Spruce Grove, Alberta T7X0X7
3 beds 3 baths 1,670 sqft
Love the idea of a newer home but not the to-do list that comes with one? At this 2023 Tonewood half duplex the deck is built, the fence is up, the south facing yard is landscaped and the blinds are hung. It sits on a cul-de-sac, with a long driveway for extra parking and an attached double garage. One owner since new, with 1,670 sq ft, 3 bedrooms and 2.5 baths. On the main floor, a white kitchen with quartz counters, stainless appliances, an island and a pantry opens to the dining area and a sun-filled living room built around a linear fireplace wall with floating shelves. A mudroom and 2 pc bath sit just off the garage. Upstairs, a 12x16 family room separates the primary from the other two bedrooms, with the laundry room on the same level. The primary has a walk-in closet and a 4 pc ensuite with double sinks. The full basement is open for future development. Jubilee Park's trails, spray park and sports fields sit across from the community, with Century Crossing shopping nearby! (id:39198)
Home price
$460,000
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
$4,248/month
The payment includes
Rent
$3,602
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$646
Each month, $646 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
$532,508
Cumulative Down Payment
$28,251
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,251
Buyback Price
$483,000
Cumulative Down Payment
$12,750
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,750
Buyback Price
$507,150
Cumulative Down Payment
$20,501
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$15,501
Buyback Price
$532,508
Cumulative Down Payment
$28,251
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,251
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.