1178 Queen Street Southeast


Medicine Hat, Alberta T1A1B4

2+1 beds 2 baths 790 sqft

Description

Perfect starter home, downsizer, or revenue property with great yard space and detached double heated garage!! This great bungalow with 1400 sqft total living space is located on a lovely tree lined street and has so much to offer. The front yard "orchard" leads to the sweet front porch which makes the perfect tropical plant zone in the warm months, from here you step into the living room with large windows and is open to the kitchen with plenty of cabinetry and full appliance package. Also on the main are two bedrooms, a full four piece bathroom, and a great laundry/mudroom with space for storage and access to the large backyard. As you head down the stairs to the basement see if you can find the fun secret room (perfect for storage, crafting, or play room)! The newly renovated basement is home to a good sized family room (currently being used as a bedroom) with wet bar, the third bedroom (with egress window), and a two piece bathroom that is plumbed to add a shower. With an egress window in the basement family room, this space could easily be turned into a fourth bedroom with the installation of a wall and door. Situated on a large corner lot, this property has loads of yard space for play, entertaining and gardening! The detached 26' x 24' heated garaged has ample room for vehicles and work space, and there are two driveways here so you've got room for ALL the vehicles and toys! Some noteworthy updates in recent years include paint, flooring, some windows & doors, shingles, siding, garage doors & openers, and garage radiant heat. Close to parks, walking paths, schools, and shopping, this is a wonderful & affordable property! (id:39198)

Facts & Features

Powered by: REALTOR.ca

● Building Type

House

● Year built

1943

● Square Footage

790 sqft

● Stories

1

● Bedrooms

2+1

● Bathrooms

2

● Parking

6

● Neighbourhood

River Flats

● Land size

--

● Heating type

Forced air

● Basement type

Finished, Full

● Parking Type

--

● Time on REALTOR.ca

51 days

Home price

$309,900

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

$2,773/month

The payment includes

Rent

$2,414

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

Monthly Savings

$359

Each month, $359 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

$358,748

Cumulative Down Payment

$17,937

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$12,937

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

$2,773/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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