Nw - 5508 92c Av
Edmonton, Alberta T6B2K6
3 beds 2 baths 1,173 sqft
Description
A rare find in the heart of Ottewell! Bring your vision to life and make the most of everything this established community has to offer! Backing onto green space with a walking path just beyond the backyard, this property offers a lovely backdrop and a little extra breathing room. Enjoy the convenience of a carport, a good-sized fenced yard and being within walking distance to schools, parks, transit and a wide range of amenities. With mature trees, quiet streets and so much to enjoy right outside your door, the possibilities here are exciting. The home is in need of extensive TLC and substantial renovations, making it an ideal opportunity for investors, renovators, or buyers looking for their next project. Whether you're looking to renovate, flip or create something of your own, this is your chance to unlock the potential of a property in a highly desirable neighbourhood. Great opportunities in areas like this are hard to find, and this one is full of possibilities!! (id:39198)
Facts & Features
● Building Type
House
● Year built
1977
● Square Footage
1,173 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Ottewell
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$250,000
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
$2,356/month
The payment includes
Rent
$2,093
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$263
Each month, $263 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
$289,406
Cumulative Down Payment
$14,470
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,470
Buyback Price
$262,500
Cumulative Down Payment
$8,157
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,157
Buyback Price
$275,625
Cumulative Down Payment
$11,314
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,314
Buyback Price
$289,406
Cumulative Down Payment
$14,470
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,470
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
$2,356/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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