Bank Owned House

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House for sale: 35 CANAL BANK ROAD, Port Colborne

40 photos

$539,900

35 Canal Bank Road, Port Colborne, Ontario L3K 2M6

2 beds
2 baths
114 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

House for sale: 30 GILL ROAD, Lambton Shores (Grand Bend)

40 photos

$1,299,700

30 Gill Road, Lambton Shores (Grand Bend), Ontario N0M 1T0

4 beds
3 baths
40 days

MAP to 30 Gill Rd, Grand Bend, ON: Ideally located close to GB Elementary School, shopping, the post office, TD bank, and most importantly, GRAND BEND'S FAMOUS MAIN BEACH! 2024 HOME IN GRAND BEND | SPECTACULAR FINISHES & INCREDIBLE QUALITY | STEPS TO BEACH, SCHOOL, SHOPPING & MORE | BEST CURB

House for sale: 1309 Mackinnon Rd, Pender Island

51 photos

$5,800,000

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

7 beds
3 baths
55 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.

House for sale: 54 DUNBLAINE CRESCENT, Brampton (Southgate)

40 photos

$924,000

54 Dunblaine Crescent, Brampton (Southgate), Ontario L6T 3H2

4 beds
2 baths
89 days

Balmoral/Deloraine Great family home in desirable area on large 55' x 115' lot; no house at back. Backyard gate opens to Balmoral Drive, gives access by short walk to all amenities Public and Catholic Elementary schools, Southgate Plaza with grocery store and bank, Earncliffe recreation centre;

House for sale: 86 RIDGE ROAD E, Grimsby (055 - Grimsby Escarpment)

38 photos

$2,599,900

86 Ridge Road E, Grimsby (055 - Grimsby Escarpment), Ontario L3M 4E7

4 beds
3 baths
26 days

Mountain/Ridge Rd E Sprawling 4.6 Acres!Rare Find,Very Private Nature Lovers Dream.Prime Grimsby Mountain On The Edge of Niagara Wine Country.Quality Built 3389SqFt, 2Stry Brick Home w/Att 3 Car Garage w/Inside Entry to MainFlr &2nd Entry to LwrLvl. Insulated Brick Workshop w/3Bay Drs,Hydro

House for sale: 86 RIDGE Road E, Grimsby

50 photos

$2,599,900

86 Ridge Road E, Grimsby, Ontario L3M 4E7

4 beds
3 baths
26 days

QEW to Christie St exit, follow to Ridge Rd East. Sprawling 4.6 Acres!Rare Find,Very Private Nature Lover’s Dream.Prime Grimsby Mountain On The Edge of Niagara Wine Country.Quality Built 3389SqFt, 2Stry Brick Home w/Att 3 Car Garage w/Inside Entry to MainFlr &2nd Entry to LwrLvl. Insulated

House for sale: 81 CEDAR CREST BEACH ROAD, Clarington (Bowmanville)

39 photos

$1,150,000

81 Cedar Crest Beach Road, Clarington (Bowmanville), Ontario L1C 4B2

2 beds
2 baths
4 days

Liberty and 401 Waterfront! Rare opportunity to own an exceptional custom built home in one of Bowmanville's most exclusive communities! Enjoy your morning coffee to a symphony of waves & bird songs in this private oasis surrounded by water and lush greenery. Spectacular ever changing water

House for sale: 22 KING ST E, Leeds & the Thousand Islands

19 photos

$325,000

22 King St E, Leeds & the Thousand Islands, Ontario K0E 1L0

2 beds
1 baths
16 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

House for sale: 108 OAK LAKE ROAD, Quinte West

34 photos

$599,000

108 Oak Lake Road, Quinte West, Ontario K0K 3E0

3 beds
1 baths
68 days

Foxboro- Stirling Rd & Oak Lake Rd Welcome to a beautiful fully furnished retreat on sought-after Oak Lake. This waterfront cottage is nestled among trees and lush greenery and offers 3 bedrooms, 4pc bathroom, with a cozy living space by the fireplace and a spacious dining room to entertain

House for sale: 92 EASTVILLE AVENUE, Toronto (Cliffcrest)

29 photos

$1,039,000

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

4 beds
2 baths
16 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

House for sale: 730 LONGWORTH AVENUE, Clarington (Bowmanville)

40 photos

$1,369,000

730 Longworth Avenue, Clarington (Bowmanville), Ontario L1C 0C7

5 beds
4 baths
126 days

Bowmanville Ave/Longworth Ave Executive Home On A Professionally Landscaped Ravine Lot. Backyard Oasis with Interlocking Stones and Wooden Deck Backs Onto Forested Creek. The Renovated Kitchen Features A Waterfall Quartz Peninsula, Farmhouse Sink, Butcher Block Counters, S/S Appliances And

11449 HIGHWAY 62 ROAD, Madoc

40 photos

$1,100,000

11449 Highway 62 Road, Madoc, Ontario K0K 2K0

6 beds
1 baths
1 day

Take Hwy 62 north from Belleville or south from Madoc to #11449 Highway 62 Lovely Farm / Home / Barns / multiple outbuildings / approx 60 acres of Land, approx 45 acres of that workable, balance in Maple Bush approx 250 taps. A very well kept and pretty farm. Currently owned by an Amish family

780 KING STREET W, Gananoque

36 photos

$3,500,000

780 King Street W, Gananoque, Ontario K7G 2H5

0 beds
60 baths
61 days

King St W (Hwy 2) & Garfield St Colonial Resort, 1000 Islands - an independently owned and operated, 54 Guest Rooms and 4 BR Apartment for the Owner/Manager to stay. The resort has indoor and outdoor Swimming pool, in-house Restaurant (currently closed), LLBO permit and sitting capacity of

Bank-Owned Houses

Looking for a great deal on a house? Check out our selection of bank-owned houses. These properties are owned by banks as a result of foreclosure proceedings. They are often sold at a discounted price, making them a great option for buyers looking to save money on their next home purchase.

What is a Bank-Owned House?

A bank-owned house, also known as a REO (real estate owned) or foreclosed house, is a property that has been repossessed by a bank after the previous owner failed to make their mortgage payments. The bank then becomes the owner of the property and is responsible for selling it. Bank-owned houses can be a great opportunity for buyers, as they are often priced below market value.

Why Buy a Bank-Owned House?

Buying a bank-owned house can be a smart financial decision. These properties are often priced below market value, making them a great option for buyers looking to save money. Additionally, banks are motivated to sell these properties quickly, so buyers may be able to negotiate a lower price. However, it's important to keep in mind that bank-owned houses may require some repairs or renovations, so buyers should be prepared for additional expenses.

Overall, if you're in the market for a new home and looking to save money, a bank-owned house may be a great option for you. Check out our selection of bank-owned houses today!