River Flats, Medicine Hat · MLS® A2351205
22
960 sq ft · 7,500 sq ft lot · Townhouse · Single Family · built 2026 · 14 days on market
listed by BRIDGET LAMBERT, SELL AND SAVE
Brand New Bungalow-Style Home! Enjoy modern, low-maintenance living in this beautifully finished 960 sq. ft. home, conveniently located near downtown, parks and the Veiner Centre. Featuring 2 bedrooms, 2 full bathrooms and a functional open-concept layout. Quality finishes include custom cabinetry with soft-close doors and drawers, quartz countertops, air conditioning, stainless steel appliances, window coverings and a stacked washer and dryer. Additional features include ladder access to a mechanical loft and a 960 sq. ft. insulated and heated crawl space with approximately 3 ft. of height. Ideal for first-time buyers, downsizers or investors looking for a brand-new, low-maintenance property. Includes a 10-year Alberta New Home Warranty. Offered at $324,900, including GST, with the applicable GST rebate assigned to the builder. Some photos have been virtually staged.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
about $3,103 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $3,208 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.
Costs: mortgage $1,416 · tax $267 · insurance ~$175 · 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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Walkability 68/100 · Walkable: many errands on foot
Within a 10 minute walk: 5 parks and playgrounds, 2 schools.
mihom score from OpenStreetMap places, by straight line distance.