5520 60 Avenue
Red Deer, Alberta T4N4W1
3 beds• 1 bath• 1,030 sqft
Description
Half Duplex in Riverside Meadows! This bungalow offers exceptional convenience—just steps from schools, walking paths, parks, shopping, and the beautiful Bower Ponds recreation area. Featuring 3 bedrooms and 2 bathrooms, there is 3 more rooms in the basement and with some upgrading could be used for bedrooms. This home provides comfortable living with a functional layout perfect for families, first-time buyers, or investors.Enjoy a fully fenced, private yard complete with a storage shed and back-alley access. There’s ample parking with a front parking pad plus additional street parking, all situated directly across from a peaceful green space. A great opportunity in a mature, centrally located neighbourhood with so much to offer. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1964
● Square Footage
1,030 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
1
● Parking
2
● Neighbourhood
Riverside Meadows
● Land size
--
● Heating type
Natural gas, Central heating
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
5 days
Brokerage Name: CIR Realty
Home price
$215,000
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
$2,001/month
The payment includes
Rent
$1,794
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$207
Each month, $207 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
$248,889
Cumulative Down Payment
$12,444
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,444
Buyback Price
$225,750
Cumulative Down Payment
$7,481
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,481
Buyback Price
$237,038
Cumulative Down Payment
$9,963
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$4,963
Buyback Price
$248,889
Cumulative Down Payment
$12,444
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,444
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
$2,001/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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