2 Nichols Crescent


Red Deer, Alberta T4P1P6

4 beds• 3 baths• 1,920 sqft

Description

HUGE PRICE DROP!! This GREAT FAMILY HOME, in a quiet neighbourhood is packed with recent updates, is clean, and shows well. The bright, functional kitchen features generous counter space, a built-in dishwasher, a convenient pantry, and a large eating area filled with natural light. Both the kitchen and dining area boast new flooring installed within the last five years. The adjacent oversized living room features a cozy wood burning fireplace with gas log lighter, while there is an impressive open front entry. The spacious primary bedroom offers two closets and a 4-piece ensuite with a "cheat" door for dual access. All three bathrooms in the home have been tastefully updated. Upstairs you’ll find 3 generously sized bedrooms, with one having garden doors opening onto a private balcony (newly replaced 5 years ago), and another with three bright windows. The family room provides direct access to the large 20' x 10' deck. Additional highlights include a main-floor laundry room with a built-in ironing board, laundry sink, and plenty of cabinets, and central air conditioning. The basement offers a spacious bonus room, generous storage room, and cold room. The OVERSIZED 31' x 21' attached, heated garage comes complete with an opener, two remotes, and a separate exterior entrance. This home has been thoughtfully updated with new interior paint and new interior doors throughout, over the last five years, a new high-efficiency furnace (2018), and a new hot water tank (2022). Outside, enjoy the attractive new flower beds with fresh rock and established perennials, plenty of parking, and a landscaped fenced yard with irrigation and additional parking. The yard will have fresh topsoil added and be seeded. This property is located on a large corner lot, and is close to all amenities. Iti would make a great family home, or an excellent addition to an investment portfolio. (id:39198)

Facts & Features

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● Building Type

House

● Year built

1977

● Square Footage

1,920 sqft

● Stories

--

● Bedrooms

4

● Bathrooms

3

● Parking

4

● Neighbourhood

Normandeau

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full

● Parking Type

--

● Time on REALTOR.ca

158 days

Home price

$405,000

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$3,679/month

The payment includes

Rent

$3,167

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$512

Each month, $512 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:

1 year2 years3 years
Year 3

Buyback Price

$468,838

Cumulative Down Payment

$23,442

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$18,442

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

$3,679/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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A smarter, safer path to homeownership — explained.

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