16 Gainsboro Rd
Sherwood Park, Alberta T8A2J8
3+1 beds 3 baths 1,292 sqft
Description
Original owners! This lovingly maintained 1292 sqft Glen Allan bungalow is located on a mature, tree lined street. The main floor living room offers gleaming hardwood flooring and a wall of windows offering plenty of natural light. The renovated kitchen includes a large dining area, built in wall ovens, & an island with counter top gas range. Primary bedroom w/2 piece ensuite, bedroom 2 comes with it's very own Murphy bed, and bedroom 3 is well sized. Renovated main bathroom with jet tub. The basement is developed with a large family room & recreation room with bar and woodburning fireplace. Also in the basement you'll find bedroom #4, a 3 piece bathroom with shower, large laundry & utility room, and plenty of storage. Walk to all levels of schools (K-12), Glen Allan Rec Centre, shopping, etc. Additional features: upgraded shingles (2019) & new furnace (2025). OVERSIZED GARAGE IS 24'X24', heated & insulated. An immaculate smoke & pet free home. (Some photos are virtually staged - furnishings only). (id:39198)
Facts & Features
● Building Type
House
● Year built
1973
● Square Footage
1,292 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
3
● Parking
5
● Neighbourhood
Glen Allan
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$479,900
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
$4,469/month
The payment includes
Rent
$3,760
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$710
Each month, $710 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
$555,544
Cumulative Down Payment
$30,554
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$25,554
Buyback Price
$503,895
Cumulative Down Payment
$13,518
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,518
Buyback Price
$529,090
Cumulative Down Payment
$22,036
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$17,036
Buyback Price
$555,544
Cumulative Down Payment
$30,554
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$25,554
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
$4,469/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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