SW Hill, Medicine Hat · MLS® A2351497
211
814 sq ft · Condo · Single Family · built 1995 · 16 days on market
listed by DEVON FELESKY, RE/MAX MEDALTA REAL ESTATE
Affordable Living or Investment Opportunity in Riverview Terrace! Conveniently located in Riverview Terrace, this main-floor condo offers excellent potential as a personal residence or revenue property! Close to the hospital, schools, shopping, and easy access to Highway #1, this location makes everyday living a breeze. Inside, you'll find a spacious living room with direct access to your private patio, conveniently located just steps from your assigned parking stall. The adjoining dining room flows into a functional galley-style kitchen featuring white cabinetry and white appliances. Down the hall are two bedrooms, a full 4-piece bathroom, convenient in-suite laundry, and a generous storage room complete with a deep freeze. The building has no age restrictions and welcomes pets subject to restrictions. Residents can also enjoy the added bonus of a shared greenspace with a playground. Condo fees are $505.63/month and include heat, electricity, water, sewer, and one assigned parking stall, making budgeting that much easier. Whether you're looking for an affordable place to call home or an investment opportunity in a convenient location, this condo is worth a look!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $717 · tax $110 · strata $506 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Medicine Hat: CMHC's average there ($1,217) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $1,571 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $1,324 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 37/100 · Mostly by car
Within a 10 minute walk: 2 places to eat or drink, 10 parks and playgrounds, 2 transit stops.
mihom score from OpenStreetMap places, by straight line distance.