4137 40 Street
Red Deer, Alberta T4N1A5
3 beds• 1 bath• 1,285 sqft
Description
Welcome home to this stunning, completely reimagined 3-bedroom, 1-bathroom bungalow nestled in Grandview, one of Red Deer’s most highly sought-after, mature neighbourhoods. Striking the perfect balance between classic charm and sophisticated design, this property underwent extensive professional updates in 2023 and is completely move-in ready. Interior Highlights: Gourmet Kitchen: Equipped with premium granite countertops, dramatic floor-to-ceiling modern cabinetry, and ample prep space. Refined Living Space: Gleaming refinished hardwood floors lead you to a cozy living area anchored by a sleek fireplace. Designer Finishes: Upgraded interior doors, elegant contemporary trim, and a beautifully stylized, fully renovated four-piece bathroom. The basement features a separate entrance and a completely blank slate, offering potential for an suite, a spacious recreation room, or multi-generational living. The dedicated mechanical room is cleverly designed with independent dual access from both the upper and lower entry points. Curb Appeal: Settled on a quiet, tree-lined street with professional landscaping and majestic mature trees. Backyard Oasis: Entertain effortlessly on the expansive two-tiered rear deck overlooking the private yard. Parking & Storage: Includes a detached garage paired with an oversized, three-car concrete parking pad. It's located in the heart of Grandview, just steps away from local parks, top-rated schools, walking trails, and exceptional everyday shopping and dining amenities. (id:39198)
Facts & Features
● Building Type
House
● Year built
1955
● Square Footage
1,285 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
1
● Parking
1
● Neighbourhood
Grandview
● Land size
--
● Heating type
Radiant heat
● Basement type
Unfinished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
87 days
Home price
$429,000
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
$3,908/month
The payment includes
Rent
$3,357
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$551
Each month, $551 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
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
Buyback Price
$450,450
Cumulative Down Payment
$11,610
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,610
Buyback Price
$472,973
Cumulative Down Payment
$18,221
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,221
Buyback Price
$496,621
Cumulative Down Payment
$24,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,831
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
$3,908/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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