277 Overdown Drive
Red Deer, Alberta T4P1W7
3+2 beds• 2 baths• 1,038 sqft
Description
Looking for space, convenience and value? This 5-bedroom + den, 2-bathroom half duplex offers plenty of room to accommodate a growing family, create dedicated workspaces or enjoy the flexibility of extra rooms. The open floor plan provides a comfortable flow between the living spaces, while the fenced yard offers outdoor space to enjoy.Location is key, and this home puts you close to all amenities! G.H. Dawe School, St. Patrick’s Community School, the G.H. Dawe Community Centre with its pool and ice rink, and a Red Deer Public Library branch are all nearby. Shopping, recreation and everyday essentials are within easy reach, making this a convenient place to call home.With five bedrooms plus a den, a functional layout and a fantastic location, this property offers plenty of possibilities for families, first-time buyers or investors looking for a home with room to grow. Come see the potential and discover how this property could work for you! (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1977
● Square Footage
1,038 sqft
● Stories
--
● Bedrooms
3+2
● Bathrooms
2
● Parking
2
● Neighbourhood
Oriole Park
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$289,900
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
$2,642/month
The payment includes
Rent
$2,315
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$327
Each month, $327 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
$335,595
Cumulative Down Payment
$16,780
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,780
Buyback Price
$304,395
Cumulative Down Payment
$8,927
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,927
Buyback Price
$319,615
Cumulative Down Payment
$12,853
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,853
Buyback Price
$335,595
Cumulative Down Payment
$16,780
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,780
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
$2,642/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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