Sherwood Park, Alberta T8A1K7
3+1 beds 1 bath 1,044 sqft
Sherwood Heights bungalow with a smart layout and a huge 65x120 lot, plus a unique pull-through attached double garage! Located on a quiet cul-de-sac, just a short walk from parks and schools, plus town center and Broadmoor Lake. Stepping into the home you’ll find a sunny living room with hardwood floors and a big picture window, and a smart kitchen with built-in storage, vinyl plank floors and a window overlooking the yard. The main floor offers 3 large bedrooms including a spacious primary, plus a modern bathroom with a tub/shower. The basement is partly finished with two large family room areas, a 4th bedroom, a laundry room and lots of space for storage, plus a setup for a future full bathroom. Outside you’ll find an enormous backyard with a covered patio on a massive 7800sqft lot. The attached garage is a pull-through tandem double with overhead doors at the front and back – perfect for a dream workshop or storing ATVs or other toys. Recent upgrades include furnace (2022), roof (2023) and HWT (2019). (id:39198)
Home price
$380,000
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
$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.
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
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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next steps toward homeownership.