176 1 Street Southwest


Medicine Hat, Alberta T1A3Y9

3 beds 3 baths 2,702 sqft

Description

Wake up to the sunrise over the South Saskatchewan River, spend your evenings watching the sunset, and wonder how you ever lived anywhere else!! <3 Welcome to 176 1st Street SW—one of Medicine Hat’s most beautiful river locations, walking distance to the historic Downtown, yet perfectly tucked into a peaceful, natural setting. One of the city’s original homes, this whimsical property was thoughtfully expanded with a major renovation in the 1980s, creating extra space while keeping its character and charm. Upstairs features 3 bedrooms, laundry, and a spacious primary retreat with an ensuite (clawfoot tub, walk-in shower, custom vanity), a huge walk-in closet, and a private covered balcony to take in the views and wildlife. The main floor offers multiple cozy living areas, workspace options, and a den that could convert to a main-floor bedroom. The walk-out basement includes a rec room, storage, and flexible space to create whatever you need. This is a dreamers home! Outside is a gardener’s dream with fruit trees, perennial beds, ponds, and decks designed for entertaining and outdoor living. An adjacent easement adds extra privacy and additional off-street parking. Notable upgrades include hotwater tank, shingles, a garage, exterior stonework, and an upgraded massive back deck. A rare opportunity in a truly magnificent location at an unbeatable price! (id:39198)

Facts & Features

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● Building Type

House

● Year built

1910

● Square Footage

2,702 sqft

● Stories

2

● Bedrooms

3

● Bathrooms

3

● Parking

4

● Neighbourhood

SW Hill

● Land size

--

● Heating type

Forced air

● Basement type

Partially finished, Full

● Parking Type

--

● Time on REALTOR.ca

285 days

Home price

$598,900

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

$5,794/month

The payment includes

Rent

$4,702

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$1,093

Each month, $1,093 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

$693,302

Cumulative Down Payment

$44,330

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$39,330

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

$5,794/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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