10029 105 Avenue
Grande Prairie, Alberta T8V1H2
3 beds• 2 baths• 1,288 sqft
Description
Here's your chance to own an investment property with steady rental income! This 3-bedroom, 1.5-bathroom two-storey unit is ideally located just minutes from downtown, schools, shopping, and everyday amenities, making it a highly desirable spot for tenants. The main floor features an open-concept layout with a bright living room, dining area, and functional kitchen boasting plenty of cabinetry and counter space, a convenient half-bathroom, and a utility/laundry room round out the main level. Upstairs, you'll find three spacious bedrooms and a full bathroom with generous vanity space, plus the added bonus of an upper-floor laundry room, eliminating the hassle of hauling laundry up and down the stairs. This property is currently rented for $1400/month and has been a solid income generator since day one. Looking to expand your portfolio? The neighboring "D" unit is also available for sale! Whether you're a first-time investor or growing your rental portfolio, don't miss this affordable, income-producing opportunity! (id:39198)
Facts & Features
● Building Type
Row / Townhouse
● Year built
2004
● Square Footage
1,288 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
2
● Parking
2
● Neighbourhood
Avondale South
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
None
● Parking Type
--
● Time on REALTOR.ca
18 days
Brokerage Name: Sutton Group Grande Prairie Professionals
Home price
$185,000
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
$1,734/month
The payment includes
Rent
$1,575
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$159
Each month, $159 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
$214,161
Cumulative Down Payment
$10,708
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,708
Buyback Price
$194,250
Cumulative Down Payment
$6,903
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$1,903
Buyback Price
$203,963
Cumulative Down Payment
$8,805
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$3,805
Buyback Price
$214,161
Cumulative Down Payment
$10,708
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$5,708
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
$1,734/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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