3214 57 Avenue
Red Deer, Alberta T4N5V5
3+1 beds• 2 baths• 1,103 sqft
Description
Located in West Park, one of Red Deer's most sought-after neighborhoods for families and investors alike. Just steps from Westpark Middle School and a short walk to Red Deer Polytechnic, this location offers unbeatable convenience for students, staff, and growing families. Set on a generous 7,200 square foot lot with back lane access, the spacious yard offers endless potential, room to garden, entertain, or simply enjoy the space. This bi-level home features four bedrooms and one and a half baths, with a full basement offering additional finished space perfect for a rec room, home office, or extra storage. (id:39198)
Facts & Features
● Building Type
House
● Year built
1974
● Square Footage
1,103 sqft
● Stories
--
● Bedrooms
3+1
● Bathrooms
2
● Parking
2
● Neighbourhood
West Park
● Land size
--
● Heating type
Forced air, Other
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
55 days
Home price
$334,999
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
$3,012/month
The payment includes
Rent
$2,612
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$400
Each month, $400 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
$387,803
Cumulative Down Payment
$19,390
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,390
Buyback Price
$351,749
Cumulative Down Payment
$9,797
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,797
Buyback Price
$369,336
Cumulative Down Payment
$14,593
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,593
Buyback Price
$387,803
Cumulative Down Payment
$19,390
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,390
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
$3,012/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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