17 Watson Street


Red Deer, Alberta T4N5X7

3 beds 1 bath 1,034 sqft

Description

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)

Facts & Features

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● Building Type

House

● Year built

1974

● Square Footage

1,034 sqft

● Stories

1

● Bedrooms

3

● Bathrooms

1

● Parking

4

● Neighbourhood

West Park

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Partially finished, Full

● Parking Type

--

● Time on REALTOR.ca

0 days

Home price

$329,900

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

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

$2,964/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.

Buyback

Here is the final price if I buy the house after:

1 year2 years3 years
Year 3

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

$2,964/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

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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