Red Deer, Alberta T4N5X7
3 beds 1 bath 1,034 sqft
Welcome to West Park! This affordable bungalow offers a great opportunity to get into homeownership in one of Red Deer’s established and conveniently located neighborhoods. Featuring three bedrooms on the main floor, one full bathroom, and a spacious lot with ample additional parking and room for your RV, this property offers plenty of practical features and room to make it your own. The kitchen includes stainless steel appliances, including a microwave vented to the exterior. Recent improvements include a newer roof, solar panels and a new electrical panel (2024), along with two newer front windows. An air quality and energy efficiency audit has also been completed in connection with the solar installation. The basement offers partially developed space with existing laundry facilities, insulated exterior walls, a workbench area and room for a gym or additional development. A bathroom is currently in progress, with the toilet, shower base and surround installed. The shower door, vanity and sink will remain with the property for the next owner to finish. Vanity is set in place. Additional plumbing and laundry hookups have been installed in the utility room, providing the option to relocate the washer and dryer. Located in desirable West Park, you’re close to Red Deer Polytechnic, neighborhood amenities, schools, parks and convenient access to QEII and major routes throughout the city. Whether you’re a first-time buyer looking for an affordable place to call home or an investor exploring opportunities in a well-located neighborhood, this property is worth a look! (id:39198)
Home price
$329,900
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
$2,964/month
The payment includes
Rent
$2,572
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$392
Each month, $392 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
$381,900
Cumulative Down Payment
$19,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,095
Buyback Price
$346,395
Cumulative Down Payment
$9,698
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$4,698
Buyback Price
$363,715
Cumulative Down Payment
$14,397
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$9,397
Buyback Price
$381,900
Cumulative Down Payment
$19,095
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$14,095
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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next steps toward homeownership.