140 Willow St
Sherwood Park, Alberta T8A1P2
3 beds 2 baths 1,052 sqft
Description
Opportunity awaits in the desirable and centrally located community of Sherwood Heights! This 3-bedroom bungalow offers loads of potential for first-time buyers, renovators or investors looking for a property they can make their own. The main floor features a cute front entry, a spacious living room with a large bay window and plenty of natural light, a cozy kitchen with classic charm, three bedrooms and a 4-piece bathroom. Downstairs you’ll find a large recreation room, laundry area, den, additional storage and partially unfinished space ready for future development. The basement also includes a secondary kitchen-style area with a fridge, adding even more possibilities to the layout. Outside, enjoy a generous backyard with plenty of room to relax, garden or create your ideal outdoor space. Located close to schools, parks, shopping and amenities, this home offers a great chance to build equity in an established Sherwood Park neighbourhood. (id:39198)
Facts & Features
● Building Type
House
● Year built
1958
● Square Footage
1,052 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Sherwood Heights
● Land size
--
● Heating type
Forced air
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
55 days
Home price
$380,000
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
$3,441/month
The payment includes
Rent
$2,969
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$472
Each month, $472 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
$439,898
Cumulative Down Payment
$21,995
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,995
Buyback Price
$399,000
Cumulative Down Payment
$10,665
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,665
Buyback Price
$418,950
Cumulative Down Payment
$16,330
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,330
Buyback Price
$439,898
Cumulative Down Payment
$21,995
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,995
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
$3,441/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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