1707 Lakemount Boulevard South
Lethbridge, Alberta T1K3K5
3 beds• 3 baths• 1,145 sqft
Description
Welcome to 1707 Lakemount Blvd—this beautifully spacious bungalow has been thoughtfully updated and well maintained over the years. Offering excellent versatility, the home features an inviting main floor along with a nicely appointed illegal basement suite complete with a private entrance and its own laundry—ideal for extended family or added income potential.Recent upgrades provide peace of mind, including a new furnace (2018) a new main floor bathtub and updated plumbing (2023), a new basement washer (2024), new main floor washer and dryer (2025), and a new fridge and dishwasher (2026). Step outside to your own private retreat—an inviting backyard oasis featuring a cement patio and charming courtyard-style seating area, perfect for relaxing or entertaining. The property also offers an abundance of parking, including space for an RV, making it as practical as it is inviting. This is a fantastic opportunity to own a move-in ready home in a desirable location with added flexibility and value. (id:39198)
Facts & Features
● Building Type
House
● Year built
1971
● Square Footage
1,145 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
3
● Parking
10
● Neighbourhood
Redwood
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
4 days
Brokerage Name: Grassroots Realty Group
Home price
$509,900
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
$4,803/month
The payment includes
Rent
$3,997
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$806
Each month, $806 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
$590,273
Cumulative Down Payment
$34,027
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$29,027
Buyback Price
$535,395
Cumulative Down Payment
$14,676
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,676
Buyback Price
$562,165
Cumulative Down Payment
$24,352
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$19,352
Buyback Price
$590,273
Cumulative Down Payment
$34,027
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$29,027
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
$4,803/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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Have Questions About Rent-to-Own? Let's Talk.
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