55 2 Street Southeast
Medicine Hat, Alberta T1A0B6
3 beds 2 baths 2,181 sqft
Description
Welcome to this spacious 2 storey home located on the SE Hill, nestled in a mature neighbourhood surrounded by beautiful trees and just minutes from the heart of downtown Medicine Hat, parks, shopping, and amenities! Offering 2,181 sq. ft. of living space, this character filled home features a functional layout. A charming front porch and spacious entryway welcome you inside, leading to a bright living room that flows into the dining area, complete with a lovely window seat, perfect for displaying plants or creating a cozy sitting space. The U-shaped kitchen offers all appliances, ample cabinetry, and counter space, with convenient access to the main floor laundry area and a 3pc bathroom. Upstairs, you'll find 3 generously sized bedrooms and a full 4pc bathroom. Continue up to the loft area, a versatile space offering endless possibilities as a playroom, home office, reading retreat, hobby room, or additional living area. Situated on a large lot, the property offers a spacious backyard with mature trees and a patio area, providing plenty of outdoor space to enjoy. The property is being sold "AS IS, WHERE IS," with immediate possession available. (id:39198)
Facts & Features
● Building Type
House
● Year built
1905
● Square Footage
2,181 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
2
● Parking
--
● Neighbourhood
SE Hill
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Partial
● Parking Type
--
● Time on REALTOR.ca
0 days
Home price
$209,900
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
$1,949/month
The payment includes
Rent
$1,750
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$199
Each month, $199 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
$242,985
Cumulative Down Payment
$12,149
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,149
Buyback Price
$220,395
Cumulative Down Payment
$7,383
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$2,383
Buyback Price
$231,415
Cumulative Down Payment
$9,766
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$4,766
Buyback Price
$242,985
Cumulative Down Payment
$12,149
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$7,149
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
$1,949/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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