702 3rd Avenue
Saskatoon, Saskatchewan S7K2K1
3+3 beds 4 baths 1,400 sqft
Description
Opportunity in Prime City Park! Discover the massive potential of 702 3rd Avenue North, a spacious 1,400 sq. ft. single-family home nestled in the tree-lined, highly walkable neighbourhood of City Park, you are only minutes away from beautiful riverside trails, local cafes, and downtown Saskatoon. Boasting an impressive 6 bedrooms and 3 bathrooms, this 1950 character home offers an abundance of functional space, including a fully finished basement with a separate entrance making it a perfect arrangement to rent out for immediate passive income to offset your mortgage payments. Whether you are looking for an exceptional revenue property steps from downtown, or a spacious home to accommodate a large family, this unique property is an absolute must-see. Perfect for buyers seeking character with incredible potential in one of Saskatoon's most desirable communities! (id:39198)
Facts & Features
● Building Type
House
● Year built
1950
● Square Footage
1,400 sqft
● Stories
--
● Bedrooms
3+3
● Bathrooms
4
● Parking
--
● Neighbourhood
City Park
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$529,900
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
$5,026/month
The payment includes
Rent
$4,155
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$871
Each month, $871 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
$613,425
Cumulative Down Payment
$36,343
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,343
Buyback Price
$556,395
Cumulative Down Payment
$15,448
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,448
Buyback Price
$584,215
Cumulative Down Payment
$25,895
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$20,895
Buyback Price
$613,425
Cumulative Down Payment
$36,343
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,343
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
$5,026/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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