London, Ontario N6C1M9
3 beds 1 bath 811 sqft
Quality home ownership in reach with this fully updated stand out three bedroom bungalow with a full four piece bathroom on the edge of London's Old South neighbourhood. 10 Watson St is situated on a private enclave that opens up to Watson St Park which is directly connected into the Thames Valley Parkway system; an ideal property for families, pet owners, and for those who enjoy outdoor activity, with cycling/walking/hiking options that don't require travel along roads. Not to be outdone, the property itself features a spralling lot that is over 200 ft deep; with a full sized detached one car garage with attached workshop. Exterior updates abound; 10 Watson St has a completely replaced roof including the sub roof and drip edge; along with the front entranceway featuring newly painted and installed railings; the rear exit featuring a restored and painted deck; and the full exterior of the primary residence and garage newly painted. Heading inside the interior has been modernized with all spaces in the three bedrooms bungalow brightened up with installed pot lighting (option to change from bright light to warm light throughout) and featuring ample natural light through the modern style windows and character rich exterior doors. The kitchen features a stainless steel appliance set inluding a dishwasher, gas stove, fridge, and built in microwave along with new cabinets and quartz countertops. The four piece bath has also been updated and features a new vanity and modern backlit mirror. This South London gem offers quick access to the beautiful Wortley Village Community, London's Victoria Hospital (a premiere hospital in Southern Ontario), downtown London, London's sprawling park system along the Thames River; whether by vehicle that can be parked at the rear of the property and/or in the detached garage(with street parking also possible) or via public transit with direct access at Wellington Rd (which is also undergoing a major update for the rapid bus transit system). (id:39198)
Home price
$369,000
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
$3,336/month
The payment includes
Rent
$2,882
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$454
Each month, $454 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$427,164
Cumulative Down Payment
$21,358
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,358
Buyback Price
$387,450
Cumulative Down Payment
$10,453
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,453
Buyback Price
$406,823
Cumulative Down Payment
$15,905
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,905
Buyback Price
$427,164
Cumulative Down Payment
$21,358
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,358
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
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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