Lacombe, Alberta T4L1N4
1+2 beds• 3 baths• 1,340 sqft
An incredible opportunity awaits first-time homebuyers or savvy investors with an illegal-suit. The structure is a detached bungalow built in 1948 , with an addition modified to a bi-level design to the original build. An oversized heated double garage was completed around 2017; this property offers an exceptional functional layout. Inside, you will find durable, easy-to-clean flooring consisting of a rich mix of hardwood, tile, and vinyl plank throughout. The main level welcomes you with a foyer entranceway, a convenient hallway with a half bath, and main-floor laundry located in this area. A separate hallway connects the spacious living and dining room area to the impressive addition. The kitchen features granite countertops and a movable island pedestal. Tucked privately off the kitchen is the primary bedroom complete with an ensuite 5-piece bathroom featuring a jet tub. Stepping outside the kitchen, you will find a private deck area that overlooks the yard and offers direct stair access to the garage man-door.The lower level features a fully finished basement with its own private exterior entrance, as well as an interior connecting stairwell to the upper floor. It includes central utility space for the entire structure along with a separate living room, dining and kitchen areas, and 2 dedicated bedroom spaces—creating a fully defined living zone. Outside, parking and storage options are unmatched, boasting two front parking spaces, two additional spaces on the rear pad, and the oversized heated double garage. Key mechanical and exterior updates provide total peace of mind, highlighted by a solar panel system that drastically reduces or eliminates monthly power bills, central air conditioning, vinyl siding, a roof updated approximately ten years ago, and a hot water tank replaced around seven years ago. The Furnace was replaced within the last year. The unique layout gives adults and teenagers their own distinct living levels. This versatile property is a rar e find, perfectly located close to all local amenities with rapid access to Highway 2A and the QEII. This home sits just 20 minutes from Red Deer, less than an hour from Edmonton International Airport, and roughly one hour from Edmonton city limits. Whether you bring a few cosmetic touch-ups to transform this into a wonderful space for family or tenant alike (id:39198)
● Building Type
House
● Year built
1948
● Square Footage
1,340 sqft
● Stories
1
● Bedrooms
1+2
● Bathrooms
3
● Parking
5
● Neighbourhood
Downtown Lacombe
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Walk-up, Suite
● Parking Type
--
● Time on REALTOR.ca
72 days
Home price
$329,900
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
$2,964/month
The payment includes
Rent
$2,572
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$392
Each month, $392 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$381,900
Cumulative Down Payment
$19,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,095
Buyback Price
$346,395
Cumulative Down Payment
$9,698
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,698
Buyback Price
$363,715
Cumulative Down Payment
$14,397
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,397
Buyback Price
$381,900
Cumulative Down Payment
$19,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,095
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
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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