185 Elgin St
Sault Ste. Marie, Ontario P6A2Y9
2 beds• 2 baths• 1,421 sqft
Description
Welcome to 185 Elgin Street a downtown 2 bedroom home offering over 1,400 sq. ft. of living space, flexible CT2 zoning, plenty of parking and, most importantly, A BALL PIT. Currently used as a residential home, this unique property features an accessible ramp from the rear parking area to the entrance, along with an accessible half bath on the main floor. Upstairs you'll find 2 bedrooms and a full bathroom. Downstairs- Take the stairs like a normal person- or if you know how to live right, take THE SLIDE directly into the basement, where - you guessed it - there is A BALL PIT. CT2 zoning provides flexibility for a variety of potential commercial uses, making this a unique opportunity for buyers looking for a downtown property with options beyond residential use. Recent updates include a new furnace and central air and hot water on demand in 2024 and new washer and dryer in 2026. PUC equal billing is approximately $222/month and gas equal billing is approximately $88/month, with plenty of parking available at the rear. There are houses. There are commercial opportunities. And then there are downtown properties with CT2 zoning, a slide to the basement AND A BALL PIT. Contact your trusted REALTOR® today for more details - ABOUT THE BALL PIT. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1932
● Square Footage
1,421 sqft
● Stories
2
● Bedrooms
2
● Bathrooms
2
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
1 day
Home price
$189,900
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
$1,784/month
The payment includes
Rent
$1,618
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$166
Each month, $166 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
$219,833
Cumulative Down Payment
$10,992
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,992
Buyback Price
$199,395
Cumulative Down Payment
$6,997
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,997
Buyback Price
$209,365
Cumulative Down Payment
$8,994
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$3,994
Buyback Price
$219,833
Cumulative Down Payment
$10,992
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,992
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
$1,784/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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