Calgary, Alberta T2C1R8
3+1 beds 2 baths 1,011 sqft
Welcome to this bungalow located in the established community of Lynnwood/Ogden, offering a fantastic opportunity for homeowners and investors alike! Situated on a generously sized lot backing onto the community's extensive walking and biking pathway system, this property offers a great combination of location, space and potential. The home has undergone substantial recent renovations, with much of the main floor beautifully updated to create a fresh, modern living space. Step inside to discover new flooring, windows, doors and ceilings, along with a stunning new kitchen featuring contemporary cabinetry, quartz countertops and a spacious island that provides additional preparation space and casual seating. The kitchen flows into the dining area and living room, creating a comfortable and inviting space for everyday living and entertaining. The main level also features three renovated bedrooms and a four-piece bathroom where the majority of the renovations have been completed. For added convenience, a laundry area has been incorporated into the closet of one of the main floor bedrooms. The developed basement offers additional living space and features a renovated illegal suite complete with its own kitchen, comfortable living room with a fireplace, one bedroom, a three-piece bathroom and a separate laundry area. This additional living space offers flexibility for extended family or other potential uses. While significant improvements have already been made throughout the property, some renovations remain unfinished, providing an opportunity for the next owner to complete the remaining work and add their own finishing touches. Outside, the generous lot offers plenty of possibilities, including off-street parking and the potential for a future garage. One of the property's most appealing features is its location backing directly onto walking and biking pathways that wind through the community and along the ridge, where you can enjoy spectacular views of downtown Calgar y and the Bow River. Imagine stepping outside your backyard and enjoying the pathway system, scenic surroundings and beautiful views just moments from your door! The established neighbourhood offers convenient access to schools, parks, playgrounds, shopping and public transit, while nearby Glenmore Trail provides an easy connection to other areas of Calgary. Whether you're looking for a home with modern updates, additional living space or an opportunity to complete a renovation project to your own taste, this Lynnwood/Ogden bungalow offers tremendous potential in a well-established community. (id:39198)
Home price
$530,000
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
$5,027/month
The payment includes
Rent
$4,156
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.
Here is the final price if I buy the house after:
Buyback Price
$613,541
Cumulative Down Payment
$36,354
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,354
Buyback Price
$556,500
Cumulative Down Payment
$15,451
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,451
Buyback Price
$584,325
Cumulative Down Payment
$25,903
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$20,903
Buyback Price
$613,541
Cumulative Down Payment
$36,354
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,354
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
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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next steps toward homeownership.