5014 Ada Bv
Edmonton, Alberta T5W4N2
2 beds• 2 baths• 981 sqft
Description
Rare river-valley opportunity on prestigious Ada Boulevard in the Highlands! This mature, tree-lined lot backs directly onto the North Saskatchewan River valley - the kind of setting that cannot be recreated. The existing home has served as a well-kept long-term rental for over 20 years and is being offered as-is, where-is; the true value here is the land. Build your dream home among Ada Boulevard's multimillion-dollar infills, renovate the existing house, or land-bank on one of Edmonton's most coveted streets. Back-fence access to the river valley trail system, steps from the river's edge, minutes to downtown. Possession available end of October. River-valley lots on Ada Boulevard rarely come to market - a generational opportunity for builders, developers + buyers chasing an address that needs no introduction. (id:39198)
Facts & Features
● Building Type
House
● Year built
1940
● Square Footage
981 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
--
● Neighbourhood
Highlands (Edmonton)
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
32 days
Home price
$499,900
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
$4,692/month
The payment includes
Rent
$3,918
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$774
Each month, $774 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
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
Buyback Price
$524,895
Cumulative Down Payment
$14,290
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,290
Buyback Price
$551,140
Cumulative Down Payment
$23,580
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$18,580
Buyback Price
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
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
$4,692/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 Edmonton, 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.