344 First Ave
Sault Ste. Marie, Ontario P6C4P1
2 beds• 1 bath• 1,013 sqft
Description
Affordable 2-bedroom, 1-bathroom brick bungalow offering a great opportunity for a first-time home buyer or investor. The property features a cement driveway leading to a detached single-car garage. Inside, you will find a spacious kitchen and separate dining room, providing a practical layout for family gatherings. With some upgrades and improvements, this home offers an excellent opportunity to enter the Sault Ste. Marie market and make it your own. Currently tenanted and conveniently located on First Ave, close to local amenities and everyday conveniences. Call today to book a viewing! (id:39198)
Facts & Features
● Building Type
Other
● Year built
1942
● Square Footage
1,013 sqft
● Stories
--
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
48 days
Home price
$199,900
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
$1,888/month
The payment includes
Rent
$1,705
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$183
Each month, $183 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
$231,409
Cumulative Down Payment
$11,570
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,570
Buyback Price
$209,895
Cumulative Down Payment
$7,190
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,190
Buyback Price
$220,390
Cumulative Down Payment
$9,380
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$4,380
Buyback Price
$231,409
Cumulative Down Payment
$11,570
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,570
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
$1,888/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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