35 Ellis Street
Red Deer, Alberta T4R2C8
2 beds• 1 bath• 1,121 sqft
Description
Looking to simplify life without sacrificing space or comfort? This charming bungalow is the perfect place to downsize and enjoy a slower pace. With a spacious layout, the home features two generously sized bedrooms and a 4 piece bathroom. There is an open galley style kitchen with plenty of cupboards. The open-concept living and dining area provides a welcoming space to relax or entertain. There is a large laundry area and a generous storage space by the entry to the garage door. Step outside through the back door and enjoy the peace and privacy of your own covered deck and backyard. There’s room to garden, relax, or take advantage of the large shed for additional storage. The single attached garage provides protection from the elements and offers flexibility as a workshop or extra space if needed. Ideally located in a quiet, central neighborhood, this home is just minutes from shopping, groceries, walking paths, and the Collicutt Centre. Whether you’re looking to retire, downsize, or simply enjoy low-maintenance living, this well-kept home offers an exceptional opportunity.Directions: (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1989
● Square Footage
1,121 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
2
● Neighbourhood
Eastview Estates
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Crawl space
● Parking Type
--
● Time on REALTOR.ca
4 days
Brokerage Name: Maxwell Real Estate Solutions Ltd.
Home price
$317,900
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
$2,849/month
The payment includes
Rent
$2,477
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$372
Each month, $372 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
$368,009
Cumulative Down Payment
$18,400
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,400
Buyback Price
$333,795
Cumulative Down Payment
$9,467
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,467
Buyback Price
$350,485
Cumulative Down Payment
$13,934
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,934
Buyback Price
$368,009
Cumulative Down Payment
$18,400
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,400
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
$2,849/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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