11716 124 St
Edmonton, Alberta T5M0K9
3+2 beds• 4 baths• 1,518 sqft
Description
INVESTOR ALERT! Exceptional 4-Plex Opportunity! This fantastic revenue property features 4 self-contained suites consisting of three 1-bedroom units and one spacious 2-bedroom unit. Situated on a large lot with a double detached garage & plenty of additional parking. Each suite has its own power meter, helping reduce operating expenses & simplify management. Upgrades completed over the years: shingles, furnace, hot water tank & sewer line. The main floor offers a bright & spacious 2-bedroom suite and 1-bedroom suite, while the lower level contains two additional 1-bedroom suites, maximizing rental income opportunities. Side entrance access to the utility room & laundry area featuring a coin-operated washer. Easy access to Westmount Mall/Kingsway Mall/downtown/public transit/schools & all amenities, high-demand rental location, strong tenant appeal. Perfect for investors or live in one unit and rent out the rest of the units. Don’t miss this rare opportunity! (id:39198)
Facts & Features
● Building Type
Fourplex
● Year built
1956
● Square Footage
1,518 sqft
● Stories
--
● Bedrooms
3+2
● Bathrooms
4
● Parking
4
● Neighbourhood
Inglewood (Edmonton)
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
1 day
Home price
$599,000
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
$5,795/month
The payment includes
Rent
$4,703
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$1,093
Each month, $1,093 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
$693,417
Cumulative Down Payment
$44,342
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,342
Buyback Price
$628,950
Cumulative Down Payment
$18,114
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$13,114
Buyback Price
$660,398
Cumulative Down Payment
$31,228
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$26,228
Buyback Price
$693,417
Cumulative Down Payment
$44,342
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,342
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
$5,795/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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