249 Somerset Way Southeast
Medicine Hat, Alberta T1B0B6
2+1 beds 3 baths 855 sqft
Description
Attention Investors!! Want a home with a BACKYARD SUITE/MORTGAGE HELPER? THE POTENTIAL IS HERE!! ALL EXPENSIVE, HARD WORK has already been DONE TO THIS DREAM GARAGE!! This fully finished 25' x 28' dual-door garage is the stuff dreams are made of: 10' ceilings, fully finished,high-efficiency furnace ready for A/C, 220 electrical, kitchen cabinets with microwave, and even a 3-piece (shower) bathroom. Apply to the cith of Medicine Hat for permits to complete this potential backyard suite for a mortgage helper or rent both main house and backyard suite for postive CASH FLOW. Let's talk about the house! 1630 TOTAL living space in this exceptional BUNGALOW!! The first thing you'll notice is the welcoming covered front porch, which is an extension of the home. This is a place you'll love to spend your summer evenings, watching the world go by. The open main floor with vaulted ceilings features a kitchen with loads of cabinets, beautiful appliances, and excellent counter space, all overlooking the dining area and living room with a gas fireplace. Two bedrooms plus full bathroom finish off the main. Downstairs, you'll find a spacious family room, the 3rd bedroom, a second full bath, and a dreamy laundry room with plenty of storage, and don't forget about that GARAGE!!! The possibilities here are wide open! The backyard is fully fenced, beautifully landscaped, with its own private deck. Underground sprinklers in the front and back. The parking options are amazing, with access for an RV or trailer, extra easy off-street parking, and the heated garage! You're within walking distance of the new elementary school and close to loads of shopping. With a full appliance package, central air, and newer shingles, this one is the perfect package! (id:39198)
Facts & Features
● Building Type
House
● Year built
2007
● Square Footage
855 sqft
● Stories
1
● Bedrooms
2+1
● Bathrooms
3
● Parking
5
● Neighbourhood
Southland
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
58 days
Home price
$399,900
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
$3,630/month
The payment includes
Rent
$3,126
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 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
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
Buyback Price
$419,895
Cumulative Down Payment
$11,049
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,049
Buyback Price
$440,890
Cumulative Down Payment
$17,098
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,098
Buyback Price
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
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
$3,630/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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