87 Letcher St
Sault Ste. Marie, Ontario P6C4X5
3 beds 2 baths
Description
This 3 bedroom brick bungalow offers a spacious, functional layout featuring an eat in kitchen and large sunken living room. The lower level provides additional living space with a generous rec room, bar area and second bathroom. Set on a wide 75 foot lot with mature trees and a private backyard, this home offers plenty of space inside and out. Newer shingles add to the appeal. (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
under 1/2 acre
● Stories
--
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Baseboard heaters, Electric
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
95 days
Home price
$224,900
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
$2,101/month
The payment includes
Rent
$1,878
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$223
Each month, $223 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
$260,350
Cumulative Down Payment
$13,017
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,017
Buyback Price
$236,145
Cumulative Down Payment
$7,672
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,672
Buyback Price
$247,952
Cumulative Down Payment
$10,345
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$5,345
Buyback Price
$260,350
Cumulative Down Payment
$13,017
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,017
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
$2,101/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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