1 Forest Close
Red Deer, Alberta T4N4Z7
2+1 beds• 2 baths• 917 sqft
Description
LEGALLY SUITED!! Here"s a great opportunity to add to or start your investment portfolio. The upper suite has 2 bedrooms and a full bath, plus a large living room combined with the dining and kitchen area. The lower suite has 1 bedroom and a kitchen, storage room, a large living room and 4pce bath plus vinyl windows and a sprinkler system for fire suppression. There is low maintenance vinyl flooring both up and downstairs. The large yard backs onto a treed reserve and walking trails, plus there is a double detached garage (one door doesn't operate) and parking pad off of the rear alley. There is shared laundry at the side entrance foyer, a newer metal roof has been installed on the house and garage, and the front window was replaced 2 years ago. This is a desirable and quiet neighborhood, close to schools, shopping, Bower Ponds and Great Chief Park!! (id:39198)
Facts & Features
● Building Type
House
● Year built
1963
● Square Footage
917 sqft
● Stories
1
● Bedrooms
2+1
● Bathrooms
2
● Parking
2
● Neighbourhood
Fairview
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Suite
● Parking Type
--
● Time on REALTOR.ca
66 days
Home price
$354,900
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
$3,202/month
The payment includes
Rent
$2,770
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$432
Each month, $432 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
$410,841
Cumulative Down Payment
$20,542
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,542
Buyback Price
$372,645
Cumulative Down Payment
$10,181
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,181
Buyback Price
$391,277
Cumulative Down Payment
$15,361
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,361
Buyback Price
$410,841
Cumulative Down Payment
$20,542
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$15,542
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
$3,202/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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