Calgary, Alberta T2K2W6
2+1 beds 2 baths 1,023 sqft
This charming two bedroom bungalow on quiet residential street in mature Thorncliffe is sure to appeal to many different buyer segments; first time homebuyers looking for a forever home that they can make their own, downsizers looking for one level living, or investors looking for a renovate and flip project. With only two previous owners, pride of ownership is evident throughout with a lot of the heavy lifting already done, like the refinished hardwood floors, finished basement, newer furnace and shingles, detached two car garage and concrete front driveway. Inside, the bungalow offers a practical layout with a bright main floor living/dining room with a spacious kitchen, two bedrooms and a four-piece bathroom. (The second dining area could easily be converted back to a third bedroom). The home measures approximately 1,023 sq. ft. above grade, with the lower level adding a third bedroom, three-piece bathroom, large recreation room, laundry area, and generous storage. The recreation room is anchored by a wood burning fireplace, giving the lower level character and plenty of space for family movie nights, a games area, home gym or additional living space. Outside, the fully fenced backyard includes a large deck, w gas line BBQ hook up, storage shed and many trees for privacy. Rear access leads to a oversized double detached garage, while additional front-drive parking adds everyday convenience. This is a home with many of the important updates already completed, a location that is difficult to replicate, and a rear entrance for future development Just one street removed from Egert's Park, the location is a standout with amenities galore. Step out the door and you are minutes from green space and cycling paths that connect to the pathway network. Thorncliffe is an ideal setting for young families, dog owners, runners, cyclists or anyone who values having nature close to home. (id:39198)
Home price
$549,900
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
$5,249/month
The payment includes
Rent
$4,314
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$935
Each month, $935 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
$636,578
Cumulative Down Payment
$38,658
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$33,658
Buyback Price
$577,395
Cumulative Down Payment
$16,219
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$11,219
Buyback Price
$606,265
Cumulative Down Payment
$27,439
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$22,439
Buyback Price
$636,578
Cumulative Down Payment
$38,658
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$33,658
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.