128 Ridgegate Way Southwest


Airdrie, Alberta T4B1A9

3 beds 3 baths 1,098 sqft

Description

INVESTOR ALERT | 3 SEPARATE LIVING AREAS | 2 ILLEGAL BASEMENT SUITES | PRIME LOCATION Ideally Located With Quick Access To The City Centre And Close To Shopping Plazas, A Brand New Library, Urgent Care Facilities, Schools, Parks, Places Of Worship, And Convenient Public Transit, This Bungalow Offers Both Comfort And Exceptional Convenience. The Property Features Three Separate Living Areas, Offering Excellent Flexibility And Strong Income-Generating Potential. The Main Floor Features A Bright And Inviting Living Room With Hardwood Flooring And A Large Front Window That Fills The Space With Natural Light, A Functional Kitchen With Updated Vinyl Plank Flooring, Three Well-Sized Bedrooms, Including A Spacious Primary Bedroom, And A 4-Piece Bathroom. A Separate Entrance Provides Access To The Fully Developed Basement, Offering Additional Flexibility And Excellent Potential For Extended Family Or Supplemental Rental Income. The Lower Level Includes Two Distinct Living Areas Along With Two Bathrooms, Including A Bachelor-Style Space Equipped With A Portable Electric Cooktop, Fridge, And Microwave (Buyers Are Advised That Secondary Suites Are Subject To Approval And Permitting By The City/Municipality). Situated On A Generous Lot With Approximately 45 Ft Of Frontage And 100 Ft Of Depth, The Property Features A Large Private Fenced Backyard With A Storage Shed. A Front Parking Pad Provides Convenient Off-Street Parking, With Additional Street Parking Available. With Approximately 1,022 Sq Ft Of Above-Grade Living Space, This Property Offers An Excellent Combination Of Location, Versatility, And Long-Term Investment Potential. (id:39198)

Facts & Features

● Building Type

House

● Year built

1982

● Square Footage

1,098 sqft

● Stories

1

● Bedrooms

3

● Bathrooms

3

● Parking

2

● Neighbourhood

Ridgegate

● Land size

--

● Heating type

Forced air

● Basement type

Finished, Full, Separate entrance, Suite

● Parking Type

--

● Time on REALTOR.ca

43 days

Brokerage Name: Royal LePage METRO

Powered by: REALTOR.ca

Home price

$499,999

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$4,693/month

The payment includes

Rent

$3,919

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$774

Each month, $774 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:

1 year2 years3 years
Year 3

Buyback Price

$578,811

Cumulative Down Payment

$32,881

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$27,881

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

$4,693/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

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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