39 Meadowlark Boulevard North
Lethbridge, Alberta T1H4R4
2+1 beds• 2 baths• 861 sqft
Description
This 861 sq ft home offers a strong revenue setup with a 2-bed, 1-bath main-floor unit and an additional 1-bed, 1-bath illegal basement suite, each with its own private entrance and separate laundry. The main floor features new vinyl plank flooring thru out and updated windows along with a front balcony and a side patio for outdoor space. A 22×24 insulated and poly-wrapped detached garage is also rented out, adding another steady income stream. The home is in good condition throughout and sits directly across from a school, making it an appealing live-up/rent-down opportunity, student housing (20 minutes' drive from college or university) or a turnkey investment property with multiple revenue sources. Lower tenant would like to stay if possible. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1976
● Square Footage
861 sqft
● Stories
--
● Bedrooms
2+1
● Bathrooms
2
● Parking
2
● Neighbourhood
Park Meadows
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
105 days
Home price
$339,900
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
$3,059/month
The payment includes
Rent
$2,651
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$408
Each month, $408 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
$393,477
Cumulative Down Payment
$19,674
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,674
Buyback Price
$356,895
Cumulative Down Payment
$9,891
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,891
Buyback Price
$374,740
Cumulative Down Payment
$14,783
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,783
Buyback Price
$393,477
Cumulative Down Payment
$19,674
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,674
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
$3,059/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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