Red Deer, Alberta T4N3K7
2 beds• 2 baths• 877 sqft
Welcome to this charming and affordable bungalow located in the highly desirable Mountview neighborhood of Red Deer! Built in 1953, this well-maintained home offers 867 sq.ft. of comfortable living space and sits on a generous 7,505 sq.ft. lot, providing space, privacy, and endless potential. Step inside and you’ll appreciate the original hardwood flooring, adding warmth and timeless character throughout the main level. The home features 2 spacious bedrooms up and 1 bedroom down - there is room to add another bedroom in the basement, along with 1 full bathroom on each level, making it ideal for families, first-time buyers, or investors. The bedrooms are all a great size, and the layout is functional and inviting. The kitchen offers original cabinetry with a practical design and overlooks the backyard - perfect for keeping an eye on kids or enjoying your outdoor space. Downstairs, you’ll find good ceiling height, updated flooring, and a versatile living area that can serve as a family room, office, or guest space. This property truly shines outdoors! The oversized lot is a gardener’s dream, offering incredible opportunity for landscaping, entertaining, or future development. The yard is partially fenced, requiring only minimal finishing between the deck and garage to be fully enclosed. There is also a 24’ x 14’ detached garage with a garage door opener for added convenience. A separate rear entry from the deck adds flexibility and potential. Deck size is Recent updates include: shingles replaced in recent years, bathroom upgrades with tile finishes, updated basement flooring, a new garage door opener, and improved drainage, which involved installing extended downspouts, a sump pump, and completing the grading. The home did experience some water during heavy rains in the past; however, steps were taken by the previous owner to address the issue and improve water management. Located in a mature and sought-after neighbourhood, Mountain View offers tree-lined streets, la rger lots, and a welcoming community feel. You’ll love being just minutes from Bower Place Shopping Centre, one of the city’s main retail hubs with shopping, dining, and everyday amenities. For outdoor enthusiasts, you’re close to Red Deer’s incredible trail system, connecting you to parks, green spaces, and scenic walking and biking paths throughout the city. Whether it’s a morning walk, an evening bike ride, or weekend adventures, this location supports an active lifestyle. Affordable, full of character, and in a fantastic location - this is an excellent opportunity to own a solid home in one of Red Deer’s most established communities! (id:39198)
● Building Type
House
● Year built
1953
● Square Footage
877 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
1
● Neighbourhood
Mountview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
6 days
Home price
$299,000
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
$2,731/month
The payment includes
Rent
$2,389
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$342
Each month, $342 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$346,130
Cumulative Down Payment
$17,306
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,306
Buyback Price
$313,950
Cumulative Down Payment
$9,102
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,102
Buyback Price
$329,648
Cumulative Down Payment
$13,204
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,204
Buyback Price
$346,130
Cumulative Down Payment
$17,306
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,306
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
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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