970 Alder Ave
Sherwood Park, Alberta T8A1V6
2+2 beds 2 baths 1,041 sqft
Description
A beautifully updated home, an exceptional lot, and an enviable Sherwood Heights location. Situated on an impressive 954.1 sqm lot, this fully renovated bungalow offers modern comfort, generous space, and outstanding potential for investors, first-time buyers, or anyone looking to create their next chapter in a mature, sought-after community. The functional layout features 2 bedrooms upstairs, 2 more downstairs, and 2 full bathrooms, plus a spacious basement with abundant storage and second family room. The extensive driveway and single attached garage adds everyday convenience. Completely updated with new windows, new furnace, new appliances (excluding fridge, 2024), new electrical panel, and shingles replaced in 2015. Outside, the fully fenced yard offers endless possibilities for entertaining, gardening, kids, pets, or future expansion. Close to schools, parks, coffee shops, restaurants, shopping, and transit, this property offers a rare combination of land, updates, location, and long-term value. (id:39198)
Facts & Features
● Building Type
House
● Year built
1957
● Square Footage
1,041 sqft
● Stories
1
● Bedrooms
2+2
● Bathrooms
2
● Parking
5
● Neighbourhood
Sherwood Heights
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
50 days
Home price
$475,000
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
$4,415/month
The payment includes
Rent
$3,721
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$694
Each month, $694 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
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
Buyback Price
$498,750
Cumulative Down Payment
$13,329
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,329
Buyback Price
$523,688
Cumulative Down Payment
$21,658
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$16,658
Buyback Price
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
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
$4,415/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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