Red Deer, Alberta T4N4Y4
3+1 beds• 2 baths• 1,147 sqft
Tucked away in a quiet, established neighbourhood, this distinctive 4-bedroom bungalow is filled with warmth, character, and natural light. The spacious main floor showcases beautiful mahogany hardwood flooring with matching closet doors and baseboards, creating rich wood tones throughout. A large bow window brightens the inviting living room, while the functional layout offers a separate dining area and a cozy breakfast nook. Wood Stove was never used by current home owner.The updated kitchen features abundant wood cabinetry, skylights, a built-in cooktop, wall-mounted convection oven, tiled backsplash, and a large window overlooking the backyard. Three bedrooms are conveniently located on the main floor, along with a full 4-piece bathroom. All windows have been upgraded to triple-pane vinyl for added comfort and efficiency.The developed basement provides even more living space with a fourth bedroom, 3-piece bathroom, laundry area, generous storage, and an exceptionally spacious recreation room complete with a fireplace.Outside, the pie-shaped yard is surrounded by mature landscaping and offers established gardens, colourful flower beds, a fire pit area, and a tucked-away private patio perfect for outdoor entertaining. The extra-large double heated garage includes a built-in workshop, making it an excellent setup for woodworkers, mechanics, or serious hobbyists. A generous exterior parking pad provides additional off-street parking and completes this versatile property. (id:39198)
Home price
$359,900
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
$3,249/month
The payment includes
Rent
$2,810
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$440
Each month, $440 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$416,629
Cumulative Down Payment
$20,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,831
Buyback Price
$377,895
Cumulative Down Payment
$10,277
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,277
Buyback Price
$396,790
Cumulative Down Payment
$15,554
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,554
Buyback Price
$416,629
Cumulative Down Payment
$20,831
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,831
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
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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next steps toward homeownership.