Red Deer, Alberta T4R3K3
2+2 beds• 2 baths• 1,022 sqft
Welcome to this fully developed 4-bedroom, 2-bathroom bi-level in the family-friendly community of Lancaster. Ideally located close to schools, parks, playgrounds, shopping, and everyday amenities, this home offers the space and flexibility that many buyers are looking for. The main floor features a bright, open-concept layout with plenty of natural light, a spacious kitchen with ample cabinetry and counter space, and a comfortable dining and living area that makes everyday living and entertaining feel effortless. Downstairs, the fully developed lower level adds a whole new level of flexibility with a second kitchen, separate laundry, two additional bedrooms, and a full bathroom. Whether you need space for extended family, older children, guests, or simply want more room to spread out, the possibilities are here. The lower-level kitchen, cabinetry, and appliances were updated in 2023, and the basement has been freshly painted, giving the space a clean, refreshed feel. Major updates include a new furnace, new hot water tank, and central air conditioning, providing comfort and peace of mind for years to come. Outside, enjoy a west-facing backyard with room to relax and entertain, along with an oversized 22' x 22' boarded double detached garage—perfect for vehicles, storage, hobbies, or a workshop. There is also an oversized storage shed and additional storage beneath the deck. If you're looking for a home that gives you room to live, flexibility for the future, and a great Lancaster location, this one is worth a look. (id:39198)
Home price
$424,900
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
$3,868/month
The payment includes
Rent
$3,324
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$544
Each month, $544 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
Buyback Price
$446,145
Cumulative Down Payment
$11,531
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,531
Buyback Price
$468,452
Cumulative Down Payment
$18,062
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$13,062
Buyback Price
$491,875
Cumulative Down Payment
$24,594
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,594
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
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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Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.