Grande Prairie, Alberta T8W2T2
2+2 beds 3 baths 1,080 sqft
Turnkey Legal Up/Down in Prime Location! Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this well-maintained, legally suited up/down home is an excellent opportunity. The upper suite offers a bright, functional living space featuring 2 bedrooms and 2 bathrooms. The spacious kitchen and dining area open onto a private deck, while the inviting living room provides plenty of room to relax. The primary bedroom includes a walk-in closet and a 3-piece ensuite, with a second generously sized bedroom, a 4-piece bathroom, and in-suite laundry completing the upper level. The lower suite features its own private entrance and a thoughtfully designed layout with a spacious kitchen and dining area, a comfortable living room, two generously sized bedrooms, a 3-piece bathroom with in-floor heating, and a dedicated laundry room. Each suite has its own private entrance, separate laundry, and ample storage, making this an ideal setup for tenants or multi-generational living. Situated on a desirable corner lot in a fantastic neighbourhood, you'll enjoy extra yard space, added privacy, and convenient access to parks, schools, shopping, and other everyday amenities. This is a turnkey investment opportunity you won't want to miss! (id:39198)
● Building Type
House
● Year built
2003
● Square Footage
1,080 sqft
● Stories
--
● Bedrooms
2+2
● Bathrooms
3
● Parking
2
● Neighbourhood
Mission Heights
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
126 days
Home price
$439,000
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
$4,014/month
The payment includes
Rent
$3,436
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$578
Each month, $578 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$508,197
Cumulative Down Payment
$25,820
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,820
Buyback Price
$460,950
Cumulative Down Payment
$11,940
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,940
Buyback Price
$483,998
Cumulative Down Payment
$18,880
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,880
Buyback Price
$508,197
Cumulative Down Payment
$25,820
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,820
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
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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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.