Rent to Own Home – #175, 3308 113 Avenue NW, Edmonton, Alberta














































#175, 3308 113 Avenue NW, Edmonton
This affordable townhome was built in 1972 and has 1100 sqft of living space, not including the basement, and is great for the first-time home buyer who is trying to get into the market. It has 3 bedrooms and 1½ bathrooms and a full basement that is waiting for you to develop according to your tastes. Also includes a small, fully fenced back yard, one assigned energized parking stall in front, visitor parking for the complex, and plenty of street parking.
Asking Price: $175,000
Down Payment Required: $17,500 (10%), all of which goes against the Sale Price
Monthly Rent: $1895, of which $200 is credited towards your equity
Term: You have 4 years to buy the property
Our goal is for you to own this home, so we connect you with a mortgage broker right from the beginning, who will assess your situation and give you a detailed gameplan as to the path you must walk to be able to complete the purchase within the term. The mortgage broker will stay in touch with you for the duration of the term, checking in on your progress to ensure your success in achieving home ownership.
Your monthly rent covers all of the monthly costs to live here, except for your utilities and tenant insurance.
Rundle Heights is a residential neighbourhood in Edmonton, Alberta, Canada, overlooking the North Saskatchewan River valley. Named for Methodist missionary Robert Terrill Rundle, the area developed primarily in the 1960s and 1970s. It is known for its mix of housing types, including single-detached houses, row houses, and apartment complexes.
Key features of Rundle Heights:
Historical context: The area was previously part of the Town of Beverly, which later amalgamated with Edmonton.
Development: Residential development began in the southwest portion of the neighbourhood and spread north and east.
Housing types: A mix of single-detached housing, row houses, and apartment complexes.
River Valley: Located on a ridge overlooking the North Saskatchewan River valley.
Park and recreation: Features Rundle Park, a popular educational and recreational space.
Schools: Has both public and Catholic elementary schools.
Commercial area: Served by businesses in Abbottsfield Mall and Sutter Hill Shopping Centre.
Former landfill: Portions of the area were previously used as a landfill site for Beverly.
Landmarks: Rundle Park, Rundle Heights Elementary School, St. Jerome Catholic Elementary School, Faith Luther Private School, and Abbottsfield Mall.