271 Overdown Drive
Red Deer, Alberta T4P1W7
3 beds• 2 baths• 991 sqft
Description
A place to start, a rental to add to your portfolio, or a home you can improve over time—this Oriole Park bungalow half duplex offers options at an affordable price. Three bedrooms on the main floor, a spacious living room, and an eat-in kitchen with a pantry make for a practical everyday layout. The basement adds a large family room, fourth bedroom, den/office, second bathroom, and storage. There’s some updating to do, giving you the chance to make improvements at your own pace. The furnace and central air conditioning were installed in 2016, and a separate side entrance adds flexibility for those considering rental possibilities. Set on a quiet street connecting to Taylor Drive, you’re within easy reach of Red Deer’s north-end shopping, restaurants, and services. Off-street parking and immediate possession make it easy to get started. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1977
● Square Footage
991 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
2
● Neighbourhood
Oriole Park
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
2 days
Home price
$294,900
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
$2,691/month
The payment includes
Rent
$2,355
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$335
Each month, $335 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
$341,384
Cumulative Down Payment
$17,069
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,069
Buyback Price
$309,645
Cumulative Down Payment
$9,023
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,023
Buyback Price
$325,127
Cumulative Down Payment
$13,046
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$8,046
Buyback Price
$341,384
Cumulative Down Payment
$17,069
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$12,069
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
$2,691/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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