Lethbridge, Alberta T1K7S8
2 beds• 3 baths• 1,517 sqft
Original owner now selling this custom designed raised bungalow in Riverstone! HOME INCLUDES ALL MAJOR FURNITURE(except tv). Nice front porch to enjoy with good curb appeal. Underground sprinklers in the front for your lawn. Welcoming entry with front closet. Main floor features vaulted ceilings with berber carpet in living room. Large windows allow plenty of natural light. Kitchen is large with knotty pine cabinets, composite countertops, and good size pantry. Dining room continues with tile floors and sliding glass doors to deck out back. Main floor also features 2 bedrooms including primary with ensuite that has a jet tub, and separate walk-in shower. There is also another full bathroom on this floor with tub/shower combo. A few steps down to a landing at the rear of the home is another entrance to the oversized(28x30) in-floor heat garage, along with a closet, and laundry closet. Basement is fully developed and features a huge family room, 2 more bedrooms, a large office that could be used as a 5th bedroom, and another full bathroom with tub/shower combo. There is also a storage room, furnace utility room with more storage, and storage under the stairs. Rear of home is a vehicle owners dream as it is complete concrete surface with parking for 6 vehicles, garage access for 2 more vehicles, and of course, back alley access. Home has conveniences of central a/c, an air exchanger, additional hot water storage tank, separate tank for the garage in-floor heat. One of the hot water tanks was replaced in 2023. New architectural roof shingles were put on the house and garage in 2020. (id:39198)
● Building Type
House
● Year built
2002
● Square Footage
1,517 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
3
● Parking
8
● Neighbourhood
Riverstone
● Land size
--
● Heating type
Forced air, In Floor Heating, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
3 days
Home price
$575,000
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
$5,528/month
The payment includes
Rent
$4,513
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$1,016
Each month, $1,016 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$665,634
Cumulative Down Payment
$41,563
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$36,563
Buyback Price
$603,750
Cumulative Down Payment
$17,188
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$12,188
Buyback Price
$633,938
Cumulative Down Payment
$29,376
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$24,376
Buyback Price
$665,634
Cumulative Down Payment
$41,563
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$36,563
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
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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