7612 40 Av
Edmonton, Alberta T6K0X5
3+2 beds• 3 baths• 1,342 sqft
Description
Over 1300 sq ft bungalow with the costly upgrades already completed to this 5 bedroom home with triple garage! Bring your decorating ideas to modernize this home, but don't worry about the big ticket costly renovations. Updates include: vinyl windows, shingles, high efficiency furnace and hot water tank, Central A/C and a sump pump. The triple garage is heated and includes 10' ceiling, drywalled interior, mechanics exhaust fan, plus there is an additional carport for more covered parking. This larger bungalow has spacious bedrooms, master that includes an ensuite bath and a functional kitchen space that overlooks the yard. Large L shaped living dining space is perfect for entertaining. Downstairs, the basement is finished with a rec room, 2 additional bedrooms (one needs a closet), and a hot tub in the 3rd bathroom. Quick possession is possible with this home that is one house away from a park and 3 schools. Excellent location for a young family. (id:39198)
Facts & Features
● Building Type
House
● Year built
1974
● Square Footage
1,342 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
3
● Parking
6
● Neighbourhood
Tweddle Place
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
1 day
Home price
$450,000
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
$4,137/month
The payment includes
Rent
$3,523
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$614
Each month, $614 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
$520,931
Cumulative Down Payment
$27,093
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$22,093
Buyback Price
$472,500
Cumulative Down Payment
$12,364
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,364
Buyback Price
$496,125
Cumulative Down Payment
$19,729
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$14,729
Buyback Price
$520,931
Cumulative Down Payment
$27,093
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$22,093
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
$4,137/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
Recently Listed Homes in Edmonton, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.