5 Concordia Place West


Lethbridge, Alberta T1K3X7

3+2 beds 3 baths 1,550 sqft

Description

Take a look at this solid, spacious bungalow situated on a quiet cul-de-sac in Varsity Village, offering over 1,500 sq. ft. of main-floor living space on an expansive 8,000+ sq. ft. lot.The freshly painted main floor features hardwood flooring throughout, a dedicated dining area, two separate living rooms, and a gas fireplace. Completing the upper level are three bedrooms, including a primary suite with a 2-piece ensuite bath, as well as an enclosed sunroom.Downstairs features a separate side entrance, an area that can be set up as a kitchen, and a large rumpus room retaining its classic 1970s character—including a hidden storage room tucked behind the bookcase. The lower level also holds two additional bedrooms (windows do not meet current egress standards) and an extra dedicated storage room. With its proximity to the University of Lethbridge within easy walking distance, the basement layout offers strong rental or student-hosting potential.Outside, the large yard includes mature apple trees, a gazebo, and a greenhouse. Parking is plentiful with a single attached garage plus an adjoining carport. Pop out the back yard gate, and you can easily walk to Nicholas Sheran park or school, Nicolas Sheran pool and arena, and the West Village Mall. Clean, vacant, and ready for quick possession. Contact your REALTOR® today to book a private viewing. (id:39198)

Facts & Features

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● Building Type

House

● Year built

1975

● Square Footage

1,550 sqft

● Stories

1

● Bedrooms

3+2

● Bathrooms

3

● Parking

4

● Neighbourhood

Varsity Village

● Land size

--

● Heating type

Natural gas, Other

● Basement type

Finished, Full, Suite

● Parking Type

--

● Time on REALTOR.ca

0 days

Home price

$485,000

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

$4,526/month

The payment includes

Rent

$3,800

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

Monthly Savings

$726

Each month, $726 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

$561,448

Cumulative Down Payment

$31,145

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$26,145

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

$4,526/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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A smarter, safer path to homeownership — explained.

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