2314 Lorne Street
Regina, Saskatchewan S4P2M9
1 bed 1 bath 2,496 sqft
Description
Welcome to 2314 Lorne Street, an excellent investment opportunity with tons of potential. Located in Regina's Transition neighbourhood, it provides quick access to downtown Regina and is zoned for a mix of residential and low-impact commercial use while preserving the area's existing heritage and walkability. Upon entering, the foyer offers two separate entries, which is ideal for two self-contained living areas. The main floor features high ceilings, a large family room and excellent dining space. The modern white cabinetry offers plenty of storage, along with all new appliances throughout the kitchen (2025). A 4-piece bath and bedroom complete the main floor. Upstairs has been demoed and is open for development. Offering plenty of square footage and an additional half storey, a multitude of options are available for the new owners to finish. The basement has been braced and pony walled, offering peace of mind to the buyer. Outside is a well sized, fully fenced deck and room to park 4 vehicles. Have your agent book a showing today! (id:39198)
Facts & Features
● Building Type
House
● Year built
1910
● Square Footage
2,496 sqft
● Stories
2.5
● Bedrooms
1
● Bathrooms
1
● Parking
--
● Neighbourhood
Transition Area
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$249,900
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
$2,355/month
The payment includes
Rent
$2,092
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$263
Each month, $263 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
$289,290
Cumulative Down Payment
$14,465
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,465
Buyback Price
$262,395
Cumulative Down Payment
$8,155
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,155
Buyback Price
$275,515
Cumulative Down Payment
$11,310
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,310
Buyback Price
$289,290
Cumulative Down Payment
$14,465
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,465
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
$2,355/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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