47 Olsen Street
Red Deer, Alberta T4N5B8
3 beds• 1 bath• 986 sqft
Description
Welcome to this charming and move-in ready 3-bedroom bungalow, perfect for first-time buyers, downsizers, or investors, located in the desirable community of Oriole Park. The main floor features three comfortable bedrooms and a full bathroom, offering a functional and family-friendly layout.This home has seen several recent updates, including fresh paint throughout, new vinyl flooring, updated countertops, and modern lighting, giving it a bright and refreshed feel from the moment you step inside.The partially finished basement offers additional living space with a spacious rec room—ideal for entertaining, a home gym, or a cozy movie area—with plenty of potential to further develop to suit your needs.Outside, you’ll find a single detached garage, adding convenience and extra storage.A great opportunity to own an updated bungalow with room to grow—don’t miss your chance to make this home yours! (id:39198)
Facts & Features
● Building Type
House
● Year built
1971
● Square Footage
986 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
1
● Parking
1
● Neighbourhood
Oriole Park
● Land size
--
● Heating type
Forced air
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
9 days
Brokerage Name: Royal LePage Network Realty Corp.
Home price
$399,900
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
$3,630/month
The payment includes
Rent
$3,126
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 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
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
Buyback Price
$419,895
Cumulative Down Payment
$11,049
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,049
Buyback Price
$440,890
Cumulative Down Payment
$17,098
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,098
Buyback Price
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
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
$3,630/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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