1285 Cunningham Dr
Edmonton, Alberta T6W0R7
3 beds• 3 baths• 1,222 sqft
Description
Welcome to this well-maintained 2-storey half duplex in family-friendly Callaghan, SW Edmonton. Already rented for $1,950/month, with tenants paying all utilities, investors can enjoy immediate rental income without searching for tenants. Located on a quiet street with no rear neighbours, this home offers a large south-facing, fenced backyard with a deck. The open-concept main floor features hardwood flooring, a bright kitchen with granite countertops, tile backsplash, ample cabinetry, and a large island overlooking the living and dining areas with backyard access. A 2-piece bath completes this level. Upstairs offers 3 spacious bedrooms, including a primary suite with double closets and an ensuite. Two additional bedrooms and a full bathroom complete this level. Close to schools, shopping, transit, and amenities, with easy access to Ellerslie Road, Anthony Henday Drive, 41 Avenue, and Highway 2. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
2010
● Square Footage
1,222 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
3
● Parking
--
● Neighbourhood
Callaghan
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$375,000
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
$3,393/month
The payment includes
Rent
$2,929
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$464
Each month, $464 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
$434,109
Cumulative Down Payment
$21,705
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,705
Buyback Price
$393,750
Cumulative Down Payment
$10,568
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,568
Buyback Price
$413,438
Cumulative Down Payment
$16,137
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,137
Buyback Price
$434,109
Cumulative Down Payment
$21,705
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,705
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
$3,393/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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