461 John Street
Sault Ste. Marie, Ontario P6C3J8
2 beds• 1 bath• 1,650 sqft
Description
Opportunity awaits at 461 John Street! This 1.75 storey home offers 2 bedrooms, 1 bathroom and plenty of potential to make it your own. A charming covered front porch welcomes you inside, where you'll find a separate dining room, recently updated kitchen and laminate flooring throughout, The rear entrance leads to an oversized backyard with plenty of space to enjoy. Complete with forced air natural gas heating, this affordable property offers a great opportunity for first time buyers, downsizers or anyone looking to add their own finishing touches and create a space that feels like home. (id:39198)
Facts & Features
● Building Type
House
● Year built
1936
● Square Footage
1,650 sqft
● Stories
1.5
● Bedrooms
2
● Bathrooms
1
● Parking
2
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
49 days
Home price
$174,900
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
$1,629/month
The payment includes
Rent
$1,487
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$142
Each month, $142 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
$202,469
Cumulative Down Payment
$10,123
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,123
Buyback Price
$183,645
Cumulative Down Payment
$6,708
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,708
Buyback Price
$192,827
Cumulative Down Payment
$8,416
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$3,416
Buyback Price
$202,469
Cumulative Down Payment
$10,123
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,123
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
$1,629/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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