271 Ormsby Rd
Edmonton, Alberta T5T5X6
3 beds• 4 baths• 1,910 sqft
Description
Welcome to this beautifully maintained home offering exceptional space and versatility for the whole family! Situated in the desirable Ormsby Place, this home features a huge yard and plenty of room to enjoy both indoors and out. The main floor showcases 2 family/living rooms with beautiful hardwood flooring along with a cozy wood-burning fireplace. An updated kitchen with extra large tile, granite countertops and plenty of cabinetry. Stay comfortable with central air conditioning. Upstairs, you’ll find 3 spacious bedrooms, while the home offers a total of 4 bathrooms for added convenience. The fully developed basement provides even more living space, featuring an additional family/living room plus two versatile bonus rooms—perfect for a home office, gym, hobby room, playroom, guest space, or whatever suits your lifestyle! With its generous layout, flexible spaces, large yard, and fantastic corner location, this home offers incredible potential and room to grow. A wonderful opportunity to call this home! (id:39198)
Facts & Features
● Building Type
House
● Year built
1992
● Square Footage
1,910 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
4
● Parking
--
● Neighbourhood
Ormsby Place
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
59 days
Home price
$489,500
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
$4,576/month
The payment includes
Rent
$3,836
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$741
Each month, $741 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
$566,657
Cumulative Down Payment
$31,666
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,666
Buyback Price
$513,975
Cumulative Down Payment
$13,889
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,889
Buyback Price
$539,674
Cumulative Down Payment
$22,777
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$17,777
Buyback Price
$566,657
Cumulative Down Payment
$31,666
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,666
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
$4,576/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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