271 Spruce St
Sault Ste. Marie, Ontario P6B2H2
2 beds• 1 bath• 850 sqft
Description
Starting out or slowing down? This may be the property for you! Very cute smaller home just waiting for someone to call it theirs! Updated bathroom, and vinyl flooring throughout the house. Hot water tank 2018, and furnace 2012. Come see how large the backyard is, and all its potential! (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
850 sqft
● Stories
--
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
51 days
Home price
$185,900
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
$1,743/month
The payment includes
Rent
$1,583
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$160
Each month, $160 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
$215,202
Cumulative Down Payment
$10,760
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,760
Buyback Price
$195,195
Cumulative Down Payment
$6,920
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,920
Buyback Price
$204,955
Cumulative Down Payment
$8,840
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$3,840
Buyback Price
$215,202
Cumulative Down Payment
$10,760
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,760
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
$1,743/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.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.