220 Fourth Lin E
Sault Ste. Marie, Ontario P6A0C3
2 beds• 1 bath• 1,265 sqft
Description
Attention investors, flippers, and DIY enthusiasts: this diamond in the rough is your next rewarding project. Situated on a generous 0.549-acre corner lot, this 1-3/4 story handyman special offers 1,265 square feet. Featuring 2 bedrooms and 1 bathroom on upper level, and an open concept main floor. Currently serviced with a drilled well (filter & UV filter system), municipal sewer, natural gas Rinnai space heater, Don't miss out on this opportunity!!! Call to view today!!! (id:39198)
Facts & Features
● Building Type
Other
● Year built
1910
● Square Footage
1,265 sqft
● Stories
1.75
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Space Heater, Natural gas
● Basement type
Unfinished, Partial
● Parking Type
--
● Time on REALTOR.ca
91 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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Have Questions About Rent-to-Own? Let's Talk.
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