11171 62 Av
Edmonton, Alberta T6H1N3
2 beds 1 bath 757 sqft
Description
An exceptional opportunity to build your dream home in the heart of Parkallen! Surrounded by mature trees on a quiet street, this home is placed on an extra large 710m2 lot that is brimming with possibilities! As you step inside, you will immediately notice the original finishes in this bright 2 bedroom bungalow that needs significant repair and upgrading. Fully fenced, the massive back yard has space for RV parking and a large garden, with future possibilities for a large garage suite, which could be perfect for extended family or additional income. This lot allows you the freedom to design a home that offers the square footage you desire while still having plenty of outdoor space too! Live in a neighbourhood that values Community, Walk-ability, Bike-ability, & Green Space. Buns & Roses Organic Bakery, Columbian Coffee, Daycare, & Parkallen school are just steps away! Minutes to the University with easy access to the Whitemud, River Valley, Whyte Avenue, & Downtown. Make your vision a reality! (id:39198)
Facts & Features
● Building Type
House
● Year built
1951
● Square Footage
757 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
--
● Neighbourhood
Parkallen (Edmonton)
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$400,000
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
$3,631/month
The payment includes
Rent
$3,127
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 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
$463,050
Cumulative Down Payment
$23,153
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,153
Buyback Price
$420,000
Cumulative Down Payment
$11,051
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,051
Buyback Price
$441,000
Cumulative Down Payment
$17,102
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,102
Buyback Price
$463,050
Cumulative Down Payment
$23,153
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,153
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
$3,631/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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