9904 85 Avenue
Grande Prairie, Alberta T8V0A2
3 beds• 3 baths• 1,140 sqft
Description
Located in the quiet and established community of Highland Park, this bungalow offers a great opportunity for investors or first-time buyers. Close to schools, shopping, and everyday amenities, this is a location that continues to make sense for both living and renting. The upper level features a spacious and functional layout with a very large, open living and dining area, and a kitchen that is semi-open to the dining space, along with three bedrooms and one and a half bathrooms. The lower level has been fully renovated and offers a bright, modern feel, with the living room, dining area, and kitchen all open to one another, along with two bedrooms, one full bathroom, and all new appliances. With its own rear entrance, it provides privacy and flexibility for occupants. Both levels include their own laundry, adding convenience and separation. Situated on a large 7,800 sq ft lot, the property features a fully fenced backyard and off-street parking, making it practical for day-to-day living, and a solid opportunity with immediate functionality and room to add value over time. (id:39198)
Facts & Features
● Building Type
House
● Year built
1967
● Square Footage
1,140 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
3
● Parking
4
● Neighbourhood
Highland Park
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
2 days
Brokerage Name: Real Broker
Home price
$340,000
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
$3,060/month
The payment includes
Rent
$2,652
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$408
Each month, $408 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
$393,593
Cumulative Down Payment
$19,680
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,680
Buyback Price
$357,000
Cumulative Down Payment
$9,893
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,893
Buyback Price
$374,850
Cumulative Down Payment
$14,786
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,786
Buyback Price
$393,593
Cumulative Down Payment
$19,680
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,680
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
$3,060/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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