Red Deer, Alberta T4R3K2
3+2 beds 3 baths 1,338 sqft
BEAUTIFULLY RENOVATED and filled with natural light, this five-bedroom, three-bathroom Lancaster bungalow combines an open main floor, a bright WALKOUT BASEMENT and a mature, treed yard. Extensive updates include a fully RENOVATED KITCHEN with two-tone cabinetry, quartz countertops, an undermount granite sink, and stainless steel appliances including a gas range. A large island with eating bar offers a spot for casual meals and conversation, while the adjoining dining area opens to the upper deck for easy outdoor dining. Large windows fill the living space with natural light, and a fireplace adds a warm focal point. The main floor offers three bedrooms, including a front bedroom that works well as an office, and a primary bedroom with a walk-in closet and three-piece ensuite. Downstairs, the bright walkout level offers an expansive family and rec room for entertaining, movie nights, or a home gym, along with two more bedrooms, a four-piece bathroom, separate laundry and generous storage. Step outside to the covered patio and included hot tub, overlooking a fenced yard with mature trees and established landscaping. Hunter Douglas blinds throughout, CENTRAL A/C, and a NEW HIGH-EFFICIENCY FURNACE add to the home's comfort, with IN-FLOOR HEAT in both the basement and attached HEATED DOUBLE GARAGE. Shingles were replaced in 2020. With schools, neighbourhood parks, the Collicutt Centre and East Hill Centre shopping nearby, recreation and everyday errands are close to home. This home shines with pride of ownership and is a pleasure to show! (id:39198)
● Building Type
House
● Year built
2003
● Square Footage
1,338 sqft
● Stories
1
● Bedrooms
3+2
● Bathrooms
3
● Parking
4
● Neighbourhood
Lancaster Green
● Land size
--
● Heating type
Forced air, In Floor Heating, Natural gas
● Basement type
Finished, Full, Walk out
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$599,900
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
$5,805/month
The payment includes
Rent
$4,710
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$1,096
Each month, $1,096 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
$694,459
Cumulative Down Payment
$44,446
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,446
Buyback Price
$629,895
Cumulative Down Payment
$18,149
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$13,149
Buyback Price
$661,390
Cumulative Down Payment
$31,297
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$26,297
Buyback Price
$694,459
Cumulative Down Payment
$44,446
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$39,446
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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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.