7 Macarthur Drive
Cornwall, Prince Edward Island C0A1H4
2 beds• 2 baths• null
Description
If location is at the top of your wish list, this charming Cornwall home deserves a closer look. Perfect for first time homebuyers, downsizers, or anyone looking for a comfortable home in a convenient community, this cute two bedroom, one and a half bath property puts everyday essentials just minutes away. Grocery stores, restaurants, parks, and the hockey arena are all close by, making this an easy place to call home. Inside, you?ll find two bedrooms upstairs along with a practical layout and a number of recent updates. Patio doors lead directly to a large deck, creating a great extension of the living space during the warmer months. The backyard offers plenty of room for gardening, outdoor play, pets, or simply relaxing and enjoying your own space. Updates include a new roof in 2018, heat pump, electric water heater, flooring, deck benches and railings, along with updated exterior lighting. Affordable, welcoming, and located right in the heart of Cornwall, this is a great little starter home with plenty of potential to make it your own. Come see why Cornwall continues to be such a convenient place to live and picture yourself making this one home. (id:39198)
Facts & Features
● Building Type
House
● Year built
--
● Square Footage
null
● Stories
1.5
● Bedrooms
2
● Bathrooms
2
● Parking
--
● Neighbourhood
Cornwall
● Land size
--
● Heating type
Forced air, Oil, Electric, Wall Mounted Heat Pump, Furnace
● Basement type
Unfinished, Partial
● Parking Type
--
● Time on REALTOR.ca
54 days
Home price
$289,000
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
$2,633/month
The payment includes
Rent
$2,308
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$326
Each month, $326 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
$334,554
Cumulative Down Payment
$16,728
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,728
Buyback Price
$303,450
Cumulative Down Payment
$8,909
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,909
Buyback Price
$318,623
Cumulative Down Payment
$12,818
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,818
Buyback Price
$334,554
Cumulative Down Payment
$16,728
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,728
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
$2,633/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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