5126 37 Street
Red Deer, Alberta T4N0V8
2 beds• 1 bath• 787 sqft
Description
MULTI FAMILY DEVELOPMENT SITE! This home is being sold as part of a block of 4 lots offering approximately 0.70 acres and R-M zoning for a multi-family redevelopment. Situated just one block from the Red Deer Hospital with easy access to downtown and the amenities of Red Deer’s South end. The existing home has been beautifully renovated on the main floor with laminate flooring, some newer windows, a fully renovated 4 pce bathroom, new kitchen, updated deck, a newer furnace, and newer hot water tank. Property is currently rented for $1495/mo with tenants paying utilities and is on a month to month contract. This property is being offered as part of a 4 lot package along with 3 other adjacent properties (MLS# A2304634, A2304622, and A2304621). (id:39198)
Facts & Features
● Building Type
House
● Year built
1951
● Square Footage
787 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
1
● Parking
2
● Neighbourhood
South Hill
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: RE/MAX real estate central alberta
Home price
$269,900
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
$2,447/month
The payment includes
Rent
$2,152
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$295
Each month, $295 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
$312,443
Cumulative Down Payment
$15,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,622
Buyback Price
$283,395
Cumulative Down Payment
$8,541
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,541
Buyback Price
$297,565
Cumulative Down Payment
$12,081
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,081
Buyback Price
$312,443
Cumulative Down Payment
$15,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,622
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
$2,447/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
Recently Listed Homes in Red Deer, AB
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