1271 Ormsby Ln
Edmonton, Alberta T5T6G9
3+2 beds• 3 baths• 1,462 sqft
Description
Welcome to this fantastic 5-bedroom, 3-bathroom bungalow in the established community of Ormsby Place! Offering an impressive 2,800 sq ft of fully developed living space, this home delivers the space, functionality and location families are looking for. Step inside to a freshly painted interior that feels bright, clean and move-in ready. The upgraded kitchen offers great functionality and a welcoming space for everyday living and entertaining. The fully finished basement provides an abundance of additional living space, perfect for a family room, recreation area, home office, guests or a growing family. A double attached garage adds everyday convenience, ample storage and protection from the elements. Outside, enjoy the charm of a mature neighborhood with established trees and landscaping. Ideally located close to schools, parks, shopping, transit and major roadways, this home offers the perfect blend of comfort and convenience. Spacious, well maintained and move-in ready!! (id:39198)
Facts & Features
● Building Type
House
● Year built
2002
● Square Footage
1,462 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
3
● Parking
--
● Neighbourhood
Ormsby Place
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
35 days
Home price
$529,900
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
$5,026/month
The payment includes
Rent
$4,155
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.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$613,425
Cumulative Down Payment
$36,343
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,343
Buyback Price
$556,395
Cumulative Down Payment
$15,448
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,448
Buyback Price
$584,215
Cumulative Down Payment
$25,895
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$20,895
Buyback Price
$613,425
Cumulative Down Payment
$36,343
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,343
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
$5,026/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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