5305 91 Av
Edmonton, Alberta T6B0R3
3 beds 2 baths 1,266 sqft
Description
DIAMOND IN THE ROUGH IN DESIRABLE OTTEWELL! Fantastic opportunity to renovate and make this spacious 1,266 sq. ft. bungalow your own! Situated on a generous lot in one of Edmonton's most desirable mature neighbourhoods, this home offers 3 bedrooms on the main floor, a 2-piece ensuite and original hardwood floors just waiting to be restored to their natural beauty. The fully finished basement features a spacious rumpus room and an additional room offering flexible living space. The original kitchen provides a blank canvas for your renovation ideas. Additional highlights include a newer roof, newer fencing, a 20' x 22' garage and extra rear parking. With solid potential and plenty of opportunity to add value, this property is ideal for renovators, investors or buyers looking to create their dream home. Conveniently located close to schools, parks, shopping, transit and downtown Edmonton. (id:39198)
Facts & Features
● Building Type
House
● Year built
1961
● Square Footage
1,266 sqft
● Stories
1
● 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
$399,900
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
$3,630/month
The payment includes
Rent
$3,126
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
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
Buyback Price
$419,895
Cumulative Down Payment
$11,049
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,049
Buyback Price
$440,890
Cumulative Down Payment
$17,098
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,098
Buyback Price
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
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
$3,630/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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