1474 Knottwood Rd
Edmonton, Alberta T6K2J9
2+2 beds• 2 baths• 998 sqft
Description
Location, Location, Location! Welcome Home to this affordable 4 bedroom, 2 bathroom half duplex in the desirable community of Ekota! Perfect for first-time home buyers, those looking to downsize or investors searching for a great rental income opportunity! This bright and inviting home features an open-concept layout with plenty of natural light, a spacious living area and a functional kitchen complete with beautiful maple cabinetry. Offering 2 bedrooms upstairs and 2 additional bedrooms in the basement, this home provides plenty of space for growing families or guests. The basement also features a generously sized laundry room with additional storage space. Step outside and enjoy your fully fenced backyard, perfect for kids, pets, entertaining or relaxing during those warm summer days! Conveniently located close to schools, parks, shopping, public transit and everyday amenities. An incredible opportunity to own an affordable home in a fantastic location! (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1975
● Square Footage
998 sqft
● Stories
--
● Bedrooms
2+2
● Bathrooms
2
● Parking
--
● Neighbourhood
Ekota
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$339,900
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
$3,059/month
The payment includes
Rent
$2,651
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$408
Each month, $408 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
$393,477
Cumulative Down Payment
$19,674
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,674
Buyback Price
$356,895
Cumulative Down Payment
$9,891
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,891
Buyback Price
$374,740
Cumulative Down Payment
$14,783
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,783
Buyback Price
$393,477
Cumulative Down Payment
$19,674
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,674
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
$3,059/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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