13620 119 Av


Edmonton, Alberta T5L2N6

2+2 beds 3 baths 1,073 sqft

Description

Morning coffee with a view of the park, and a suite downstairs that works as hard as you do. This renovated Dovercourt bungalow sits directly across from quiet green space. The main floor is filled with natural light, with hardwood floors and a contemporary European kitchen whose storage island opens onto a large deck. Originally three bedrooms, the main level now offers a generous primary retreat and a second spacious bedroom, and can easily be converted back. Downstairs, the professionally finished legal suite is completely separate, with its own entrance, kitchen and laundry, plus two primary bedrooms, each with a walk-in closet and private ensuite. It’s an ideal setup for rental income, extended family, or teenagers who need their own space. Outside, the large backyard offers RV parking and a double detached garage. Minutes from downtown and the University area, it’s a home for now, an investment for later, and a park across the street for every day in between. Some photos have been virtually staged. (id:39198)

Facts & Features

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● Building Type

House

● Year built

1955

● Square Footage

1,073 sqft

● Stories

1

● Bedrooms

2+2

● Bathrooms

3

● Parking

--

● Neighbourhood

Dovercourt

● Land size

--

● Heating type

Forced air

● Basement type

Finished, Full, Suite

● Parking Type

--

● Time on REALTOR.ca

0 days

Home price

$500,000

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$4,693/month

The payment includes

Rent

$3,919

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$774

Each month, $774 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:

1 year2 years3 years
Year 3

Buyback Price

$578,813

Cumulative Down Payment

$32,881

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$27,881

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

$4,693/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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