1035 12b Street South
Lethbridge, Alberta T1K1R9
2 beds• 2 baths• 872 sqft
Description
Nice cash flowing revenue property close to the hospital. LEGALLY suited with separate front entrance. Huge mature lot. 2 bedrooms up and 2 bedroom suite down. Raised bungalow with tall ceilings in basement. Updates to roof. Maintenance free vinyl siding exterior. Hardwood on main floor. Updated kitchen on main also. With a little TLC the basement suite could bring in a good return as it is walking distance to many amenities. Main floor has rear deck and private yard that is out of sight from the basement suite entry. Small single garage as well and ample off street parking. Good opportunity to get into the rental market as this is a desirable area and this home has had little vacancy over the last 10 years. (id:39198)
Facts & Features
● Building Type
House
● Year built
1949
● Square Footage
872 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
2
● Neighbourhood
Fleetwood
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
19 days
Brokerage Name: Lethbridge Real Estate.com
Home price
$377,500
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
$3,417/month
The payment includes
Rent
$2,949
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$468
Each month, $468 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
$437,003
Cumulative Down Payment
$21,850
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,850
Buyback Price
$396,375
Cumulative Down Payment
$10,617
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,617
Buyback Price
$416,194
Cumulative Down Payment
$16,233
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,233
Buyback Price
$437,003
Cumulative Down Payment
$21,850
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,850
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
$3,417/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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