10106 85a Street
Grande Prairie, Alberta T8X0R1
5 beds 2 baths 1,078 sqft
Description
This impressive legal up/down duplex in desirable Crystal Landing offers an excellent opportunity for investors or buyers looking for a quality income-producing property. Fully rented and well maintained since new, the home features two completely self-contained legal suites, each thoughtfully designed with modern finishes, stainless steel appliances, tile backsplashes, and separate gas meters.The upper suite offers three bedrooms, a full bathroom, spacious living areas, and its own private garage, entrance, laundry, furnace, and hot water tank.The bright and inviting legal basement suite features tall ceilings, two spacious bedrooms, a full bathroom, and its own private garage, entrance, laundry, furnace, and hot water tank—providing excellent separation and privacy between the two units.Outside, you'll find a fully fenced backyard with no rear neighbours, adding additional privacy and appeal for tenants.The property is currently fully rented, generating $2,200/month plus gas for the upper suite and $1,850/month for the lower suite, for a combined rental income of $4,050/month.A well-designed, turnkey investment property with strong rental income and two legal suites in a great Crystal Landing location. Quick possession is available. (id:39198)
Facts & Features
● Building Type
House
● Year built
2015
● Square Footage
1,078 sqft
● Stories
--
● Bedrooms
5
● Bathrooms
2
● Parking
4
● Neighbourhood
Crystal Landing
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
72 days
Home price
$540,000
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
$5,139/month
The payment includes
Rent
$4,235
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$903
Each month, $903 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
$625,118
Cumulative Down Payment
$37,512
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$32,512
Buyback Price
$567,000
Cumulative Down Payment
$15,837
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,837
Buyback Price
$595,350
Cumulative Down Payment
$26,675
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$21,675
Buyback Price
$625,118
Cumulative Down Payment
$37,512
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$32,512
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
$5,139/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
Recently Listed Homes in Grande Prairie, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.