3621 51 Avenue
Red Deer, Alberta T4N4G3
1 bed• 2 baths• 970 sqft
Description
Welcome to 3621 B 51 Avenue – a beautifully maintained 3-bedroom, 2-bathroom half duplex in Red Deer's desirable South Hill neighborhood. This inviting home combines a practical layout with thoughtful updates, making it ideal for first-time buyers, downsizers, or savvy investors.Inside, you’ll notice stunning new luxury vinyl plank flooring throughout the main level, offering both durability and modern appeal. The spacious living room boasts vaulted ceilings, abundant natural light, and a cozy gas fireplace – perfect for relaxing or entertaining guests. The kitchen provides ample counter space, classic oak cabinetry, and a brand-new microwave to simplify daily living.The main floor also features a generously sized primary bedroom with double closets and a full 4-piece bathroom. Downstairs, discover a large family room, two additional bedrooms – one with a walk-in closet and the other with double closets – a second bathroom with a shower, a convenient laundry room, and plenty of storage space.Enjoy your morning coffee on the front deck, or unwind in the fully fenced backyard with low-maintenance landscaping, front and rear gate access, and a single detached garage. Several key updates provide peace of mind, including a new furnace and central A/C in 2019 (regularly serviced), shingles replaced in 2021, and new eaves in 2022. Move-in ready and ideally located near amenities, parks, and transit, this home is a fantastic opportunity you won’t want to miss! (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1997
● Square Footage
970 sqft
● Stories
--
● Bedrooms
1
● Bathrooms
2
● Parking
1
● Neighbourhood
South Hill
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
5 days
Brokerage Name: RE/MAX real estate central alberta
Home price
$330,000
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
$2,965/month
The payment includes
Rent
$2,573
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.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$382,016
Cumulative Down Payment
$19,101
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,101
Buyback Price
$346,500
Cumulative Down Payment
$9,700
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,700
Buyback Price
$363,825
Cumulative Down Payment
$14,401
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,401
Buyback Price
$382,016
Cumulative Down Payment
$19,101
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,101
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
$2,965/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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