2 Fermont St
St. Albert, Alberta T8N1W8
3 beds• 3 baths• 1,275 sqft
Description
Curb appeal plus! 1275 sq ft bungalow on large lot on quiet street in Forest Lawn. 4 bedrooms /3 bathrooms, fully finished basement make this a move in friendly home as is,- huge potential to make it your own. Mid-century modern aesthetic with Vaulted /Beamed living and dining room, huge windows filling the space with light. Large kitchen with breakfast nook. Main floor 4 pce bathroom, primary bedroom w/3 pce ensuite bath, two secondary bedrooms make up the main floor. Back entry with direct access to the basement and the attached single garage. (would be ideal plan to add a basement suite if desired) New shingles in 2025, new hot water tank in 2021, furnace serviced with new Blower/ capacitator Dec '25 Wide open space finished basement provide room for recreation room, games room, utility/laundry room, a 4th bedroom, and a den or storage room and a 2 pce bathroom. Huge yard features a large deck, firepit and huge open space for fun, games and the perfect yard to develop. Your dream to develop! (id:39198)
Facts & Features
● Building Type
House
● Year built
1973
● Square Footage
1,275 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
3
● Parking
3
● Neighbourhood
Forest Lawn (St. Albert)
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
2 days
Brokerage Name: Century 21 Masters
Home price
$424,900
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
$3,868/month
The payment includes
Rent
$3,324
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$544
Each month, $544 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
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
Buyback Price
$446,145
Cumulative Down Payment
$11,531
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,531
Buyback Price
$468,452
Cumulative Down Payment
$18,062
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,062
Buyback Price
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
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
$3,868/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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