6195 Orr Drive
Red Deer, Alberta T4P4C1
4 beds• 3 baths• 1,389 sqft
Description
Large and spacious home with a cozy gas fireplace. Large kitchen island good sized bedrooms and main floor laundry.4 bedrooms, 3 bathrooms. 1 of bathrooms has a wheel in shower. Basement has a bedroom and bathroom. The rest of the basement is huge and lots of potential for games or media room, family room or whatever your needs may be. Wheelchair accessible home perfect set up for but not limited to assisted living. Great opportunity for investor, those downsizing or a family starting out. Perfect for new owner to build some sweat equity or fix and flippers. Designated parking loading zone. main floor walls have protective plexi board to save from bumps by wheel chair. Bedroom doors are 36 inch wide to accommodate wheel chair or walkers. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
2005
● Square Footage
1,389 sqft
● Stories
1
● Bedrooms
4
● Bathrooms
3
● Parking
2
● Neighbourhood
Oriole Park West
● Land size
--
● Heating type
Forced air
● Basement type
Partially finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
7 days
Brokerage Name: Royal LePage Lifestyles Realty
Home price
$325,000
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
$2,917/month
The payment includes
Rent
$2,533
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$384
Each month, $384 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
$376,228
Cumulative Down Payment
$18,811
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,811
Buyback Price
$341,250
Cumulative Down Payment
$9,604
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,604
Buyback Price
$358,313
Cumulative Down Payment
$14,208
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,208
Buyback Price
$376,228
Cumulative Down Payment
$18,811
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,811
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
$2,917/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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