Lethbridge, Alberta T1J3K3
1 bed• 2 baths• 871 sqft
Located in South Lethbridge, this property offers a practical opportunity for buyers looking to offset living costs or add a flexible income property to their portfolio. Configured with an illegal suite, the home features a one bedroom main floor layout with the potential to convert back to two bedrooms, along with two bedrooms downstairs, with separate kitchens and living spaces on each level that allow for a variety of living or rental arrangements. The main floor opens into a bright, wrap around living space where a sliding patio door at the back brings in plenty of natural light and provides access to the yard. Just off the living space is a four piece bathroom and a primary bedroom, positioned for privacy from the main area. The layout also allows for the option to reintroduce a wall and create an additional bedroom depending on the needs of the next owner. The kitchen offers a functional layout for everyday living, with access to a side entrance that leads to the basement level, creating a convenient setup for a separate living space. Downstairs, the illegal suite includes its own living room, full kitchen, two bedrooms, and a three piece bathroom with a stand up shower. With a self contained layout and separate entry, the space offers flexibility for extended family or tenants. Outside, the backyard provides room to enjoy while the single detached garage adds valuable storage and parking, along with additional off street parking for multiple vehicles. Situated at 536 21 Street South, the home is close to schools, shopping, transit routes, and everyday amenities, with quick access to Mayor Magrath Drive for easy travel across the city. With its illegal suite configuration, value add potential on the main floor, and flexible layout, this property presents a practical option for buyers looking to combine homeownership with income potential in South Lethbridge. (id:39198)
● Building Type
House
● Year built
1950
● Square Footage
871 sqft
● Stories
1
● Bedrooms
1
● Bathrooms
2
● Parking
1
● Neighbourhood
Upper Eastside
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
16 days
Home price
$389,490
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
$3,531/month
The payment includes
Rent
$3,044
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$487
Each month, $487 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
$450,883
Cumulative Down Payment
$22,544
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,544
Buyback Price
$408,965
Cumulative Down Payment
$10,848
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,848
Buyback Price
$429,413
Cumulative Down Payment
$16,696
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,696
Buyback Price
$450,883
Cumulative Down Payment
$22,544
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,544
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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