137 14 Street North
Lethbridge, Alberta T1H2V6
1 bed• 1 bath• 2,156 sqft
Description
Originally home to the first bakery in Lethbridge, this 1909 building offers a rare opportunity to own a piece of the city's history while generating strong rental potential. The property has opperated as a four plex for over 50 years and is currently configured with 4 separate living units. Three units are 2 bedroom and one is a one bedroom. The city of Lethbridge assesses & taxes the property as a 4plex. There are newer windows & 2 hot water tanks. Situated in a convenient location with over 2100 sq ft. (potential for a double garage in the back) this property offers plenty of opportunity for an investor looking to add to their portfolio. (id:39198)
Facts & Features
● Building Type
House
● Year built
1909
● Square Footage
2,156 sqft
● Stories
2
● Bedrooms
1
● Bathrooms
1
● Parking
4
● Neighbourhood
Westminster
● Land size
--
● Heating type
Forced air
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
47 days
Home price
$489,900
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
$4,581/month
The payment includes
Rent
$3,839
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$742
Each month, $742 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
$567,120
Cumulative Down Payment
$31,712
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,712
Buyback Price
$514,395
Cumulative Down Payment
$13,904
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,904
Buyback Price
$540,115
Cumulative Down Payment
$22,808
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$17,808
Buyback Price
$567,120
Cumulative Down Payment
$31,712
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,712
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
$4,581/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.