Rent to Own Home – 96 Taralake Rd NE, Calgary, Alberta

96 Taralake Rd NE, Calgary

This home was built in 2006 and has just received a refresh with new paint. It is located in Taradale in Calgary and features 1600 sqft of living space above grade, 5 bedrooms (3+2), 4½ bathrooms, and a full in-law basement suite. Features include a kitchen pantry and a laundry room upstairs.

Optionable Price: $625,000

Down Payment Required: $35,000 (just 5.6%!), all of which goes against the Sale Price

Monthly Rent: $2750, of which $300 is credited towards your equity

Term: You have 3 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.

Taradale is a residential neighbourhood in the northeastern part of Calgary, Alberta, Canada. It's located on the eastern edge of the city, bordering Saddle Ridge to the north, Falconridge to the south, and Martindale to the west. The neighbourhood is characterized by low-density residential development, primarily single-detached homes and row houses. Taradale was annexed to the City of Calgary in 1961, but development didn't begin until 1984. The area is known for its peaceful and family-friendly atmosphere, with many green spaces. 

Here's a more detailed look:

  • Location:

    Taradale is situated on the northeast edge of Calgary's built-up area, bounded by Saddle Ridge, Falconridge, and Martindale. 

  • Land Use:

    The primary land use is low-density residential, with a mix of single-detached homes and row houses. 

  • History:

    Taradale was annexed into the City of Calgary in 1961, but development occurred later, in the 1980s. 

  • Character:

    The community is known for its calm, family-friendly environment, with numerous green spaces and parks. 

  • Notable Features:

    Taradale features two ponds with surrounding pathways, offering residents recreational opportunities. 

  • Transportation:

    Taradale is well-connected to major roads and transit lines, with bus stops readily accessible.