637 11 Street North
Lethbridge, Alberta T1H2E6
3 beds• 2 baths• 958 sqft
Description
This charming 958 sq/ft bungalow offers a fantastic blend of comfort, functionality, and value, complete with a detached garage and a spacious layout suited for a variety of lifestyles. The main floor features three well-sized bedrooms, warm hardwood flooring, a cozy living room, and a bright, spacious kitchen with just the right amount of cabinetry. The home also includes a generous one-bedroom illegal basement suite with its own living space and shared laundry—ideal for extended family or additional income potential. Outside, the large yard provides plenty of room to relax, garden, or play, with schools, parks, and playgrounds all within walking distance. Recent updates add peace of mind, including shingles on the home replaced approximately five years ago and on the garage just one year ago. This is a wonderful opportunity to own a versatile property in a family-friendly location. (id:39198)
Facts & Features
● Building Type
House
● Year built
1955
● Square Footage
958 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
4
● Neighbourhood
Senator Buchanan
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
5 days
Brokerage Name: RE/MAX REAL ESTATE - LETHBRIDGE
Home price
$369,000
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
$3,336/month
The payment includes
Rent
$2,882
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$454
Each month, $454 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
$427,164
Cumulative Down Payment
$21,358
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,358
Buyback Price
$387,450
Cumulative Down Payment
$10,453
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,453
Buyback Price
$406,823
Cumulative Down Payment
$15,905
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,905
Buyback Price
$427,164
Cumulative Down Payment
$21,358
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,358
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
$3,336/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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