22 Lanterman Close
Red Deer, Alberta T4R3K3
2 beds• 2 baths• 1,026 sqft
Description
Live up and rent down in the family friendly community of Lancaster, just steps from Mattie McCullough School. This fully finished home offers 1,885 of developed living space, 4 bedrooms, 2 full bathrooms, and a double detached garage, making it an excellent opportunity for homeowners and investors alike.The property features two kitchens and two separate laundry areas, one up and one down, providing flexibility for extended family or rental potential. The basement kitchen, appliances, and cabinetry were updated in 2023, adding modern functionality to the lower level.The east facing front allows for bright mornings, while the west facing backyard is perfect for evening sun. The double detached garage is fully boarded and measures approximately 21'6 x 21'5, offering great space for parking, storage, or a workshop.A well rounded property in a convenient location with strong income potential and everyday comfort. Disclaimer: Some images have been virtually staged to illustrate potential use of space. Furniture and décor are not included. (id:39198)
Facts & Features
● Building Type
House
● Year built
2003
● Square Footage
1,026 sqft
● Stories
--
● Bedrooms
2
● Bathrooms
2
● Parking
2
● Neighbourhood
Lonsdale
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
33 days
Brokerage Name: Real Estate Professionals Inc.
Home price
$499,900
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
$4,692/month
The payment includes
Rent
$3,918
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$774
Each month, $774 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
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
Buyback Price
$524,895
Cumulative Down Payment
$14,290
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$9,290
Buyback Price
$551,140
Cumulative Down Payment
$23,580
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$18,580
Buyback Price
$578,697
Cumulative Down Payment
$32,870
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$27,870
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
$4,692/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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