5713 57 Avenue
Red Deer, Alberta T4N4S2
2 beds• 2 baths• 993 sqft
Description
A one and a half storey house on a large lot. The entryway greets you to the living room that features maple hardwood flooring. The kitchen features two toned cabinets, a tiled counter, vaulted ceilings, tile floors, an island and pantry style cupboards. The 4 piece bathroom has a tiled tub/shower and laundry hookups. Follow the hardwood stairs up to the primary bedroom that has hardwood floors, vaulted ceilings, a walk in closet and a 3 piece bathroom. The nice size yard is fenced with rear parking. The electrical panel was replaced in 2016. (id:39198)
Facts & Features
● Building Type
House
● Year built
1940
● Square Footage
993 sqft
● Stories
1.5
● Bedrooms
2
● Bathrooms
2
● Parking
3
● Neighbourhood
Riverside Meadows
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
None
● Parking Type
--
● Time on REALTOR.ca
1 day
Brokerage Name: Century 21 Maximum
Home price
$200,000
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
$1,889/month
The payment includes
Rent
$1,706
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$183
Each month, $183 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
$231,525
Cumulative Down Payment
$11,576
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,576
Buyback Price
$210,000
Cumulative Down Payment
$7,192
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,192
Buyback Price
$220,500
Cumulative Down Payment
$9,384
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$4,384
Buyback Price
$231,525
Cumulative Down Payment
$11,576
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$6,576
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
$1,889/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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