Home Rent-to-Own Listings Red Deer, Alberta 140 Lindman Avenue

140 Lindman Avenue

Red Deer, Alberta T4R0R3

3 beds• 4 baths• 1,609 sqft

Description

A fully developed two storey in Laredo! The tiled front entryway greets you to the open style floor plan. Maple kitchen cabinets are accented by crown mouldings, an eating bar island, full tile backsplash, stainless steel appliances and a walk in pantry. The eating area has patio doors to the wood deck that features aluminum railings. Relax in the living room next to the electric fireplace. Brand new vinyl plank flooring was just installed throughout the main floor. Follow the vinyl plank stairs with wrought iron railings upstairs. The king sized primary bedroom has a fan, carpet, a walk in closet and a 4 piece ensuite with drawers and a window. There are 2 additional bedrooms, a 4 piece bathroom and a bonus room that could be used as a 5th bedroom (no closet). The basement is warmed by underfloor heating with a 4th bedroom, a 3 piece bathroom and a family room with vinyl plank flooring (new flooring in 2025). The south west facing backyard is landscaped with an interlocking stone patio, a firepit, a gazebo, a shed and vinyl fencing. The garage has a drain, rough in for a gas heater and central vac. The home has A/C. A great location within walking distance to the pond and path system. (id:39198)

Facts & Features

● Building Type

House

● Year built

2018

● Square Footage

1,609 sqft

● Stories

● Bedrooms

● Bathrooms

● Parking

● Neighbourhood

Laredo

● Land size

● Heating type

Forced air, In Floor Heating, Natural gas

● Basement type

Finished, Full

● Parking Type

● Time on REALTOR.ca

2 days

Brokerage Name: Century 21 Maximum

Home price

$584,900

Calculate my rent-to-own affordability

Initial Deposit

I want to start the program with
an initial down payment of

=2%

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

$5,638/month

The payment includes

Rent

$4,591

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$1,047

Each month, $1,047 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:

1 year2 years3 years

Year 3

Buyback Price

$677,095

Cumulative Down Payment

$42,709

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$37,709

Year 1

Buyback Price

$614,145

Cumulative Down Payment

$17,570

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$12,570

Year 2

Buyback Price

$644,852

Cumulative Down Payment

$30,140

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$25,140

Year 3

Buyback Price

$677,095

Cumulative Down Payment

$42,709

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$37,709

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

$5,638/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!

Calculate my rent-to-own affordability See Qualified Home Criteria

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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