2422 16 Street North
Lethbridge, Alberta T1H4P4
2 beds• 3 baths• 1,154 sqft
Description
Bring your imagination along when you consider this fantastic opportunity for your new home. The current owner enjoyed the property and location so much, they stayed for 51 years! Situated in a low-traffic, family-friendly neighbourhood near to schools K through grade 12, arenas, swimming pool, playgrounds, Dominion park, and shopping. The convenience is exceptional. The home is solid, offers many great features, and presents so much potential. 1154 sq. ft., 4 bedrooms and 3 baths in total, spacious primary bedroom with an ensuite and walk-in closet, 2 wood-burning fireplaces, a fully developed basement with a separate door leading to the backyard, and large windows that bring in plenty of natural light. Step out of the dining area directly onto a covered deck that overlooks a spacious, fully fenced back-yard. There is more than enough room to add a large garage, RV parking, or a garden. Notable updates include torch-on roofing, PVC windows, and central A/C. Call a Real Estate Professional today and book your viewing! (id:39198)
Facts & Features
● Building Type
House
● Year built
1974
● Square Footage
1,154 sqft
● Stories
--
● Bedrooms
2
● Bathrooms
3
● Parking
2
● Neighbourhood
Winston Churchill
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
2 days
Brokerage Name: Royal Lepage South Country - Lethbridge
Home price
$339,800
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
$3,058/month
The payment includes
Rent
$2,651
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$407
Each month, $407 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
$393,361
Cumulative Down Payment
$19,668
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,668
Buyback Price
$356,790
Cumulative Down Payment
$9,889
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,889
Buyback Price
$374,630
Cumulative Down Payment
$14,779
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,779
Buyback Price
$393,361
Cumulative Down Payment
$19,668
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,668
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
$3,058/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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