3431 42 St
Edmonton, Alberta T6L3Z4
3+2 beds• 3 baths• 1,048 sqft
Description
Welcome to this fantastic **5-bedroom bungalow with a LEGAL 2-BEDROOM BASEMENT SUITE** in the desirable, family-friendly community of Minchau! Offering incredible versatility for homeowners and investors alike, this property is ideal for growing families, multi-generational living, or those looking for rental income potential. Enjoy the convenience of bungalow living along with the added value of a fully legal secondary suite. Step outside to a spacious yard with plenty of room for entertaining, gardening, or simply relaxing outdoors. **LOCATION, LOCATION, LOCATION!** Situated within walking distance to schools, parks, playgrounds, and the beautiful Mill Creek Ravine, with scenic walking and biking trails just minutes away. Convenient access to shopping, amenities, and major roadways completes the package. **An excellent opportunity to own a versatile property in an established Edmonton neighbourhood!** (id:39198)
Facts & Features
● Building Type
House
● Year built
1982
● Square Footage
1,048 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
3
● Parking
--
● Neighbourhood
Minchau
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
12 days
Home price
$399,999
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
$3,631/month
The payment includes
Rent
$3,127
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 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
$463,049
Cumulative Down Payment
$23,152
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,152
Buyback Price
$419,999
Cumulative Down Payment
$11,051
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,051
Buyback Price
$440,999
Cumulative Down Payment
$17,102
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,102
Buyback Price
$463,049
Cumulative Down Payment
$23,152
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,152
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
$3,631/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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