340 5 Street Southeast


Medicine Hat, Alberta T1A0M8

3+1 beds 2 baths 1,608 sqft

Description

City views, timeless character, and modern updates all come together in this incredible home on the highly sought-after SE Hill. Built in 1914, this one-and-a-half-storey home has been meticulously renovated while preserving the charm that make character homes so special. Located just a short walk from Historic Downtown Medicine Hat, you’ll love having unique shopping, restaurants, cafés, and entertainment just minutes from your front door.As you step inside, you’ll immediately appreciate the warmth and character this home has to offer. Beautiful hardwood floors, original architectural details, and large windows fill the home with natural light while seamlessly blending historic charm with modern finishes. The main floor offers a functional layout with spacious living and dining areas, an updated kitchen with quality cabinetry, countertops, and appliances, plus the convenience of main floor laundry. Upstairs you’ll find comfortable bedrooms along with a beautifully restored bathroom, creating a truly one-of-a-kind space.The amount of work completed on this home is nothing short of impressive. Over the years, nearly every aspect of the home has been updated including the roof, chimney, decks, windows, siding, insulation, framing, Sheetrock, paint, flooring and subfloors, electrical, plumbing and sewer, furnace, HVAC, ductwork, hot water tank, fireplaces, doors, handrails, lighting, GFCI plugs, switches, fixtures, taps, toilets, appliances, cabinetry, countertops, baseboards, smoke and carbon monoxide detectors, and so much more. Simply put, the heavy lifting has all been done so all you have to do is move in and enjoy.After you have seen the house you will be amazed as you step outside onto the large back deck where you’ll be treated to incredible views overlooking Downtown Medicine Hat. This is the ideal place to relax and visit with family and friends. The beautifully landscaped yard creates your own private retreat and features underground irrigation, a peacefu l pond and river feature running alongside the home, mature landscaping, and a front lawn that perfectly complements the exceptional curb appeal.An added bonus is the MU-D zoning, giving you the flexibility for residential or commercial use. Whether you’re looking for a beautiful place to call home, a boutique office, studio, or investment opportunity, this property offers endless possibilities.Character, quality renovations, stunning city views, versatile zoning, and one of Medicine Hat’s most desirable locations all add up to one thing…a truly one-of-a-kind property. Take the virtual tour 24 hours a day or call your REALTOR® to book your private showing! (id:39198)

Facts & Features

Powered by: REALTOR.ca

● Building Type

House

● Year built

1914

● Square Footage

1,608 sqft

● Stories

1.5

● Bedrooms

3+1

● Bathrooms

2

● Parking

2

● Neighbourhood

SE Hill

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Partially finished, Partial, Separate entrance

● Parking Type

--

● Time on REALTOR.ca

128 days

Home price

$498,900

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

$4,681/month

The payment includes

Rent

$3,910

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

Monthly Savings

$771

Each month, $771 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

$577,539

Cumulative Down Payment

$32,754

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$27,754

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

$4,681/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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