38 Cedar St
Sault Ste. Marie, Ontario P6B2J3
3 beds 2 baths
Description
Spacious two-storey home in a central location, offering three bedrooms and flexible options for first-time buyers or investors. The main floor features a full bathroom, while the upstairs primary bedroom includes a convenient two-piece ensuite. With newer furnace (2020), on-demand hot water (2021), and new electrical panel (2025). This property has a solid start and plenty of potential for someone ready to add their own updates. Consider renting or making it a comfortable home for the whole family. (id:39198)
Facts & Features
● Building Type
Other
● Year built
1919
● Square Footage
under 1/2 acre
● Stories
2
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Sault Ste. Marie
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$189,000
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
$1,775/month
The payment includes
Rent
$1,610
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$165
Each month, $165 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
$218,791
Cumulative Down Payment
$10,940
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,940
Buyback Price
$198,450
Cumulative Down Payment
$6,980
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,980
Buyback Price
$208,373
Cumulative Down Payment
$8,960
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$3,960
Buyback Price
$218,791
Cumulative Down Payment
$10,940
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,940
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
$1,775/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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