5903 56 Avenue
Red Deer, Alberta T4N4R1
2 beds• 2 baths• 831 sqft
Description
Attention Investors ~ Self Contained Legal Suite With Separate Laundry! The main floor features two bedrooms & 1 updated bathroom. Some updated vinyl windows. The basement legal suite has 1 bedroom, a den and 3pc bathroom. The furnace & HWT have been upgraded. Large fenced yard with an oversized deck. Main floor rent is $1400 /month and the basement is $800/month both including utilities - can be increased and are lower than current market rents. A turn-key rental! (id:39198)
Facts & Features
● Building Type
House
● Year built
1959
● Square Footage
831 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
2
● Neighbourhood
Riverside Meadows
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
22 days
Brokerage Name: Century 21 Maximum
Home price
$333,000
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
$2,993/month
The payment includes
Rent
$2,597
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$397
Each month, $397 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
$385,489
Cumulative Down Payment
$19,274
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,274
Buyback Price
$349,650
Cumulative Down Payment
$9,758
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,758
Buyback Price
$367,133
Cumulative Down Payment
$14,516
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,516
Buyback Price
$385,489
Cumulative Down Payment
$19,274
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,274
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
$2,993/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
Recently Listed Homes in Red Deer, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.