Home Rent-to-Own Listings Medicine Hat, Alberta 251 12 Street Southeast

251 12 Street Southeast

Medicine Hat, Alberta T1A1V4

1+2 beds 2 baths 711 sqft

Description

Welcome to this charming bungalow at 251 12 ST SE, conveniently located in SE Hill close to Central Park, schools and many amenities. Offering 3 bedrooms, 2 bathrooms and plenty of living and storage space, this home has a practical and versatile layout.The main floor features a bright living room with hardwood flooring, dining area with chandelier, and an oak kitchen with fridge, stove and dishwasher. The main bathroom includes a tub with newer shower plumbing, faucet and tiled surround, with one bedroom completing the main level.The fully developed basement offers additional living space with a second 4-piece bathroom, laundry with washer and dryer, summer kitchen with freezer, office/storage area and two additional bedrooms. Ample storage throughout the home adds to its functionality.Outside, enjoy a fully fenced yard with underground sprinklers, covered patio, storage shed and rear parking with concrete pad. The heated single detached garage includes a large heated and cooled studio space with window/wall A/C, separate storage room and garage door opener.Additional features include rear shingles replaced in 2022 and 100 AMP electrical service. A great opportunity for buyers looking for a well-located home with flexible living space and excellent storage. (id:39198)

Facts & Features

● Building Type

House

● Year built

1947

● Square Footage

711 sqft

● Stories

● Bedrooms

1+2

● Bathrooms

● Parking

● Neighbourhood

SE Hill

● Land size

● Heating type

● Basement type

Finished, Full

● Parking Type

● Time on REALTOR.ca

55 days

Home price

$299,500

Calculate my rent-to-own affordability

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

$2,735/month

The payment includes

Rent

$2,393

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

Monthly Savings

$343

Each month, $343 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

$346,709

Cumulative Down Payment

$17,335

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$12,335

Year 1

Buyback Price

$314,475

Cumulative Down Payment

$9,112

• Initial Deposit

$5,000

• Monthly Savings x 12 months

$4,112

Year 2

Buyback Price

$330,199

Cumulative Down Payment

$13,224

• Initial Deposit

$5,000

• Monthly Savings x 24 months

$8,224

Year 3

Buyback Price

$346,709

Cumulative Down Payment

$17,335

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$12,335

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

$2,735/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!

Calculate my rent-to-own affordability See Qualified Home Criteria

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

Recently Listed Homes in Medicine Hat, AB