6815 101 Av
Edmonton, Alberta T6A0H6
3+3 beds• 2 baths• 1,209 sqft
Description
Great investment opportunity in Terrace Heights! This raised bungalow with a legal basement suite sits on a large 635-square-meter lot in a prime location close to downtown. The upper suite features amazing vaulted ceilings, 3 bedrooms and a 4-piece bath. The basement suite has its own separate front entrance, large windows, 3 bedrooms and a 4-piece bath. Shared laundry, a chain-link fence and a large gravel pad for tenant parking add to the appeal, along with many vinyl windows. Start building your equity today! (id:39198)
Facts & Features
● Building Type
House
● Year built
1962
● Square Footage
1,209 sqft
● Stories
1
● Bedrooms
3+3
● Bathrooms
2
● Parking
--
● Neighbourhood
Terrace Heights (Edmonton)
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$435,000
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
$3,970/month
The payment includes
Rent
$3,404
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$565
Each month, $565 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
$503,567
Cumulative Down Payment
$25,357
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,357
Buyback Price
$456,750
Cumulative Down Payment
$11,786
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,786
Buyback Price
$479,588
Cumulative Down Payment
$18,571
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,571
Buyback Price
$503,567
Cumulative Down Payment
$25,357
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,357
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
$3,970/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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