329 12 Street North
Lethbridge, Alberta T1H2G5
2 beds• 1 bath• 723 sqft
Description
Here's an affordable home for those starting out in their real estate journey! This cozy home offers great off-street parking with a large front driveway, there's a sunroom that can be used as a mudroom or a spot to enjoy your coffee in the mornings! Vaulted ceilings in the living room, 2 bedrooms, 4 piece bathroom and a laundry area all surround the kitchen. There's a reverse osmosis system under the kitchen sink and water softener to boot. The backyard is huge thanks to this being on a double lot - an excellent development opportunity down the road for a detached garage or potential duplex! (id:39198)
Facts & Features
● Building Type
House
● Year built
1908
● Square Footage
723 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
2
● Neighbourhood
Senator Buchanan
● Land size
--
● Heating type
Baseboard heaters
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
77 days
Home price
$225,000
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
$2,102/month
The payment includes
Rent
$1,879
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$223
Each month, $223 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
$260,466
Cumulative Down Payment
$13,023
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,023
Buyback Price
$236,250
Cumulative Down Payment
$7,674
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,674
Buyback Price
$248,063
Cumulative Down Payment
$10,349
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$5,349
Buyback Price
$260,466
Cumulative Down Payment
$13,023
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,023
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
$2,102/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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Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.