50 London St
Sault Ste. Marie, Ontario P6A2S3
2 beds• 1 bath• 810 sqft
Description
Welcome to 50 London St., a conveniently located home in the heart of downtown! This 2-bedroom, 1-bathroom property offers a great opportunity for first-time buyers, investors, or those looking for a centrally located home with room to grow. The spacious primary bedroom could potentially be converted back into two separate bedrooms, providing the flexibility to make this a 3-bedroom home. The full basement offers plenty of storage and future potential for additional living space. Outside, enjoy a backyard oasis with a fenced yard, deck, and storage shed—perfect for relaxing or entertaining. Located close to downtown amenities, shopping, dining, and more, this home offers convenience and opportunity in one great package! (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
810 sqft
● Stories
2
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Full
● Parking Type
--
● Time on REALTOR.ca
49 days
Home price
$234,900
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
$2,203/month
The payment includes
Rent
$1,964
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$239
Each month, $239 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
$271,926
Cumulative Down Payment
$13,596
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,596
Buyback Price
$246,645
Cumulative Down Payment
$7,865
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,865
Buyback Price
$258,977
Cumulative Down Payment
$10,731
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$5,731
Buyback Price
$271,926
Cumulative Down Payment
$13,596
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$8,596
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
$2,203/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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