920 Penmeadows Road Southeast
Calgary, Alberta T3A3R2
3+2 beds• 3 baths• 1,120 sqft
Description
OPEN HOUSE - SUNDAY NOV 8 (12:00-2:30pm). Attention Investors, Builders, and Handypeople. Outstanding opportunity to build sweat equity in the established community of Penbrooke Meadows. This detached bungalow sits on a generous lot and features an oversized detached double garage. The property requires extensive renovations and total rehabilitation throughout, making it the perfect blank canvas for your next flip, holding property, or complete redesign. Conveniently situated close to schools, parks, shopping, and major transit routes for an easy commute. Property is being sold strictly on an as-is, where-is basis with no warranties or representations provided by the seller. Bring your contractor, roll up your sleeves, and unlock the massive potential this property has to offer. (id:39198)
Facts & Features
● Building Type
House
● Year built
1971
● Square Footage
1,120 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
3
● Parking
2
● Neighbourhood
Penbrooke Meadows
● Land size
--
● Heating type
Forced air, Central heating
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$300,000
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
$2,740/month
The payment includes
Rent
$2,397
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$343
Each month, $343 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
$347,288
Cumulative Down Payment
$17,364
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,364
Buyback Price
$315,000
Cumulative Down Payment
$9,121
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,121
Buyback Price
$330,750
Cumulative Down Payment
$13,243
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,243
Buyback Price
$347,288
Cumulative Down Payment
$17,364
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,364
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
$2,740/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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