31 The Dr
Sault Ste. Marie, Ontario P6B1B8
4 beds• 2 baths• 1,555 sqft
Description
There's nothing like a beautifully maintained century home with some modern updates in all the right places. Charm and comfort are in abundance in this spacious 4-bedroom, 2-bath home in the heart of the city. Updates include, exterior siding, kitchen/dining area, and main floor bath (2012), copper plumbing (2013), new shingles (2018), and high-efficiency furnace (2023) all of which beam with quality workmanship. Other highlights include the hardwood floors, main floor laundry, and a large two-tier deck in the back yard complete the package. This home has been a labour of love and is ready to be adored by a new family. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1920
● Square Footage
1,555 sqft
● Stories
2
● Bedrooms
4
● Bathrooms
2
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
56 days
Home price
$429,900
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
$3,916/month
The payment includes
Rent
$3,364
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$552
Each month, $552 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
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
Buyback Price
$451,395
Cumulative Down Payment
$11,628
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,628
Buyback Price
$473,965
Cumulative Down Payment
$18,255
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,255
Buyback Price
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
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
$3,916/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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