421 Ruth Street
Saskatoon, Saskatchewan S7J0L3
3+2 beds• 2 baths• 1,092 sqft
Description
Welcome to 421 Ruth Street in the desirable Queen Elizabeth neighborhood! This well-maintained up-and-down duplex offers an excellent investment opportunity or an ideal mortgage-helper property. Featuring 5 bedrooms, 2 bathrooms, and 2 fully developed living spaces, each unit has its own kitchen, living room, dining area, and separate entrance. The property has some upgrades in the recent few years, including vinyl plank flooring throughout both levels, updated kitchen countertops and hood fans, the newer fence, and backyard improvements. The fully finished basement includes a separate entrance and two bedrooms. Outside, enjoy a fully fenced yard, a large single detached garage with two additional storage units, and parking for three vehicles. Conveniently located close to parks, schools, public transit, and other amenities, this property offers excellent rental potential in a sought-after neighborhood. A great opportunity for investors or homeowners looking to offset their mortgage with rental income! (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1961
● Square Footage
1,092 sqft
● Stories
--
● Bedrooms
3+2
● Bathrooms
2
● Parking
--
● Neighbourhood
Queen Elizabeth
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$429,900
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
$3,916/month
The payment includes
Rent
$3,364
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$552
Each month, $552 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
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
Buyback Price
$451,395
Cumulative Down Payment
$11,628
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,628
Buyback Price
$473,965
Cumulative Down Payment
$18,255
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,255
Buyback Price
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
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
$3,916/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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