32 Otterbury Avenue
Red Deer, Alberta T4N5A1
3+1 beds• 2 baths• 1,010 sqft
Description
Nice 4 bedroom bungalow, with a 4 piece bath on the main floor. Downstairs you will find a legal suite with a nice sized family room, 1 bedroom and a kitchen & dining area, as well as a 3 piece bathroom. There is laundry located on the main level as well as the lower level. This property has had recent renovations in the lower level. New hot water tank 2026, new furnace in 2022, as well as the exterior has new soffits, eavestrough and facia in 2026. There is a new washer and dryer in place in the lower level as of 2026, and a newer dishwasher in lower level installed in 2023. All the vents and the furnace were cleaned in 2026. There is a driveway at the front of the home, as well as a parking space out back. Mature, fenced backyard with a deck for relaxing on in the summer. This home is a great property, and is situated in a nice neighborhood on a quiet street, close to schools, shopping, and Bower Ponds walking trails. (id:39198)
Facts & Features
● Building Type
House
● Year built
1964
● Square Footage
1,010 sqft
● Stories
1
● Bedrooms
3+1
● Bathrooms
2
● Parking
2
● Neighbourhood
Oriole Park
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
119 days
Home price
$368,500
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
$3,331/month
The payment includes
Rent
$2,878
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$454
Each month, $454 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
$426,585
Cumulative Down Payment
$21,329
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,329
Buyback Price
$386,925
Cumulative Down Payment
$10,443
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,443
Buyback Price
$406,271
Cumulative Down Payment
$15,886
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,886
Buyback Price
$426,585
Cumulative Down Payment
$21,329
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,329
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
$3,331/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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