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
145 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: 395413 COUNTY ROAD, Amaranth

4 photos

$1,649,999

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

4 beds
3 baths
12 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

House for sale: 1029 VISTA BARRETT PRIVATE, Ottawa

26 photos

$299,900

1029 Vista Barrett Private, Ottawa (1601 - Greely), Ontario K4P 1C8

2 beds
1 baths
47 days

Albion Road or Bank Street south to Mitch Owens Road, West on Mitch on Mitch Owens and south on Teena Colleen and right on Vista Barrett. Flooring: Tile, Flooring: Hardwood, Welcome to 1029 Visa Barrett in the lifestylecommunity of Albion Sunset in Greely, just a short drive to the quaint village

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
86 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: 201 GEORGE STREET E, North Grenville

21 photos

$319,000

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

1 beds
1 baths
15 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

House for sale: 114 NODEN CRESCENT, Clarington

38 photos

$1,275,000

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

4 beds
3 baths
24 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.

House for sale: 86 RIDGE ROAD E, Grimsby

38 photos

$2,599,900

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

4 beds
3 baths
25 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
57 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: 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
47 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: 92 EASTVILLE AVENUE, Toronto

29 photos

$1,039,000

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

4 beds
2 baths
47 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

40 photos

$1,369,000

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

5 beds
4 baths
157 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
32 days

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
92 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!