6014 56 Avenue
Red Deer, Alberta t4n4r4
3 beds• 2 baths• 1,101 sqft
Description
Recently renovated, legally suited bungalow located on a double lot. 3 bedrooms up with an upgraded 4-piece bath. Spacious kitchen and dining room with plenty of room for more cabinets. The 2017 legalized basement is fully finished with 2bedrooms, a large storage room, separate laundry facilities (not shared), and a 3 piece bath. There is a separate entrance from the back ofthe home, with an enclosed boot room before heading down the stairs. The oversize single garage is dry-walled and heated (built-in 2002).Lots of parking in the mature yard with a parking pad beside and in front of the garage. (id:39198)
Facts & Features
● Building Type
House
● Year built
1958
● Square Footage
1,101 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
5
● Neighbourhood
Riverside Meadows
● Land size
--
● Heating type
Forced air, High-Efficiency Furnace, Natural gas, Hot Water
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: CIR Realty
Home price
$339,000
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
$3,050/month
The payment includes
Rent
$2,644
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$406
Each month, $406 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
$392,435
Cumulative Down Payment
$19,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,622
Buyback Price
$355,950
Cumulative Down Payment
$9,874
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,874
Buyback Price
$373,748
Cumulative Down Payment
$14,748
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,748
Buyback Price
$392,435
Cumulative Down Payment
$19,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,622
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
$3,050/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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