Red Deer, Alberta T4R2C2
3 beds• 3 baths• 1,232 sqft
Charming bungalow in the family-friendly neighbourhood of Deer Park Village — perfectly positioned close to schools, parks, shopping, and some of Red Deer’s best amenities. This lovingly maintained home has seen thoughtful updates over the years, including vinyl windows, shingles (2017/2018), a brand new electrical panel (2026), hot water tank, water softener, and upgraded plumbing (no Poly B), giving you peace of mind from day one. The bright, welcoming living room is highlighted by large west-facing windows, a vaulted ceiling, and a cozy gas fireplace, plus the added bonus of a wet bar with extra storage — a great space to unwind or entertain. The kitchen and dining area continue the theme with updated appliances, refreshed cabinetry, modern countertops, and durable vinyl flooring. Just off the dining space, step out to the fantastic partially covered deck with a BBQ gas hookup — ideal for summer evenings. The fully vinyl fenced yard is both private and low maintenance, complete with a storage shed that stays. The main floor offers a functional family layout with three bedrooms, including an oversized primary retreat featuring double closets and a private 3-piece ensuite with its own linen storage. A beautifully updated 4-piece bathroom completes the level. Downstairs, you’ll find a spacious family room with new windows and a cozy pellet stove for added comfort, along with plenty of storage. The lower level also includes a large den (easily converted to a bedroom if needed), a renovated 3-piece bathroom, and a separate laundry room with even more storage space. A warm, move-in ready home in a great location — ready for immediate possession. (id:39198)
● Building Type
House
● Year built
1989
● Square Footage
1,232 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
3
● Parking
4
● Neighbourhood
Deer Park Village
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$485,000
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
$4,526/month
The payment includes
Rent
$3,800
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$726
Each month, $726 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
$561,448
Cumulative Down Payment
$31,145
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,145
Buyback Price
$509,250
Cumulative Down Payment
$13,715
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$8,715
Buyback Price
$534,713
Cumulative Down Payment
$22,430
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$17,430
Buyback Price
$561,448
Cumulative Down Payment
$31,145
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$26,145
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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