1827 16 Avenue South
Lethbridge, Alberta T1K0Z3
3+2 beds• 2 baths• 952 sqft
Description
This legally suited bungalow is perfect for living up and renting down or adding two doors to your existing portfolio! Step inside the main floor and you'll find a living room with large bright windows and plenty of room for seating. The adjoining dining room leads into a U-shaped kitchen with convenient cupboard space and access to the lower level. Down the hallway, three bedrooms, a laundry room, and a full four-piece bathroom complete the main floor. In the lower suite, an open-concept living room, separate laundry room, and kitchen can be found down the hall from two spacious bedrooms and another full bathroom. Outside, a single detached garage, rear parking pad, and two storage sheds add tons of appeal for your tenants. If an ideal rental property is what you've been waiting for, give your REALTOR® a call and book a showing today! (id:39198)
Facts & Features
● Building Type
House
● Year built
1958
● Square Footage
952 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
2
● Parking
2
● Neighbourhood
Agnes Davidson
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
69 days
Home price
$440,000
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
$4,025/month
The payment includes
Rent
$3,444
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$582
Each month, $582 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
$509,355
Cumulative Down Payment
$25,936
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,936
Buyback Price
$462,000
Cumulative Down Payment
$11,979
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,979
Buyback Price
$485,100
Cumulative Down Payment
$18,957
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,957
Buyback Price
$509,355
Cumulative Down Payment
$25,936
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,936
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
$4,025/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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