4018 47 Street
Red Deer, Alberta T4N1P2
3 beds• 1 bath• 1,103 sqft
Description
Welcome to this fully renovated 3-bedroom bungalow nestled on a spacious, mature lot in the heart of Grandview! Nearly everything inside is brand new — this isn't a cosmetic refresh, it's a complete transformation.The main floor impresses with a stunning new kitchen featuring modern cabinetry and a dishwasher, new LVP flooring throughout, fresh trim and casings, and a fully renovated four-piece bathroom. Three comfortable bedrooms and a sun-filled living room with a cozy wood stove make this a home you'll want to settle into immediately.The basement is where the opportunity gets exciting — already framed out with a separate entrance, it's primed for a future legal suite, mortgage helper, or expanded living space. The potential is there, you just bring the vision.Major systems have all been addressed: brand new hot water tank, upgraded 100-amp electrical panel and service, 2023 roof, and refreshed front brickwork — giving you peace of mind for years to come. Out back, a fenced yard and 12x24 garage with alley access complete the package.Turnkey for a family. High-upside for an investor. Rare value in today's market — don't wait on this one. (id:39198)
Facts & Features
● Building Type
House
● Year built
1955
● Square Footage
1,103 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
1
● Parking
1
● Neighbourhood
Grandview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Partially finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
13 days
Brokerage Name: Real Broker
Home price
$350,000
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
$3,155/month
The payment includes
Rent
$2,731
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$424
Each month, $424 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
$405,169
Cumulative Down Payment
$20,258
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,258
Buyback Price
$367,500
Cumulative Down Payment
$10,086
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,086
Buyback Price
$385,875
Cumulative Down Payment
$15,172
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,172
Buyback Price
$405,169
Cumulative Down Payment
$20,258
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,258
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
$3,155/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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Have Questions About Rent-to-Own? Let's Talk.
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