Red Deer, Alberta T4P3E6
3 beds• 3 baths• 1,177 sqft
FULLY FINISHED 4 BEDROOM, 3 BATHROOM BI-LEVEL ~ HEATED DETACHED GARAGE ~ WEST FACING BACKYARD ~ Covered front entry welcomes you and leads to a sun filled foyer ~ Open concept main floor layout is complemented by vaulted ceiling and vinyl plank flooring ~ The living room is centred by a cozy fireplace with a mantle above and opens to the dining space where you can easily accommodate large gatherings ~ The U-shaped kitchen offers a functional layout with plenty of white cabinets, ample counter space including an island with an eating bar, full tile backsplash, and a wall pantry ~ Garden door access from the kitchen leads to the covered deck and backyard ~ The primary bedroom can easily accommodate a king size bed plus multiple pieces of furniture, has a spacious walk in closet, and a convenient 4 piece ensuite ~ 2 additional bedrooms located on the main level are both a generous size with ample closet space ~ 4 Piece main bathroom ~ The fully developed basement with large above grade windows offers a huge L-shaped family room, 4th bedroom, laundry, and space for storage ~ The sunny west facing backyard is landscaped, and mostly fenced with a large parking pad (room for an RV) and back alley access ~ Heated garage is insulated, finished with painted drywall, and has built in shelving ~ Located in desirable Timber Ridge, known for it's walkability, numerous schools, parks,playgrounds, walking trails and shopping plazas with excellent shopping and dining ~ Easy access to Balmoral Golf Course, Canyon Ski Resort & Rec Area. (id:39198)
● Building Type
House
● Year built
2019
● Square Footage
1,177 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
3
● Parking
2
● Neighbourhood
Timber Ridge
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
5 days
Home price
$474,900
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
$4,414/month
The payment includes
Rent
$3,720
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$694
Each month, $694 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$549,756
Cumulative Down Payment
$29,976
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,976
Buyback Price
$498,645
Cumulative Down Payment
$13,325
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,325
Buyback Price
$523,577
Cumulative Down Payment
$21,650
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$16,650
Buyback Price
$549,756
Cumulative Down Payment
$29,976
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$24,976
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
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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