Charming Residential Opportunity in the Heart of Quesnel
$198,000
Listing ID: 6aeb927786fb189f1cf54b34
3
Bedrooms
2
Bathrooms
1,300
Sq Ft
1985
Year Built
About this property
Discover this inviting property located in the heart of Quesnel, offering a perfect blend of comfort and convenience. This home is situated in a friendly, established neighbourhood, providing easy access to local amenities and the natural beauty of the Cariboo region. With its prime location and potential, this residence is an excellent choice for those looking to put down roots in one of British Columbia's most affordable and welcoming communities.
Features
Legal Description
STRATA LOT 34, PLAN PGS216, DISTRICT LOT 704, CARIBOO LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1
Option to Buy on Creative Terms!
| Program Component | Detail / Terms | Your Financial Benefit |
|---|---|---|
| Option Purchase Price | $198,000 | Purchase price. Locks your price. |
| Option Deposit | $10,000 | Credited in full toward your purchase price at closing, so it reduces what you owe rather than being a fee. |
| Monthly Payment | $1,600 / month | Fixed housing costs, no unexpected landlord rent hikes. Like your mortgage payment. |
| Built-In Rent Credit | $200 / month | Automatically tracked and credited directly toward your final down payment. This is like the principal in a mortgage that builds over time. |
| Actual Rent Cost | $1,400 | Your actual monthly cost. |
| Initial Option Term | Up to 24 Months (Flexible) | Ample time to season credit or optimize your mortgage path. |
Do I own this?
You effectively own this home by paying a monthly payment that is similar to market rent. A portion of the monthly payment is credited to you when you close. It is expected that usually within the term, that you will have been able to obtain traditional financing (if needed) to buy at the agreed purchase price. Until then you pay the monthly payment, and you effectively own the property.
What happens if I need more time? Will I lose my deposit?
If the market dips and the property will not assess at the price we have agreed, you can continue to just make the monthly payment for as long as it takes. In the meantime, any repairs or improvements you make to the house will only increase the value and make it easier to eventually finance the house. If the market becomes hot, you can easily finance, or even sell it if you want to keep the difference between what you sell it for and what you have to pay.
Interested in this property?
Our AI will help you schedule a viewing, make an offer, and handle the entire purchase — no realtor needed. All communication stays within the app.
All communication stays within the app — seller contact info is never shared with buyers.
