5709 55 Avenue
Lacombe, Alberta T4L1L8
3+1 beds• 3 baths• 1,318 sqft
Description
Enjoy morning coffee on the enclosed deck, then take in the space and privacy of this impressive 62’ x 160’ fully fenced yard. With 2026 landscaping, new sod and fencing, a 10’ x 10’ shed, and a new concrete driveway, there’s plenty of room to enjoy the outdoors. This well-maintained 1,318 sq. ft. bi-level also offers a separate entrance to a gorgeous, bright illegal suite. The insulated, heated 24’ x 20’ garage is a great spot to tinker, with a pellet stove and a WETT inspection completed in 2026. Recent updates include fresh paint throughout the home in 2025, exterior paint on the house and garage in 2026, new front and exterior doors, and newer casing, baseboards and trim. The shingles, two furnaces and hot water tank were replaced in 2017. Additional features include an updated electrical panel, copper and PEX plumbing, newer vinyl windows, central air, a water softener, and in-floor heat in both bathrooms and the downstairs bedroom. Laundry is available on both levels with hookups for a stackable downstairs. The appliance package includes two stoves, two refrigerators, two microwaves and two dishwashers. The washer and dryer are new in 2026 and come with a five-year transferable warranty. (id:39198)
Facts & Features
● Building Type
House
● Year built
1973
● Square Footage
1,318 sqft
● Stories
--
● Bedrooms
3+1
● Bathrooms
3
● Parking
4
● Neighbourhood
Downtown Lacombe
● Land size
--
● Heating type
Forced air, Natural gas, Other
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
1 day
Home price
$475,000
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
$4,415/month
The payment includes
Rent
$3,721
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$694
Each month, $694 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
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
Buyback Price
$498,750
Cumulative Down Payment
$13,329
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,329
Buyback Price
$523,688
Cumulative Down Payment
$21,658
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$16,658
Buyback Price
$549,872
Cumulative Down Payment
$29,987
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,987
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
$4,415/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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