488 Morin St
Sault Ste. Marie, Ontario P6C3E9
3 beds• 1 bath
Description
Looking for a solid family home to put a little love into or maybe a great investment opportunity? This property checks all the boxes with 3 bedrooms with newer laminate flooring plus 2 bonus rooms have been used as additional bedrooms, 2 bathrooms, main floor laundry and spacious kitchen. Updates include a new hot water boiler in 2018 and large picture windows in the living room replaced in 2017, bringing in plenty of natural light. A great home for a great price! (id:39198)
Facts & Features
● Building Type
Other
● Year built
1942
● Square Footage
under 1/2 acre
● Stories
1.5
● Bedrooms
3
● Bathrooms
1
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Boiler
● Basement type
Unfinished, Partial
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$159,900
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
$1,474/month
The payment includes
Rent
$1,355
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$118
Each month, $118 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
$185,104
Cumulative Down Payment
$9,255
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$4,255
Buyback Price
$167,895
Cumulative Down Payment
$6,418
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,418
Buyback Price
$176,290
Cumulative Down Payment
$7,837
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$2,837
Buyback Price
$185,104
Cumulative Down Payment
$9,255
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$4,255
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
$1,474/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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