4125 51a Street
Red Deer, Alberta T4N2B4
2+2 beds• 2 baths• 890 sqft
Description
Adorable Bungalow with Oversized Detached Garage(22' x 30') located in the Sought after neighborhood of Michener Hill!!! This Charming Bungalow has so much Character, with original Hardwood in excellent condition, Newer Paint Throughout, Newer Windows Throughout (10 years old) 4 piece bath on main floor with soaker tub and upgraded fixtures, fully developed basement with large family room, two more bedrooms, a works shop and another 4 piece bath!!! Electrical upgraded to City of Red Deer Code 2 years ago. Garage was resided 5 years ago. Garage Pad is 3' around the perimeter and 18-20 " center. Garage has 220 power. HWT in House was replace 3 months ago. This Charming Bungalow is ready for it's new family!!! (id:39198)
Facts & Features
● Building Type
House
● Year built
1952
● Square Footage
890 sqft
● Stories
1
● Bedrooms
2+2
● Bathrooms
2
● Parking
3
● Neighbourhood
Michener Hill
● Land size
--
● Heating type
Forced air, Other
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
94 days
Home price
$375,000
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
$3,393/month
The payment includes
Rent
$2,929
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$464
Each month, $464 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
$434,109
Cumulative Down Payment
$21,705
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,705
Buyback Price
$393,750
Cumulative Down Payment
$10,568
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,568
Buyback Price
$413,438
Cumulative Down Payment
$16,137
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$11,137
Buyback Price
$434,109
Cumulative Down Payment
$21,705
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,705
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
$3,393/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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Have Questions About Rent-to-Own? Let's Talk.
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