Red Deer, Alberta T4N2X7
3 beds• 2 baths• 1,000 sqft
UPDATED EXTERIOR | DESIRABLE MOUNTVIEW LOCATION ~ Welcome to this well-located bungalow situated on a pie-shaped lot with a sunny SOUTH-FACING BACKYARD in the mature community of Mountview. This lovely neighbourhood is known for its tree-lined streets, parks, and central location close to schools and amenities. ~ With 3 bedrooms up, 2 down, and a rear entry to the basement, this home offers excellent flexibility for families or investors looking to build a suite. ~ Major upgrades completed in 2020 include NEW SHINGLES, SIDING, and a NEW SEWER LINE with backflow preventer up to the city line, providing peace of mind on the big-ticket items. ~ The main floor features a large kitchen, bright living space, and a functional layout with three bedrooms and a full bathroom. ~ The basement offers additional living space with a large family room, two bedrooms and bathroom. The lower level is functional but currently has unfinished flooring, offering an opportunity for the next owner to add value and personalize the space. ~ Outside, enjoy the sunny south-facing backyard, deck, and a 16 x 24 detached garage. ~ Located in a quiet, established area close to parks, walking paths, schools, and shopping, this property is a great opportunity for buyers looking for value, location, and long-term potential. (id:39198)
● Building Type
House
● Year built
1954
● Square Footage
1,000 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
2
● Neighbourhood
Mountview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
8 days
Home price
$359,000
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
$3,241/month
The payment includes
Rent
$2,803
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$438
Each month, $438 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$415,587
Cumulative Down Payment
$20,779
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,779
Buyback Price
$376,950
Cumulative Down Payment
$10,260
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,260
Buyback Price
$395,798
Cumulative Down Payment
$15,520
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,520
Buyback Price
$415,587
Cumulative Down Payment
$20,779
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,779
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
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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