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104, 245 Red Deer Drive SW
homes for sale · Medicine Hat · SW Hill
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$164,500

104, 245 Red Deer Drive SW

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

realtor's description

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!

similar homes nearby

property details

type
Condo, Single Family
bedrooms
2
bathrooms
1
living area
814 sq ft
parking
1
year built
1995
property tax
$1,324 / yr
strata fee
$506 / mo ($0.62 / sq ft)
strata rules
Pets Allowed, Pets Allowed With Restrictions
days on market
16
MLS®
A2351497

buying in a building from 1982 to 2000: what to read first

features

  • See remarks
  • Parking
  • Pets Allowed
  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher

monthly cost

$1,333/mo
Mortgage $717 · Tax $110 · Strata $506

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$717/ monthly
loan $131,600
25-year amortization
total interest
$83,413
land title fees
$400
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$33,300
down + land title fees
total paid
$215,013

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,210/mo
after all costs
−$254/mo
cap rate
3.4%
yearly net rent ÷ price

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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
DEVON FELESKY
RE/MAX MEDALTA REAL ESTATE
call DEVON · 403-928-7676
Powered by: REALTOR.ca
▶ virtual tour

location

SW Hill, Medicine HatGoogle Maps ↗

property tax

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.

location

SW Hill, Medicine HatGoogle Maps ↗
Drive times
  • Medicine Hat Regional Hospital2 min
  • École les Cyprès4 min
  • Medicine Hat High4 min
  • Downtown Medicine Hat5 min
  • Medicine Hat College7 min
  • Co-op Mall8 min
37

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.

412, 245 Red Deer Drive SW, Medicine Hat
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Condo
$165,000
4methe deep dive
412, 245 Red Deer Drive SW
SW Hill, Medicine Hat24 days on market
listed by RIVER STREET REAL ESTATE
221809 sq ft
MLS® A2349096
82 Anson Avenue SW, Medicine Hat
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House
$134,900
4methe deep dive
82 Anson Avenue SW
SW Hill, Medicine Hat37 days on market
listed by ROYAL LEPAGE COMMUNITY REALTY
21
41 Link Court SW, Medicine Hat
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Townhouse
$194,900
4methe deep dive
41 Link Court SW
SW Hill, Medicine Hat83 days on market
listed by ROYAL LEPAGE COMMUNITY REALTY
221
1
906 sq ft
MLS® A2346253
614 sq ft
MLS® A2334185