1252 8 Avenue South
Lethbridge, Alberta T1J1R1
2 beds• 1 bath• 1,116 sqft
Description
Charming 1906 bungalow in the heart of London Road! This character home offers 1,116 sq ft of living space with 2 bedrooms and a flexible layout that allows for a potential third bedroom. Set on a DOUBLE LOT, the property provides plenty of outdoor space and future potential.Located in one of the city’s most desirable neighbourhoods, you’re just steps from parks, schools, and the hospital, with all the charm and convenience London Road is known for. This home features classic character details and is ready for your personal touch.A great opportunity for first-time buyers, investors, or anyone looking to get into a sought-after area with room to grow. (id:39198)
Facts & Features
● Building Type
House
● Year built
1906
● Square Footage
1,116 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
4
● Neighbourhood
London Road
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
1 day
Brokerage Name: Grassroots Realty Group
Home price
$325,000
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
$2,917/month
The payment includes
Rent
$2,533
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$384
Each month, $384 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
$376,228
Cumulative Down Payment
$18,811
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,811
Buyback Price
$341,250
Cumulative Down Payment
$9,604
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,604
Buyback Price
$358,313
Cumulative Down Payment
$14,208
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,208
Buyback Price
$376,228
Cumulative Down Payment
$18,811
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,811
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
$2,917/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
Recently Listed Homes in Lethbridge, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.