Red Deer, Alberta T4P1Z1
3+2 beds• 3 baths• 1,254 sqft
Located in the community of Normandeau in Red Deer, this bi-level home offers plenty of space both inside and out. Situated on a large corner lot, there is ample parking in the front, along the side and in the double detached garage. The south-facing backyard is fenced and provides a great space for kids, pets or summer entertaining. The main level features an open floor plan with a spacious living room highlighted by a classic brick fireplace, creating a warm and inviting atmosphere. The large dining area is ideal for family gatherings and has patio doors leading to the deck for easy indoor/outdoor living. The kitchen offers plenty of room to work with, featuring an island and ample cabinet and counter space. The primary bedroom is located on the main level and includes its own 2 piece ensuite bathroom. Two additional bedrooms and a 4 piece bathroom complete the upper level. The lower level offers exceptional flexibility with a very large recreational/games room that could easily serve as a second living room or family room. There are also two additional bedrooms, a 3 piece bathroom and an area that could be used as a kitchen space without a stove. A walk-up entrance from the basement to the backyard adds extra convenience and potential. This property offers a great opportunity for a growing family, multi-generational living or someone looking for extra space and versatility. (id:39198)
Home price
$350,000
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
$3,155/month
The payment includes
Rent
$2,731
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$424
Each month, $424 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
$405,169
Cumulative Down Payment
$20,258
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,258
Buyback Price
$367,500
Cumulative Down Payment
$10,086
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,086
Buyback Price
$385,875
Cumulative Down Payment
$15,172
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,172
Buyback Price
$405,169
Cumulative Down Payment
$20,258
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,258
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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next steps toward homeownership.