89 Erin Ridge Dr
St. Albert, Alberta T8N2B8
4 beds• 3 baths• 2,157 sqft
Description
Welcome to the highly desirable community of Erin Ridge, a community appreciated for it's strong family appeal. The main floor is bright and spacious, featuring a large living room, a family room with a gas fireplace, and a well-appointed kitchen with a pantry. Upstairs, you’ll find a generous bonus room with a second gas fireplace, along with 4 bedrooms, including a spacious primary suite complete with a walk-in closet and 4-piece ensuite. The unfinished basement provides a blank canvas to create the space that suits your needs. Additional features include central A/C, a double attached garage, and a fully fenced backyard with a large deck—perfect for summer entertaining. This beautiful 2-storey home is ideally located near schools, shopping, Costco, and quick access to Anthony Henday. Recent updates include the roof, furnace & hot water tank (2023) A/C (2024), appliances & blinds (2022). Located in one of St. Albert’s most desirable communities, this is a fantastic opportunity to call home. (id:39198)
Facts & Features
● Building Type
House
● Year built
2007
● Square Footage
2,157 sqft
● Stories
2
● Bedrooms
4
● Bathrooms
3
● Parking
--
● Neighbourhood
Erin Ridge
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
1 day
Brokerage Name: Exp Realty
Home price
$565,000
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
$5,417/month
The payment includes
Rent
$4,433
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$983
Each month, $983 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
$654,058
Cumulative Down Payment
$40,406
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$35,406
Buyback Price
$593,250
Cumulative Down Payment
$16,802
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$11,802
Buyback Price
$622,913
Cumulative Down Payment
$28,604
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$23,604
Buyback Price
$654,058
Cumulative Down Payment
$40,406
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$35,406
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
$5,417/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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