83 Barrett Drive
Red Deer, Alberta T4R1H2
3 beds• 2 baths• 1,006 sqft
Description
Looking for the perfect blend of affordability and potential? This 1,006 sq. ft. bungalow is situated on a spacious, mature lot, offering the ideal canvas for first-time buyers or investors looking to build equity. The functional main floor features three bedrooms, a 4-piece bath, a spacious living room with laminate flooring, and a bright kitchen/dining area overlooking the front yard. The fully developed basement adds significant living space with separate side entrance, a recreation room anchored by a cozy wood-burning fireplace, and 2 additional Rooms, and a 4-piece bathroom. Outside, the private, fenced backyard boasts a cement patio , while the oversized 24'x22' double detached garage is a true standout—wired for 220V with a built-in workbench and four large windows for a bright workspace. Notable upgrades include New Furnace(2025), shingles(2023), soffits, and fascia (2014). Offering quick possession and easy viewing, this solid home is ready for its next chapter! (id:39198)
Facts & Features
● Building Type
House
● Year built
1978
● Square Footage
1,006 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
2
● Parking
4
● Neighbourhood
Bower
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
20 days
Brokerage Name: Century 21 Maximum
Home price
$389,900
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
$3,535/month
The payment includes
Rent
$3,047
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$488
Each month, $488 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
$451,358
Cumulative Down Payment
$22,568
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,568
Buyback Price
$409,395
Cumulative Down Payment
$10,856
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,856
Buyback Price
$429,865
Cumulative Down Payment
$16,712
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,712
Buyback Price
$451,358
Cumulative Down Payment
$22,568
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$17,568
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
$3,535/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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Have Questions About Rent-to-Own? Let's Talk.
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