56 Elder Street


Red Deer, Alberta T4R2C6

3 beds 2 baths 1,030 sqft

Description

FULLY DEVELOPED BUNGALOW ~ 4 BEDROOMS, 2 BATHROOMS ~ DOUBLE DETACHED GARAGE ~ Mature landscaping and a stucco exterior offer eye catching curb appeal ~ Covered entry leads to a foyer with tile flooring ~ The living room features a large south facing window that overlooks the front yard and features a cozy wood burning fireplace with stacked stone and a raised hearth ~ The eat-in kitchen offers plenty of oak cabinets, ample counter space, window above the sink, full tile backsplash, large wall pantry and plenty of space for a dining table and chairs ~ Rear entry just off the kitchen/basement stairs has easy access to the rear patio and garage ~ The primary bedroom can easily accommodate a king size bed and has dual closets with mirrored doors ~ 2 additional bedrooms are located next to the 4 piece main bathroom ~ The fully finished basement offers a huge family room, a large 4th bedroom, laundry, 4 piece bathroom and space for storage ~ The backyard is landscaped, has a storage shed, and is fully fenced with back alley access ~ 24.5' L x 22' W detached garage is insulated, finished with painted drywall, has built in shelving and a workbench ~ No carpet in the home, newer basement flooring ~ Located close to multiple schools, parks, rec centres and walking trails with easy access to all other amenities. (id:39198)

Facts & Features

● Building Type

House

● Year built

1989

● Square Footage

1,030 sqft

● Stories

1

● Bedrooms

3

● Bathrooms

2

● Parking

2

● Neighbourhood

Eastview Estates

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full, Separate entrance

● Parking Type

--

● Time on REALTOR.ca

4 days

Brokerage Name: Lime Green Realty Central

Powered by: REALTOR.ca

Home price

$389,900

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

$3,535/month

The payment includes

Rent

$3,047

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

Monthly Savings

$488

Each month, $488 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

$451,358

Cumulative Down Payment

$22,568

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$17,568

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

$3,535/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

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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