1249 5a Avenue South
Lethbridge, Alberta T1J0T3
3 beds• 1 bath• 1,002 sqft
Description
Prime London Road investment opportunity! This 1,000+ sq. ft. bungalow offers 3 bedrooms, 1 bathroom, 10-ft ceilings, spacious layout, and ample storage, set on a fully fenced 6,200+ sq. ft. lot with paved rear lane access and excellent potential for future garage development. Priced to reflect updates needed, this home is an ideal opportunity for buyers looking to build equity, investors, or those who are handy and want to customize a home in a highly desirable location. The functional layout and generous floor space provide a solid foundation for renovation, while the lot size and location add long-term value and potential. Appliances include a gas stove, fridge, washer and a newer dishwasher and dryer. Conveniently located close to parks, schools, shopping, and amenities. Here’s a smart opportunity to add value and maximize potential in one of the city’s most established neighbourhoods. (id:39198)
Facts & Features
● Building Type
House
● Year built
1910
● Square Footage
1,002 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
1
● Parking
--
● Neighbourhood
London Road
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Partial
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: SUTTON GROUP - LETHBRIDGE
Home price
$279,900
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$2,545/month
The payment includes
Rent
$2,234
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$311
Each month, $311 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$324,019
Cumulative Down Payment
$16,201
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,201
Buyback Price
$293,895
Cumulative Down Payment
$8,734
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,734
Buyback Price
$308,590
Cumulative Down Payment
$12,467
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,467
Buyback Price
$324,019
Cumulative Down Payment
$16,201
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,201
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$2,545/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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