SW Hill, Medicine Hat · MLS® A2336060
322
1,149 sq ft · Condo · Single Family · built 1995 · 76 days on market
listed by KIM O'DELL, ROYAL LEPAGE COMMUNITY REALTY
This beautiful, spacious corner condo has three bedrooms, two bathrooms and a bright, open floor plan with large windows and a west facing view. Riverview Terrace is in a serene location, surrounded by mature pine trees and is close to highway exits, the Big Marble Centre and in walking distance to the hospital. The condo has been well-maintained and updated with fresh botanical colors and new flooring and lighting. The primary bedroom features a walk-through closet and ensuite bathroom! The second large bedroom is tucked away behind the kitchen, providing solitude to its owner. The third bedroom, just off the dining room, is a great spot for an office, music or art room or a work-out room. The kitchen, bathrooms and roomy foyer have unique new flooring. Other upgrades include a new stacking washer & dryer in 2023 and a low profile, over-range microwave in 2025. You'll love the pretty sunset views from your covered, corner balcony. This unit comes with TWO parking stalls. ALL UTILITIES are included in the condo fee, including electricity, heat, sewer and water! The condo has a storage room, plus extra storage may be available outside. This property is open to any age, small pets are allowed and there is a lovely green space with playground next door. If you're ready for relaxing condo life, call today for a viewing. Some rooms have been virtually staged. Check out the Virtual Tour!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $974 · tax $135 · strata $709 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Medicine Hat: CMHC's average there ($1,468) raised 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 $2,135 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $1,619 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.