3211 Cherry Cr
Edmonton, Alberta T6X1Y5
3 beds• 3 baths• 1,638 sqft
Description
In the sought-after community of The Orchards at Ellerslie! Offering over 1,600 sq. ft. of living space, this well-maintained home features a bright open layout, and a large kitchen with upgraded cabinetry, and a large island. Upstairs offers 3 spacious bedrooms, a large primary suite with a walk-in closet and ensuite. Enjoy the oversized lot with landscaped yard, and double detached garage. Close to two schools, parks, walking trails, shopping, transit, The Orchards Club House, Costco, South Edmonton Common, Anthony Henday, Highway 2, and Edmonton International Airport. (id:39198)
Facts & Features
● Building Type
House
● Year built
2016
● Square Footage
1,638 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
3
● Parking
2
● Neighbourhood
The Orchards At Ellerslie
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$424,900
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
$3,868/month
The payment includes
Rent
$3,324
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$544
Each month, $544 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
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
Buyback Price
$446,145
Cumulative Down Payment
$11,531
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,531
Buyback Price
$468,452
Cumulative Down Payment
$18,062
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,062
Buyback Price
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
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
$3,868/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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