11320 97 Street
Grande Prairie, Alberta T8V3M9
3 beds• 2 baths• 960 sqft
Description
Legal updated up/down duplex situated on a quiet street in Mountview subdivision with no rear neighbors. Situated on a massive fenced lot, close to several amenities, public bus stops, and schools. Upper unit boasts open concept between the kitchen, dining and living room with large windows for natural light. Remainder of upper unit has 3 bedrooms, full bathroom, and its own laundry. Lower unit is renovated recently again has open concept between kitchen, dining and living room two bedrooms and full bathroom plus utility /storage room as well as own laundry connections. Each unit does have its own entrance completely. Driveway allows for ample parking + no lack of street parking and a playground just down the road. Backyard is west backing and fully fenced. Current upstairs is rented for $1750.00 plus portion of utilities. Lower unit is vacant and ready for you to move in or fill easily with a new tenant. Book your viewing today as this potential for building your growing rental portfolio , or entering into home ownership with a mortgage helper. (id:39198)
Facts & Features
● Building Type
House
● Year built
1972
● Square Footage
960 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
5
● Neighbourhood
Mountview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
2 days
Brokerage Name: RE/MAX Grande Prairie
Home price
$429,900
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
$3,916/month
The payment includes
Rent
$3,364
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$552
Each month, $552 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
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
Buyback Price
$451,395
Cumulative Down Payment
$11,628
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,628
Buyback Price
$473,965
Cumulative Down Payment
$18,255
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,255
Buyback Price
$497,663
Cumulative Down Payment
$24,883
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,883
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
$3,916/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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Have Questions About Rent-to-Own? Let's Talk.
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