674 Korah Rd
Sault Ste. Marie, Ontario P6C4K4
3 beds• 1 bath• 1,077 sqft
Description
GREAT INVESTMENT OPPORTUNITY! POTENTIAL LOT SEVERANCE! A fantastic opportunity for investors, builders or buyers looking to maximize the potential of a property! Situated on a spacious corner lot with over 140 feet of frontage on Korah Road, this property may offer the opportunity to sever a portion of the lot and build a duplex, triplex, fourplex, townhome or single-family dwelling, while retaining the existing home for rental income or future resale! A separate water line has already been brought onto the property, adding further potential and value for future development. The existing home has been meticulously maintained by the current owners over the years and is ready for a new family to make memories. Offering a spacious layout with 3 bedrooms upstairs, a bright, open-concept design, large eat-in kitchen, generous living room and 4-piece bathroom. The basement provides plenty of storage, potential for additional recreation space and even features a sauna. Additional features include a detached garage with hydro and propane wall heater, a NEW gas forced-air furnace and central air (2026), newer shingles and vinyl windows. Whether you're looking for an investment, development potential or a well-maintained home with room to grow, this is an opportunity worth exploring! Call today! (id:39198)
Facts & Features
● Building Type
Other
● Year built
--
● Square Footage
1,077 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$374,900
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
$3,392/month
The payment includes
Rent
$2,928
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$464
Each month, $464 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
$433,994
Cumulative Down Payment
$21,700
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,700
Buyback Price
$393,645
Cumulative Down Payment
$10,567
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,567
Buyback Price
$413,327
Cumulative Down Payment
$16,133
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,133
Buyback Price
$433,994
Cumulative Down Payment
$21,700
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,700
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
$3,392/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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