11 Overdown Dr
Red Deer, Alberta T4N5G9
3 beds• 2 baths• 973 sqft
Description
Welcome to 11 Overdown Drive in Red Deer's established Oriole Park neighbourhood! This updated 3-bedroom half-duplex sits on a fenced corner lot with back lane access and off-street parking. Recent improvements include new vinyl plank flooring throughout, updated light fixtures, a refreshed kitchen, a new 4-piece main-level bathroom, fresh paint throughout and new panels in the suspended ceiling. The main floor offers a spacious living room and functional kitchen, while the developed basement features a generous family room, an additional bedroom or hobby room, and a 3-piece bathroom with laundry space. Enjoy a convenient location near parks, walking paths, schools, shopping and public transit. With its many updates, flexible living space and established neighbourhood setting, this home is a great option for first-time buyers, families or investors! (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1971
● Square Footage
973 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
Oriole Park
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$269,900
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
$2,447/month
The payment includes
Rent
$2,152
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$295
Each month, $295 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
$312,443
Cumulative Down Payment
$15,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,622
Buyback Price
$283,395
Cumulative Down Payment
$8,541
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,541
Buyback Price
$297,565
Cumulative Down Payment
$12,081
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,081
Buyback Price
$312,443
Cumulative Down Payment
$15,622
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$10,622
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
$2,447/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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Have Questions About Rent-to-Own? Let's Talk.
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