11518 101 St
Edmonton, Alberta T5G2B1
3 beds• 2 baths• 1,108 sqft
Description
Character, privacy and a spacious double garage—all in a convenient central Edmonton location. This charming 1½-storey home offers 1,108 sq. ft. above grade, 3 bedrooms and 2 full bathrooms. A functional layout combines everyday comfort with character, complemented by a new high-efficiency furnace and new hot water tank. The developed basement adds living space, a 3-piece bathroom and laundry/utility area. Outside, the beautifully treed yard features a former award-winning gardens, a patio and excellent privacy—a peaceful retreat close to downtown. The approximately 23' × 23' detached double garage offers generous room for parking, storage or workspace. Conveniently located near the Royal Alexandra Hospital complex, Kingsway and NAIT, with easy access to transit, shopping and major employment centres. A welcoming opportunity for buyers seeking a character home with updated mechanical systems, a private yard and substantial garage. (id:39198)
Facts & Features
● Building Type
House
● Year built
1948
● Square Footage
1,108 sqft
● Stories
1.5
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Spruce Avenue
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
5 days
Home price
$322,000
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
$2,888/month
The payment includes
Rent
$2,510
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$379
Each month, $379 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
$372,755
Cumulative Down Payment
$18,638
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,638
Buyback Price
$338,100
Cumulative Down Payment
$9,546
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,546
Buyback Price
$355,005
Cumulative Down Payment
$14,092
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,092
Buyback Price
$372,755
Cumulative Down Payment
$18,638
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,638
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
$2,888/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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