Rent to Own Property – 2551 204 Street NW, Edmonton, Alberta

2551 204 Street NW, Edmonton

This brand new executive home, located in The Uplands, boasts over 2460 sqft above grade, 4 bedrooms and 3 full baths. It was built by Homes by Avi and is the Jefferson model. The property is already landscaped and fenced, and we are looking at putting on a new deck in the back yard. Features include air conditioning, a double attached garage, large pantry, living room, dining area, fireplace and guest bedroom on the main floor. Upstairs boasts a large bonus/media room, laundry room, enormous master bedroom with 6-pc ensuite, and the other two kids rooms. The basement is unfinished and has a separate side entrance so you can suite it out if you want.

Asking Price: $729,900

Down Payment Required: $55,000 (just over 7%!), all of which goes against the Sale Price

Monthly Rent: $3500, of which $400 is credited towards your equity

Term: You have 5 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.

The Uplands is a residential neighborhood in southwest Edmonton, specifically within the Riverview community, known for its higher elevation and its connection to the "Ribbon of Green". It's characterized by a mix of single-family homes and townhouses, with a significant portion of residents owning their homes. The community offers a variety of amenities, including parks, playgrounds, walking trails, and easy access to schools, recreation facilities, and shopping areas. 

Here's a more detailed description:

  • Location:

    Situated in southwest Edmonton, south of Edgemont and west of Anthony Henday Drive, it's part of the larger Riverview community. 

  • Housing:

    Predominantly single-detached homes and townhouses, with a mix of older and newer construction. 

  • Amenities:

    • Parks and green spaces: Features Wedgewood Creek ravine, playgrounds, parks, and walking trails. 

    • Recreation: Nearby is the Terwillegar Community Recreation Centre, which offers swimming, fitness, and skating. 

    • Schools: Excellent educational opportunities, including Lillian Osborne High School and Monsignor William Irwin Catholic School, are located nearby. 

    • Shopping: Convenient access to shopping centers like Hampton Terrace, Superstore, and West Edmonton Mall. 

  • Overall Character:

    A peaceful and tucked-away atmosphere while still offering convenient access to major roadways. 

  • Planning:

    The Uplands is a planned community with a focus on blending nature with residential areas.