Nw - 11237 53 St
Edmonton, Alberta T5W3K8
2 beds 2 baths 1,206 sqft
Description
Tucked into the historic charm of the Highlands area, this is the kind of setting that creators and visionaries wait for. The property currently faces open school grounds and park space, capturing wide-open western skies and stunning evening sunsets pouring across the front of the lot. The Highlands: canopy-lined avenues, quick minutes to scenic Ada Boulevard and the river valley trail network, and a short jaunt to the beloved local bakeries, markets, and cafés that give this community its timeless character The site itself is a true standout—measuring a generous 52'11.5 frontage with rear lane access, offering the ideal width and rear alley setup to accommodate a traditional two-lot subdivision or other custom infill dreams. The existing 1.5-storey home retains vintage elements like real hardwood and historic windows, but requires major rehabilitation. This is an extraordinary footprint in one of Edmonton’s most treasured heritage communities. (id:39198)
Facts & Features
● Building Type
House
● Year built
1918
● Square Footage
1,206 sqft
● Stories
1.5
● Bedrooms
2
● Bathrooms
2
● Parking
4
● Neighbourhood
Highlands (Edmonton)
● Land size
--
● Heating type
Forced air
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$447,700
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
$4,111/month
The payment includes
Rent
$3,505
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$606
Each month, $606 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
$518,269
Cumulative Down Payment
$26,827
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$21,827
Buyback Price
$470,085
Cumulative Down Payment
$12,276
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,276
Buyback Price
$493,589
Cumulative Down Payment
$19,551
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$14,551
Buyback Price
$518,269
Cumulative Down Payment
$26,827
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$21,827
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
$4,111/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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