118 Blake Ave
Sault Ste. Marie, Ontario P6B4Y1
3 beds 2 baths 993 sqft
Description
Welcome to 118 Blake Avenue! This move-in-ready 3 bedroom, 1.5 bathroom bungalow is located in a great central Sault Ste. Marie neighbourhood, close to restaurants, shopping, grocery stores and within walking distance of Sault College. The home has been freshly painted throughout and features new flooring, new trim, updated lighting and a brand new gas forced-air furnace. The roof was replaced approximately 3 years ago, adding even more peace of mind. Situated on an approximately 50' x 90' lot with low annual taxes of just $2,887 and an average PUC cost of approximately $121/month, this is an affordable opportunity in a convenient location. Whether you're a first-time buyer, downsizing or looking for an investment property near the college, 118 Blake Avenue is well worth a look. Contact your trusted Realtor ® today to book your private showing! (id:39198)
Facts & Features
● Building Type
Other
● Year built
1958
● Square Footage
993 sqft
● Stories
--
● Bedrooms
3
● 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
46 days
Home price
$259,900
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
$2,350/month
The payment includes
Rent
$2,071
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$279
Each month, $279 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
$300,867
Cumulative Down Payment
$15,043
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,043
Buyback Price
$272,895
Cumulative Down Payment
$8,348
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,348
Buyback Price
$286,540
Cumulative Down Payment
$11,696
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,696
Buyback Price
$300,867
Cumulative Down Payment
$15,043
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,043
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
$2,350/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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