4413 40a Avenue
Red Deer, Alberta T4N1A4
3 beds• 2 baths• 1,058 sqft
Description
Located in the desirable Grandview neighbourhood of Red Deer. This solid 1960-built bungalow offering 1,058 sq ft of living space with four bedrooms and two bathrooms. This home features some original hardwood floors that add warmth and character, plus a newer high-efficiency furnace installed just three years ago for peace of mind and lower utility costs. Renovations have already begun on the main floor and the basement. The basement has the start of a second kitchen and an unfinished bathroom, giving you the perfect opportunity to finish the space to your own taste and create extra living area. Outside you’ll appreciate the oversized single detached garage and a generously sized yard, all in a great family-friendly location close to schools and amenities. This property is an excellent opportunity for the handy buyer or investor looking to add value in one of Red Deer’s most convenient neighborhoods. (id:39198)
Facts & Features
● Building Type
House
● Year built
1960
● Square Footage
1,058 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
1
● Neighbourhood
Grandview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full
● Parking Type
--
● Time on REALTOR.ca
21 days
Brokerage Name: Royal LePage Network Realty Corp.
Home price
$310,000
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
$2,774/month
The payment includes
Rent
$2,415
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$360
Each month, $360 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
$358,864
Cumulative Down Payment
$17,943
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,943
Buyback Price
$325,500
Cumulative Down Payment
$9,314
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,314
Buyback Price
$341,775
Cumulative Down Payment
$13,629
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,629
Buyback Price
$358,864
Cumulative Down Payment
$17,943
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,943
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
$2,774/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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