5330 42a Avenue
Red Deer, Alberta T4N3A6
2+1 beds• 2 baths• 984 sqft
Description
Charming Woodlea bungalow in a desirable, established neighborhood. Private west-facing backyard with excellent outdoor living space. Gorgeous front and rear decks for relaxing or entertaining. Newer fully fenced backyard offering privacy and security. Main floor living room features laminate flooring with original hardwood underneath. Brand new kitchen appliances included. Fresh updates include new basement carpet and new paint throughout approximately 70% of the home. Character-filled home with a warm, inviting feel and standout yard appeal. (id:39198)
Facts & Features
● Building Type
House
● Year built
1951
● Square Footage
984 sqft
● Stories
1
● Bedrooms
2+1
● Bathrooms
2
● Parking
3
● Neighbourhood
Woodlea
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
69 days
Home price
$349,900
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
$3,154/month
The payment includes
Rent
$2,730
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$424
Each month, $424 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
$405,053
Cumulative Down Payment
$20,253
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,253
Buyback Price
$367,395
Cumulative Down Payment
$10,084
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,084
Buyback Price
$385,765
Cumulative Down Payment
$15,168
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,168
Buyback Price
$405,053
Cumulative Down Payment
$20,253
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,253
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
$3,154/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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