253 Jerry Potts Boulevard West


Lethbridge, Alberta T1K6J8

2+1 beds 2 baths 1,089 sqft

Description

**LIVE UP. RENT DOWN. A MORTGAGE HELPER WITH INVESTMENT POTENTIAL!** Whether you're looking to break into the real estate market or add a revenue-generating property to your investment portfolio, 253 Jerry Potts Blvd W offers an opportunity worth exploring! Ideally located in a family-friendly neighborhood, this 1,057 sq. ft. home is within walking distance of parks, playgrounds, sports fields, schools, the University, shopping, restaurants and pubs — making it an attractive location for both homeowners and potential tenants. The home offers spacious, sun-filled rooms and a fully developed lower level with its own separate entrance. Complete with large windows, a generous family room, an additional bedroom and a renovated bathroom, the lower level offers excellent potential for a mortgage helper or additional rental income. Outside, you'll find a covered deck, a fenced and landscaped yard with mature trees providing privacy and shelter, plus an impressive newer detached garage. Finished inside, heated and featuring a 10-foot-high overhead door, it's ideal for vehicles, storage, hobbies or a workshop. Additional features and updates include central A/C, PVC windows, exterior doors, a non city approved basement suite and washer/dryer up & down are also included. Get into homeownership, offset your mortgage with rental potential, or add another property to your investment portfolio. With a flexible layout, separate lower-level entrance and a convenient location, this property offers plenty of possibilities. Easy to view and available for immediate possession. Don't miss this opportunity! (id:39198)

Facts & Features

Powered by: REALTOR.ca

● Building Type

House

● Year built

1983

● Square Footage

1,089 sqft

● Stories

1

● Bedrooms

2+1

● Bathrooms

2

● Parking

2

● Neighbourhood

Indian Battle Heights

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full, Separate entrance, Walk-up, Suite

● Parking Type

--

● Time on REALTOR.ca

0 days

Home price

$419,900

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$3,821/month

The payment includes

Rent

$3,285

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$536

Each month, $536 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:

1 year2 years3 years
Year 3

Buyback Price

$486,087

Cumulative Down Payment

$24,304

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$19,304

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

$3,821/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

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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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.