416 Spruce Way Southeast
Medicine Hat, Alberta T1B4L6
2 beds• 2 baths• 1,166 sqft
Description
Welcome Home! This spacious bi-level with vaulted ceilings features a 24x26 heated attached garage! Buyers will love the roomy entrance, this is the perfect place to kick off your shoes for the day! The main floor features a roomy living room with warm oak hardwood floors, a spacious white eat-in kitchen with room for an island if that's your desire, and you can walk right out to the massive covered deck, this will be the best place to be on a warm summer's night. Additionally, the huge master bedroom has a walk-in closet and a pocket door to the main bath. The main floor laundry is an awesome space, and the 2nd bedroom features fantastic storage! The basement is fantastic!! Featuring a large family room including a corner fireplace, 2 large bedrooms, storage and a 2nd bath. This home is conveniently located close to elementary schools and public transportation. If you're looking for a great starter or downsizer, this might just be the one for you! (id:39198)
Facts & Features
● Building Type
House
● Year built
1999
● Square Footage
1,166 sqft
● Stories
--
● Bedrooms
2
● Bathrooms
2
● Parking
5
● Neighbourhood
SE Southridge
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
3 days
Brokerage Name: REAL BROKER
Home price
$458,900
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
$4,236/month
The payment includes
Rent
$3,593
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$642
Each month, $642 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
$531,234
Cumulative Down Payment
$28,123
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,123
Buyback Price
$481,845
Cumulative Down Payment
$12,708
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,708
Buyback Price
$505,937
Cumulative Down Payment
$20,416
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$15,416
Buyback Price
$531,234
Cumulative Down Payment
$28,123
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$23,123
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
$4,236/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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