467 Korah Rd
Sault Ste. Marie, Ontario P6C4J1
1 bed• 2 baths• 800 sqft
Description
Welcome to 467 Korah Road offers an excellent opportunity to start a new business or relocate your existing one or convert this back to a residential Home This well-maintained commercial / residential property showcases true pride of ownership with numerous recent updates throughout. Recent improvements include: * Newer roof * Newer siding with added insulation underneath * Newer furnace and central air conditioning Previously operated as a successful hair salon for many years, the property is currently home to a bookkeeping business. The existing bookkeeping business may also be available for purchase, creating an excellent turnkey opportunity for interested buyers. (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
800 sqft
● Stories
--
● Bedrooms
1
● Bathrooms
2
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
93 days
Home price
$219,000
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
$2,041/month
The payment includes
Rent
$1,828
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$213
Each month, $213 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
$253,520
Cumulative Down Payment
$12,676
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,676
Buyback Price
$229,950
Cumulative Down Payment
$7,559
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,559
Buyback Price
$241,448
Cumulative Down Payment
$10,117
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$5,117
Buyback Price
$253,520
Cumulative Down Payment
$12,676
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,676
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
$2,041/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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