2008 53 St
Edmonton, Alberta T6L5G4
3 beds• 2 baths• 1,125 sqft
Description
Beautiful, warm home in Millwood with new streets and sidewalks. Great location close to schools, shopping malls, and the hospital. Quick access to the Anthony Henday makes it ideal for a family looking to buy their first home. Excellent price point! (id:39198)
Facts & Features
● Building Type
House
● Year built
1981
● Square Footage
1,125 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Meyokumin
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
23 days
Home price
$345,000
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
$3,107/month
The payment includes
Rent
$2,692
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$416
Each month, $416 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
$399,381
Cumulative Down Payment
$19,969
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,969
Buyback Price
$362,250
Cumulative Down Payment
$9,990
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,990
Buyback Price
$380,363
Cumulative Down Payment
$14,979
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,979
Buyback Price
$399,381
Cumulative Down Payment
$19,969
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,969
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
$3,107/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.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.