Edmonton, Alberta T5E0N8
3+3 beds• 2 baths• 1,046 sqft
LEGAL 3-BEDROOM BASEMENT SUITE in Killarney! This updated bungalow is ideal for investors, multi-generational families or buyers looking for a mortgage helper. Featuring 6 bedrooms and 2 full bathrooms, the home has been freshly painted throughout with modern updates and a welcoming feel. Upstairs offers 3 bedrooms and comfortable living spaces, while the fully finished basement features a legal 3-bedroom suite with its own entrance, kitchen, living area and laundry. The location is another big plus, with a park directly across the street, Mee-Yah-Noh Elementary, Killarney School and Queen Elizabeth High School nearby, plus easy access to Northgate Centre, 97 Street and Yellowhead Trail. Outside, enjoy a spacious yard with an apple tree and a double detached garage. With modern updates, a legal suite and amenities close by, this property offers plenty of versatility for homeowners and investors. Some photos virtually staged. (id:39198)
Home price
$425,000
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
$3,869/month
The payment includes
Rent
$3,325
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.
Here is the final price if I buy the house after:
Buyback Price
$491,991
Cumulative Down Payment
$24,600
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,600
Buyback Price
$446,250
Cumulative Down Payment
$11,533
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,533
Buyback Price
$468,563
Cumulative Down Payment
$18,066
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,066
Buyback Price
$491,991
Cumulative Down Payment
$24,600
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,600
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
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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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.