1305 18 Avenue South
Lethbridge, Alberta T1K1B6
3+2 beds• 2 baths• 1,150 sqft
Description
This well-positioned 5-bedroom suited home offers excellent flexibility and income potential. The main floor features 3 bedrooms, 1 full bathroom, and its own washer and dryer, while the lower level offers an illegal suite with 2 bedrooms, 1 full bathroom, and a separate washer and dryer. Set on a desirable corner lot with a double detached garage, there’s ample parking and space to enjoy. Located minutes from the dog park and just minutes from the college, this is an ideal opportunity for investors, multi-generational living, or those looking to offset their mortgage with rental income. A property with location, versatility, and potential — don’t miss it! (id:39198)
Facts & Features
● Building Type
House
● Year built
1963
● Square Footage
1,150 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
2
● Parking
2
● Neighbourhood
Scenic Heights
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
47 days
Home price
$429,000
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
$3,908/month
The payment includes
Rent
$3,357
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$551
Each month, $551 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
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
Buyback Price
$450,450
Cumulative Down Payment
$11,610
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,610
Buyback Price
$472,973
Cumulative Down Payment
$18,221
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,221
Buyback Price
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
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
$3,908/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.
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