Medicine Hat, Alberta T1B1L4
3+2 beds• 3 baths• 1,320 sqft
First time on the market! Set on a large, irregular corner lot backing onto a park, this original owner bi level offers space, potential and a convenient Southview location near schools, Medicine Hat Mall and shopping.Built in 1976, this nonsmoking home features three bedrooms upstairs, including a primary bedroom with a two piece ensuite, plus a four piece main bathroom. The lower level offers large windows, two additional bedrooms, a three piece bathroom and potential for a sixth bedroom, providing flexibility for a growing family, guests or a home office.The kitchen was updated in the 1990s, and the home is ready for fresh ideas and personal touches throughout. Practical features include central air conditioning, central vacuum, a new washing machine and a heated garage with a metal roof. The house roof was replaced within the past few years, and one of the home’s two furnaces was replaced in 2019.With a park beyond the backyard, room to grow and the opportunity to update at your own pace, this home is ready for its next chapter. Bring your vision and make it a place you love to live! (id:39198)
Home price
$365,000
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
$3,298/month
The payment includes
Rent
$2,850
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$448
Each month, $448 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$422,533
Cumulative Down Payment
$21,127
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,127
Buyback Price
$383,250
Cumulative Down Payment
$10,376
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$5,376
Buyback Price
$402,413
Cumulative Down Payment
$15,751
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$10,751
Buyback Price
$422,533
Cumulative Down Payment
$21,127
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$16,127
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
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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next steps toward homeownership.