190 Kerr Close
Red Deer, Alberta T4P3V4
2+2 beds• 2 baths• 920 sqft
Description
Great opportunity for first-time home buyers or investors! This well-kept bi-level offers 4 bedrooms (2 up, 2 down), 2 full bathrooms, and a fully finished basement with a spacious family room. Long-term tenants are in place and would be happy to stay, making this an excellent investment opportunity, or take possession for your own family. The bright main floor features a functional kitchen, dining area, and living room with access to the large south-facing deck and fully fenced backyard—perfect for enjoying the summer sun. Located close to parks, schools, and amenities, this affordable home offers great value and plenty of potential. (id:39198)
Facts & Features
● Building Type
House
● Year built
2000
● Square Footage
920 sqft
● Stories
--
● Bedrooms
2+2
● Bathrooms
2
● Parking
2
● Neighbourhood
Kingsgate
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
94 days
Home price
$339,000
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
$3,050/month
The payment includes
Rent
$2,644
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$406
Each month, $406 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
$392,435
Cumulative Down Payment
$19,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,622
Buyback Price
$355,950
Cumulative Down Payment
$9,874
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,874
Buyback Price
$373,748
Cumulative Down Payment
$14,748
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,748
Buyback Price
$392,435
Cumulative Down Payment
$19,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,622
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
$3,050/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
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.