Red Deer, Alberta T4N1B7
3 beds• 2 baths• 1,044 sqft
Nestled in the heart of beautiful Westpark, this charming 1961 bungalow blends character, thoughtful updates, and a setting that feels like a private urban sanctuary. This home has 3 bedrooms, 2 baths (4-piece main, 3-piece lower), and a fully finished basement. It has an open-concept floor plan with an abundance of light; teal and oak flooring on the main level, and 3 access doors. The basement includes a cold room, laundry area, den, large family room, 100 amp panel, large 10’ x 10’ storage room, 2 oak cabinets and an oak built-in double-sized bed. All window coverings in the home and garage are included. Outdoor living shines in this pie-shaped lot. One Northwest-facing deck, a second deck on the south side, and a red brick patio, connecting the house to the garage. The North side of the house has an 8’ x 8’ plastic storage shed, a 4’ x 2.5’ wood storage shed, a large cement parking pad, (RV parking) and an off-road cement driveway, separated by a 10’ manual swinging gate ( it is wired if buyer would like to install an electric gate opener ). This unique back yard has four entry points, 2 in front & 2 at the back and you will find 2 plastic totes/cisterns for runoff water storage. Check out the newly painted, spacious 28’ x 26’ garage, featuring natural gas heating, insulation, 220 amp wiring, low cost lighting ( all flourescent lighting removed ) impressive 10’6” ceilings, convenient back-alley access, built-in work benches, two garage doors (8’ and 9’), LED lighting and a pair of entry doors. Windows in garage are located 7’ from the floor which allow additional light. The curated landscaping includes several mature trees and bushes featuring a Lilac tree with brilliant white blossoms and a handsome Weeping Birch. There are two raised flower beds in front of the house. The backyard, complete with vinyl and tin fully enclosed fencing, has easy to maintain tall privacy lilac bushes, and a three-tiered corner rock garden containing a variety of decorativ e perennials. You will see rabbits, squirrels, deer, and the occasional moose that wander throughout the neighbourhood and luscious green space directly across from the property. Recent upgrades include: 3 new basement windows (2025), 1 main floor window (2026), LED motion lighting, keyless entry, fibreglass shingles (2021 garage, 2024 house). Living in Westpark means enjoying one of Red Deer’s most walkable, established communities. You are only minutes to Red Deer Polytechnic, schools, parks, and the Red Deer Waskasoo trail system. With ongoing investment in the nearby Capstone district, residents will benefit from the expanding riverfront amenities, dining, and community events. This is a rare opportunity to own a beautifully cared-for home in a neighbourhood where nature, convenience, and community truly come together. (id:39198)
● Building Type
House
● Year built
1961
● Square Footage
1,044 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
6
● Neighbourhood
West Park
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$432,000
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
$3,936/month
The payment includes
Rent
$3,380
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$556
Each month, $556 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
$500,094
Cumulative Down Payment
$25,009
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,009
Buyback Price
$453,600
Cumulative Down Payment
$11,670
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,670
Buyback Price
$476,280
Cumulative Down Payment
$18,340
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,340
Buyback Price
$500,094
Cumulative Down Payment
$25,009
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$20,009
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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