5205 56 St
Camrose, Alberta T4V2E2
3+1 beds• 2 baths• 1,171 sqft
Description
Character, Charm & Garden Paradise! Close to historic downtown Camrose, this charming 3+1 Bedroom home sits on an expansive double lot with a private, highly productive garden, mature apple, cherry trees, and raspberry bushes. Inside, original character meets modern updates, including a new roof, luxury vinyl flooring throughout, a renovated main-floor bathroom, and soundproofing throughout provides added peace and quiet. The fully developed basement features a rec room with built-in bar, bedroom, second bathroom, spacious laundry, storage room, and a cold room. A double garage with furnace has a new roof that completes this exceptional property! (id:39198)
Facts & Features
● Building Type
House
● Year built
1961
● Square Footage
1,171 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
2
● Parking
8
● Neighbourhood
Sparling
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
26 days
Home price
$365,000
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
$3,298/month
The payment includes
Rent
$2,850
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$448
Each month, $448 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
$422,533
Cumulative Down Payment
$21,127
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,127
Buyback Price
$383,250
Cumulative Down Payment
$10,376
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,376
Buyback Price
$402,413
Cumulative Down Payment
$15,751
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,751
Buyback Price
$422,533
Cumulative Down Payment
$21,127
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,127
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
$3,298/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
Recently Listed Homes in Camrose, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.