre

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$170,000

197, 200 4th Avenue Sw, Sundre, Alberta T0M 1X0

1 beds
1 baths
217 days

RIVERSIDE RV PARK in Sundre. A great summer home or a weekend retreat. This unit is located in phase 5 which is the most private part of the park and probably the largest lot as well. Backs onto a year round spring fed creek and common condo land. Very private. The Rv is a 1997 park model

Understanding Bank-Owned Properties

In the realm of real estate, bank-owned properties have become a significant area of interest for investors and homebuyers alike. These properties, often referred to as REO (Real Estate Owned) properties, are homes that have reverted to the bank's ownership after an unsuccessful foreclosure auction. Understanding the dynamics of bank-owned properties can open up opportunities for acquiring real estate at potentially lower prices.

What Are Bank-Owned Properties?

Bank-owned properties are homes that have been foreclosed upon and are now owned by the bank. When a homeowner fails to make mortgage payments, the lender initiates a foreclosure process. If the property does not sell at auction, it becomes a bank-owned property. These properties are then listed for sale by the bank, often at a discount, to recover the outstanding loan balance.

Advantages of Purchasing Bank-Owned Properties

One of the primary advantages of purchasing a bank-owned property is the potential for a lower purchase price. Banks are typically motivated to sell these properties quickly to minimize holding costs and recover their investment. This can lead to significant savings for buyers. Additionally, bank-owned properties are usually vacant, allowing for immediate occupancy or renovation.

Challenges in Buying Bank-Owned Properties

While there are advantages, there are also challenges associated with buying bank-owned properties. These homes are often sold "as-is," meaning the bank will not make any repairs before the sale. Buyers must be prepared to invest in necessary repairs and renovations. Furthermore, the process of purchasing a bank-owned property can be more complex and time-consuming than a traditional home purchase.

Exploring Bank-Owned Listings

For those interested in exploring bank-owned properties, there are numerous listings available across various locations. For instance, potential buyers can find a bank-owned house that might suit their needs. In urban areas, such as Ottawa, there are options like an apartment near Bank Street and Ottawa University, which could be ideal for students or professionals.

Bank-Owned Properties in Different Regions

Bank-owned properties are not limited to a single region. In Mississauga, for example, there are listings such as bank-owned properties in Mississauga that offer opportunities for investment in a thriving city. Similarly, in Regina, potential buyers can explore options like bank-owned properties in Regina, which may offer unique investment opportunities.

Opportunities in Smaller Communities

Smaller communities also present opportunities for purchasing bank-owned properties. For instance, Conquerall Bank offers listings that might appeal to those looking for a quieter lifestyle. Similarly, Grand Bank provides options for buyers interested in properties within a close-knit community.

Bank-Owned Properties in Major Cities

Major cities like Montreal also have a range of bank-owned properties available. Interested buyers can explore listings such as bank-owned properties in Montreal, which offer the potential for investment in a bustling urban environment. In Ottawa, there are multiple options, including an apartment on Ottawa Bank and properties along Bank Street.

Considerations for Buyers

When considering the purchase of a bank-owned property, buyers should conduct thorough research and due diligence. It is essential to understand the local real estate market and assess the condition of the property. Engaging a real estate agent with experience in bank-owned properties can provide valuable insights and assistance throughout the buying process.

Financing Bank-Owned Properties

Financing a bank-owned property can differ from traditional home purchases. Buyers should be prepared to provide proof of funds or obtain pre-approval for a mortgage. Some banks may offer financing options for their REO properties, which can simplify the process for buyers.