6220 Orr Drive
Red Deer, Alberta T4P3Z8
3 beds• 3 baths• 1,326 sqft
Description
Welcome to this well-maintained 2-storey home offering 1,326 sq ft above grade with a functional and comfortable layout. The main floor features a bright living area, dining space, and a well-appointed kitchen, along with a convenient 2-piece bathroom and flex room—perfect for a home office or additional living space.Upstairs, you’ll find 3 bedrooms including a primary with a 3-piece ensuite, plus a full 4-piece bathroom. The basement is unfinished, providing great potential for future development.Additional highlights include an attached garage. Located close to parks, walking paths, and everyday amenities, with convenient highway access for an easy commute. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
2005
● Square Footage
1,326 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
3
● Parking
2
● Neighbourhood
Oriole Park West
● Land size
--
● Heating type
Forced air
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
5 days
Brokerage Name: RE/MAX real estate central alberta
Home price
$315,000
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
$2,822/month
The payment includes
Rent
$2,454
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$368
Each month, $368 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
$364,652
Cumulative Down Payment
$18,233
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,233
Buyback Price
$330,750
Cumulative Down Payment
$9,411
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,411
Buyback Price
$347,288
Cumulative Down Payment
$13,822
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,822
Buyback Price
$364,652
Cumulative Down Payment
$18,233
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$13,233
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
$2,822/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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