3905 51a Street
Red Deer, Alberta T4N1A6
4 beds• 3 baths• 2,089 sqft
Description
This 2 storey home of over 2000 sq.ft. is a West Coast design without a basement. Main living area is on the second level. Main floor offers a 1 bedroom self contained illegal suite, perfect for Mother-in-law or Family members with a separate entrance and a Shared laundry room. Upstairs has 3 bedrooms a 2pc ensuite and 5 pc. main bath. Front facing rebuilt, Balcony across the front. There is an additional Family room on the Main level. This home offers an abundance of natural light and features a front covered carport. Private backyard has a patio, garden area and room for children & pets. Upgrades include; Windows, High efficient furnace, Hot water tank & rebuilt balcony. Extremely well located right across from the Michener Curling rink, down the street from Michener Rec Centre and walking paths to local High Schools. This quiet family area is renowned as wonderful neighbourhood. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1976
● Square Footage
2,089 sqft
● Stories
2
● Bedrooms
4
● Bathrooms
3
● Parking
2
● Neighbourhood
Michener Hill
● Land size
--
● Heating type
Forced air
● Basement type
None
● Parking Type
--
● Time on REALTOR.ca
16 days
Brokerage Name: RE/MAX real estate central alberta
Home price
$344,500
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
$3,103/month
The payment includes
Rent
$2,688
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$415
Each month, $415 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
$398,802
Cumulative Down Payment
$19,940
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,940
Buyback Price
$361,725
Cumulative Down Payment
$9,980
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,980
Buyback Price
$379,811
Cumulative Down Payment
$14,960
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,960
Buyback Price
$398,802
Cumulative Down Payment
$19,940
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,940
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
$3,103/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.