75 Wright Avenue
Red Deer, Alberta T4N5X5
2+2 beds• 2 baths• 870 sqft
Description
Affordable Living with Endless Possibilities in Desirable West Park!Welcome to this affordable and versatile 4-bedroom, 2-bathroom half-duplex located in the highly desirable West Park subdivision of Red Deer. Situated on a mature, tree-lined lot, this property offers an excellent opportunity for first-time home buyers, growing families, roommates, or investors looking to expand their rental portfolio.The functional layout features two bedrooms and a 4-piece bathroom on the upper level, along with two additional bedrooms and a 3-piece bathroom downstairs. The spacious basement offers a huge living area and flexible space that can be transformed into a family room, kids’ play area, home gym, movie room, hobby space, or whatever best suits your lifestyle. With four bedrooms and two bathrooms, this home provides plenty of room for comfortable living or potential rental opportunities.Several updates add to the home's appeal, including 30-year shingles installed in 2017, a stove, fridge, and microwave from 2017, bedroom windows with a 50-year warranty, keyless entry.Enjoy the convenience of being just a few blocks from Red Deer Polytechnic, Heritage Ranch, and the Gary W. Harris Canada Games Centre, with easy access to Highway QE2 and South Red Deer amenities.Whether you are looking to enter the housing market, create a home that reflects your style, or invest in a property with potential, this West Park half-duplex offers affordability, space, and opportunity in a great location.Don't miss your chance to make this property your own! Be sure to view the virtual tour. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1974
● Square Footage
870 sqft
● Stories
--
● Bedrooms
2+2
● Bathrooms
2
● Parking
2
● Neighbourhood
West Park
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
11 days
Home price
$329,000
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
$2,955/month
The payment includes
Rent
$2,565
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$390
Each month, $390 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
$380,859
Cumulative Down Payment
$19,043
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,043
Buyback Price
$345,450
Cumulative Down Payment
$9,681
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,681
Buyback Price
$362,723
Cumulative Down Payment
$14,362
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,362
Buyback Price
$380,859
Cumulative Down Payment
$19,043
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,043
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
$2,955/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
Recently Listed Homes in Red Deer, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.