8728 163 St
Edmonton, Alberta T5R2N6
3+1 beds• 2 baths• 1,087 sqft
Description
Opportunity awaits in West Meadowlark Park! Situated on a 5,820 sq. ft. lot, this 1,087 sq. ft. bungalow offers plenty of potential for homeowners, investors, renovators and builders. The main floor features three bedrooms, a spacious living room and kitchen, while the fully finished basement provides a fourth bedroom, large recreation room and additional bathroom. The property also features a fully fenced yard and single detached garage. Whether you're looking to renovate and build equity, take on your next flip or explore future redevelopment possibilities, this property offers several options worth considering, subject to municipal approvals. Located in an established neighbourhood close to schools, parks, shopping and everyday amenities, this is an opportunity to invest in a well-established west Edmonton community. (id:39198)
Facts & Features
● Building Type
House
● Year built
1962
● Square Footage
1,087 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
2
● Parking
--
● Neighbourhood
West Meadowlark Park
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
1 day
Home price
$335,000
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
$3,012/month
The payment includes
Rent
$2,613
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$400
Each month, $400 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
$387,804
Cumulative Down Payment
$19,390
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,390
Buyback Price
$351,750
Cumulative Down Payment
$9,797
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,797
Buyback Price
$369,338
Cumulative Down Payment
$14,593
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,593
Buyback Price
$387,804
Cumulative Down Payment
$19,390
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,390
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
$3,012/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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