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CENTRAL ALBERTA Rent-to-Own Properties

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Check out the Central Alberta properties below!

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The Owners will allow you to live in these properties while you get qualified for your own mortgage to buy them out. This buys you time.   Please Note:

  • You must get pre-qualified before Realtors representing these properties will arrange a viewing.
  • Minimum down payment is at least 3-4% of property price.
  • Subscribe to Property Updates on this page if you would like to be notified of other properties as they become available.
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RENT-TO-OWN Bungalow w/2 legal suites + Double Garage in Red Deer

  
  
  
4101 Front resized 600Status: Available  May 1, 2014

Rent-To-Own this great bungalow with a legal mortgage helper-income suite certified by the City of Red Deer in the beautiful neighborhood of Michener Hill.  Close to the Michener Center, downtown and all the recreation attributes of the river valley, time to take a step towards home-ownership. 
Location/Neighborhood: Michener Hill
Type/Size: 850 sq ft x2 Bi-level
Bed/Bath: 3/2
Parking: Double Detached Garge (24x26)
Today's Price: $298,700
Base Rent: $2190 (but you get to collect revenue from basment + garage of ~$1140)
Minimum Down Payment: $10,000
Vendor will Finance:
  Up to 18 months
Pet Policy:
To be discussed
For Sale By: Owner

Picture yourself living in this central neighborhood in one of the suites, while your tenant pays your mortgage! In 2010 the entire home was renovated with new windows, doors and paint.  Main floor is a 2 bdrm/1 bath cozy suite totally transformed in the 2010 renovation including new kitchen and appliances, bathroom and flooring.  The basement boasts a 1bdrm/1bath separate legal suite with all new flooring and paint as well as kitchen and bath upgrades in 2011.  The shared laundry room is in the basement along with a large storage room separated for both suites use.    On the large lot there is a 24x26 garage with two separate doors and a large steel workbench, an 8x10 shed at the back of the property for extra storage when needed, plus a firepit.  Owner will provide vendor-financing in the form of rent-to-own /  lease with option to purchase for up to 18 months.  What a great property for a first-time homebuyer.  We are going to help you get into an awesome legal and affordable income property. Don't forget - because the suites are legal, you can use rental income to help qualify at mortgage time.  We'll show you how.

Example deal with $10,000 down payment and an 18 month lease. Your total monthly payment would be $2690 and you'd get $500/mo credit back (plus down payment) towards purchase price when you buy, which is a total purchase credit of $19,000 (or ~6.5%) and a perfect down payment plus closing costs for most mortgage purposes.   This is an example - other terms available.

Click for More Pictures















PURCHASE or RENT-TO-OWN 5 Bdrm w/Helper Suite +Dbl Garage in Red Deer

  
  
  
5514  FrontStatus: Available

Purchase or Rent-To-Own this 5 Bdrm/2 Bath 1/2 Duplex with Mortgage Helper Suite and Double-detached heated garage.
Location/Neighborhood: Red Deer, Riverside Meadows
Type/Size: 1052 sq ft
Bed/Bath: 5 / 2
Parking: Paved front drive for 2, double garge + 2 spots in rear
Today's Price: $259,900
Base Rent: $1800
Minimum Down Payment: $11,000
Vendor will Finance:
  Up to 12 months
Pet Policy:
To be discussed
For Sale By: Owner 

Attention First Time Home Buyers! Don't miss this great home in a great location AND includes a mortgage-helper suite! Enjoy this bright 5 bedroom semi-detached. There are 3 bedrooms up and 2 bedrooms down both with full kitchens but no locking door between the suites.  Share the cost of living with your extended family or friends while each enjoying their separate space.  There is also a large 22 x 26 double detached garage with furnace and a metal garden shed.  The home has new Low E Windows and blinds, newer kitchens and fresh paint. The large living room looks out onto a big green space, not into the neighbor's house, and lets in plenty of light. The back yard is completely fenced.  The bike path network is behind the house straight into the river valley.  Public transit (bus stop) is a 2 min walk and Taylor Drive connects you quickly to all parts of the city.  The home is located next to Fairview Elementary School and playground and kitty-corner to Bower Ponds.  The Red Deer College, Hospital and Superstore are all only minute away.  BEST YET? If you are on track for a mortgage but can't quite qualify for one today, we'll help you get started via rent-to-own.











RENT-TO-OWN or Purchase Alix Bungalow w/Garage

  
  
  
01 Front 4836 Alix

Status: Available
Rent-To-Own 3 bed 2 bath bungalow with 22x24 garage in Alix, AB
Location/Neighborhood: Alix, Alberta
Type/Size: 896 sq ft
Bed/Bath: 3/2
Parking: Garage 22x24
Today's Price: $158,900
Base Rent: $1100
Minimum Down Payment: $6,500
Vendor will Finance:
  Up to 18 months
Pet Policy:
To be discussed
For Sale By: Realtor

NICE STARTER HOME, GREAT LOCATION! This affordable 3 bedroom starter home is perfect for the young family. The interior has recently been painted and laminate flooring was installed in the living area. The fenced back yard is every families dream, the large pie shaped lot provides plenty of room for the kids to play, a workshop/garage and large mature trees for shade. The property is ideally located, across the street from the school, and 1 block to shopping or the Alix Lake Recreation area.

Example deal with $6500 down payment and an 18 month lease. Your total monthly payment would be $1325 and you'd get $225/mo credit back (plus down payment) towards purchase price when you buy, which is a total purchase credit of $10,550 (or ~6.5%) and a perfect down payment plus closing costs for most mortgage purposes.  This is an example - other terms available.

Click for More Pictures















Rent-To-Own 3 bed 2 bath Bungalow w huge lot + Garage in Bentley

  
  
  
01 Front 4618 Bentley

Status: Available
Rent-To-Own this 3 bed/2 bath Bungalow w huge lot+garage in Bentley
Location/Neighborhood: Bentley
Type/Size: Bungalow 1054 sq ft
Bed/Bath: 3 Bed/2 Bath
Parking: Detached Garage 22x22
Today's Price: $284,900
Base Rent: $1600
Minimum Down Payment: $11,500
Vendor will Finance:
  Up to 12 months
Pet Policy:
To be discussed
For Sale By: Realtor

Experience this beautiful home located in the quiet town of Bentley. This home was built with quality and longevity in mind. Large treed lot that is completely fenced. Garage is dry walled and insulated and measures 22x22. The unique cedar exterior adds to the appeal of this home. As you enter the home you will be greeted by an open living room with a corner wood fireplace. Enjoy the peace and quiet while hanging out and looking outside the huge picture window. The kitchen has been modernized and renovated with granite counter tops and birch cabinets. Two bedrooms on the main floor as well. The interior frame was built with solid wood logs and has that timeless look of quality wood. Basement is finished with a third bedroom and another room that could act as a fourth. This is a great place to call home, with flexible possession available.

Example deal with $11,500 down payment and a 12 month lease. Your total monthly payment would be $2200 and you'd get $600/mo credit back (plus down payment) towards purchase price when you buy, which is a total purchase credit of $18,700 (or ~6.5%) and a perfect down payment plus closing costs for most mortgage purposes.  This is an example - other terms available.

Click for More Pictures















Rent-to-Own or Purchase 3 bed Bungalow in Mirror on huge 120x100 lot

  
  
  
01 Front 4907 Mirror

Status: SOLD 
Rent-To-Own or purchase this 1130 sf, 3 bedroom affordable home on huge 100 x 120' lot, only 25 min east of Lacombe.
Location/Neighborhood: Mirror, AB
Type/Size: Bungalow, 1130sf
Bed/Bath: 3 bed, 1 bath
Parking: huge 100x120' lot
Today's Price: $136,500
Base Rent: $1100
Minimum Down Payment: $5500
Vendor will Finance: up to 12 months 
Pet Policy: To be discussed 
For Sale By: Realtor 












Rent-to-Own 2006 4BR Bi-Level Blackfalds

  
  
  
01 4745Outside

Status: RENTED 
Rent-To-Own this bright and sunny 4 bedroom bi-level - walk to playground, schools & parks.

Location/Neighborhood: Blackfalds, AB
Type/Size: Bi-level 1900 sf developed
Bed/Bath: 4/2
Parking: Parking/RV pad in back
Today's Price: $264,500
Base Rent: $1695 + util
Minimum Down Payment: $8000
Vendor will Finance:
 Up to 2 years 
Pet Policy:
see below 
For Sale By: Realtor 

RENT-TO-OWN this Gorgeous Walkout 2 acre Acreage Near Lacombe

  
  
  
Rent to Own Acreage Lacombe

Status: Available for APRIL 1, 2014
Rent-To-Own
 or Purchase this incredible 2-acre country residential acreage, located just outside the village of Morningside 5 minutes off Hwy 2 directly between Lacombe and Ponoka. Vendor will finance!

Location/Neighborhood: Morningside, AB
Type/Size: Reverse Walkout Bungalow 1230 sf
Bed/Bath: 4/3
Parking: Double Heated Garage
Today's Price: $485,000

Base Rent: $2150/month
Minimum Down Payment: $40,000
Vendor will Finance: up to 18 months
For Sale By: Onwer

Rent-To-Own or Purchase this incredible 2-acre country residential acreage, located just outside thevillage ofMorningside 5 minutes off Hwy 2 directly between Lacombe and Ponoka.









Rent-to-Own this Affordable Bungalow on Huge Lot in Bentley, Alberta

  
  
  
Rent-to-Own Bentley

Status: Under RTO Contract
Rent-To-Own this affordable home on a gorgeous lot in the Town of Bentley. This home has been remodelled and updated. Close to downtown, schools, Medicine Lodge Ski Hill & Gull Lake
Location/Neighborhood:
Bentley, AB
Type/Size:
Bungalow / 850 sf
Bed/Bath: 2 up 1+den down /1
Parking: Ample room to build garage
Today's Price: $189,500
Base Rent: $1190/month + utilities
Minimum Down Payment: $7000
Vendor will Finance:
12-18 months 
For Sale By: Realtor

RENT-TO-OWN Stettler great family starter home, just move in.

  
  
  
01 Front5707

Status: Available
Rent-To-Own this great family starter home in Stettler, totally renovated, just move in.
Location/Neighborhood:
Stettler, AB
Type/Size: 1.5 Storey / 1078sf
Bed/Bath: 3/1
Parking: Street or build a garage
Today's Price: $134,900
Base Rent: $900/mo
Minimum Down Payment: $7500
Vendor will Finance:
9-12 months
 

RENT-TO-OWN Alix Starter Home with Heated Garage Workshop

  
  
  
front-49St Alix

Status: Available
Rent-To-Own this great family starter home, totally renovated, with a heated garage workshop.

Location/Neighborhood: Alix / Lacombe County
Type/Size: Bungalow / 1,440 sq. ft.
Bed/Bath: 4/1
Parking: heated double garage plus RV pad
Today's Price: $249,900
Base Rent: $1,300/mo.
Minimum Down Payment: $10,000
Vendor will Finance:
6-12 mos. 
For Sale By: Realtor

Rent-To-Own or Purchase this great family starter home, totally renovated.  New French doors from the master bedroom lead to garden doors and a large tiled landscaped yard and heated garage workshop.  The well-insulated 24x34 heated double garage has 220V wiring, single side access plus double lane entry access, and there is even a washroom. Outside there’s room to park your RV behind the garage.  The house has new siding and new windows—all the work is done!  Washer and dryer are new front-end load, and you can even make an offer on the furniture if you like!  And the best part yet … NO BANK QUALIFYING!











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