5517 45 Avenue
Red Deer, Alberta T4N3L7
1 bed• 1 bath• 965 sqft
Description
Here is a rare 100' x 150' lot in Waskasoo, one of Red Deer’s most established neighborhoods. This 968 sq ft bungalow sits on close to 15,000 sq ft of land, about double the size of a typical lot in the area. Mature trees, a detached garage and rear lane access complete the package. This is a simple, affordable way into a great location. Make it your first home, rent it out, or hold it for the land. The home is currently rented at $1,600 month to month. Inside you will find 1 bedroom + a Den & 1 full 4pc bathroom. basement was only half dug and is great for some extra storage.The yard is the real story. There is room for gardens, a play area, a future shop (subject to City approval), or simply space to breathe. Options to subdivide do exist depending on what you do with the current property. Step outside and you are minutes from the Waskasoo Park trail system, Gaetz Lakes Sanctuary, Kerry Wood Nature Centre and downtown shops and restaurants. A lot this size in a mature Red Deer neighborhood rarely comes any more. (id:39198)
Facts & Features
● Building Type
House
● Year built
1943
● Square Footage
965 sqft
● Stories
1
● Bedrooms
1
● Bathrooms
1
● Parking
1
● Neighbourhood
Waskasoo
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
See Remarks
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$419,900
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
$3,821/month
The payment includes
Rent
$3,285
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$536
Each month, $536 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
$486,087
Cumulative Down Payment
$24,304
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,304
Buyback Price
$440,895
Cumulative Down Payment
$11,435
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,435
Buyback Price
$462,940
Cumulative Down Payment
$17,870
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,870
Buyback Price
$486,087
Cumulative Down Payment
$24,304
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$19,304
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
$3,821/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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