469 Cranberry Wy
Sherwood Park, Alberta T8H2L7
3 beds 4 baths 1,485 sqft
Description
Perfect First Home, lcoated on a corner lot next to Trillium School, in Lakeland Ridge! NEW SHINGLES 2025. Fully finished 2-storey half-duplex in a family-friendly neighborhood. Bright and inviting with a smart floor plan featuring a spacious living room with corner gas fireplace, adjoining dining nook, new luxury vinyl plank flooring.The modern kitchen includes SS appliances, glass tile backsplash & island with an eating bar. Garden doors open to a two-tiered deck and private backyard—perfect for relaxing or entertaining. Main floor flex room ideal for a home office, plus a convenient 2-piece bathroom. Upstairs, find three bedrooms, a full 4-piece bath, and a primary suite with 4-piece ensuite. The basement adds a rec room, den ( with potential for 4th bedroom) 3-piece bathroom, laundry, and plenty of storage. Complete with double detached garage, extra parking pad, landscaped, and charming front verandah. Fantastic location, steps from Lakeland Ridge School, parks, playgrounds, shopping, and transit. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
2003
● Square Footage
1,485 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
4
● Parking
--
● Neighbourhood
Lakeland Ridge
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
131 days
Home price
$468,000
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
$4,337/month
The payment includes
Rent
$3,665
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$672
Each month, $672 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
$541,769
Cumulative Down Payment
$29,177
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,177
Buyback Price
$491,400
Cumulative Down Payment
$13,059
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,059
Buyback Price
$515,970
Cumulative Down Payment
$21,118
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$16,118
Buyback Price
$541,769
Cumulative Down Payment
$29,177
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,177
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
$4,337/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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