344 Timothy Drive


Red Deer, Alberta T4P0L1

3 beds 3 baths 1,212 sqft

Description

This well-kept bi-level in Timberlands checks a lot of boxes for first-time buyers and young families. Built in 2011 and sitting at 1,212 sq ft above grade, it's the kind of home that feels solid without trying too hard — a functional layout, and a location that genuinely delivers on the neighbourhood front. You're walking distance to an elementary school, the public library, parks and playgrounds, and everyday shopping including grocery and restaurants.The main floor opens with a spacious tiled entryway before stepping up into a bright living room with hardwood floors and a large window that pulls in plenty of natural light. The kitchen has dark maple cabinetry, a island, and counters with a stylish epoxy finish that gives it a bit of a custom feel. The dining area is a good size with a view to the backyard. The primary bedroom has hardwood floors, a larger closet, and connects directly to a 3-piece ensuite with a stand-up shower. The second bedroom is carpeted, while the third features hardwood and a built-in cabinet with a murphy bed — a setup that works equally well as a guest room or a dedicated home office.Downstairs is where things get interesting. The basement is finished to a high standard with hardwood throughout, tall ceilings, and pot lights. The living area is set up as a media room, complete with a projector setup. The bedroom is oversized with a very generous walk-in closet and its own 3-piece bathroom featuring a deep soaker tub — a setup that functions almost like a second primary suite. The laundry room is a good size with cabinets and counter space.Outside, the stamped concrete walkways wrap around both sides of the home leading to a wood deck and patio in the backyard, all enclosed with a wood fence. There's a large gravel parking pad in the back. The high-efficiency furnace and hot water tank were both replaced in 2021, so the mechanical side of things is in great shape. (id:39198)

Facts & Features

● Building Type

House

● Year built

2011

● Square Footage

1,212 sqft

● Stories

--

● Bedrooms

3

● Bathrooms

3

● Parking

2

● Neighbourhood

Timberlands

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full

● Parking Type

--

● Time on REALTOR.ca

0 days

Brokerage Name: RE/MAX real estate central alberta

Powered by: REALTOR.ca

Home price

$429,000

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

$3,908/month

The payment includes

Rent

$3,357

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

Monthly Savings

$551

Each month, $551 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

$496,621

Cumulative Down Payment

$24,831

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$19,831

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

$3,908/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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A smarter, safer path to homeownership — explained.

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