40 Van Dorp
Red Deer, Alberta T4R0G3
2+3 beds 3 baths 1,236 sqft
Description
Welcome to this spacious 5-bedroom bungalow offering plenty of room for the whole family! The main floor features a bright, open-concept layout with vaulted ceilings, a cozy gas fireplace with stone surround, and a functional kitchen complete with birch cabinetry, a corner pantry, and raised eating bar. The dining area provides direct access to the back deck, perfect for entertaining or enjoying the outdoors. The primary bedroom offers a spacious walk-in closet and a 5-piece ensuite featuring double sinks, a corner soaker tub, and separate shower. An additional bedroom, a 4-piece bathroom, and convenient main-floor laundry complete the main level. Downstairs, you’ll find a fully finished basement with a generous family room, two additional bedrooms, a bonus room, and another 4-piece bathroom, providing plenty of space for family or guests. This home has seen several updates over the years, including shingles (2023), hot water tank (2019), stove (2018), washer and dryer (2023), microwave (2021), dishwasher (2024), and fridge (February 2026). Additional improvements include new flooring in the main-floor bedroom and fresh paint throughout both levels. Other great features include central air conditioning, in-floor heating, a sprinkler system, a reverse osmosis water filtration system, and an attached heated 23x23 garage. Outside, the landscaped yard features vinyl fencing with an added privacy gate, a spacious deck with privacy glass, and a gas line for your BBQ. With plenty of space inside and out, this home is ready for its next owners! (id:39198)
Facts & Features
● Building Type
House
● Year built
2007
● Square Footage
1,236 sqft
● Stories
1
● Bedrooms
2+3
● Bathrooms
3
● Parking
3
● Neighbourhood
Vanier Woods
● Land size
--
● Heating type
Forced air, In Floor Heating, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$535,000
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
$5,083/month
The payment includes
Rent
$4,196
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$887
Each month, $887 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
$619,329
Cumulative Down Payment
$36,933
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,933
Buyback Price
$561,750
Cumulative Down Payment
$15,644
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,644
Buyback Price
$589,838
Cumulative Down Payment
$26,289
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$21,289
Buyback Price
$619,329
Cumulative Down Payment
$36,933
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$31,933
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
$5,083/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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