Crestwood-Norwood, Medicine Hat · MLS® A2353093
11
342 sq ft · Condo · Single Family · built 2005 · 5 days on market
listed by BRENT SECONDIAK, RE/MAX MEDALTA REAL ESTATE
Welcome to The Wellington, a welcoming and established retirement community in Medicine Hat, where comfort, convenience, and community living come together!Suites in this sought-after building don't come available very often, making this a wonderful opportunity for those looking to downsize, simplify their lifestyle, or enjoy the benefits of a friendly and supportive community.This cozy studio suite features updated flooring, a mini-split air conditioner for year-round comfort, and a functional kitchen complete with a stove, fridge, microwave, hood fan, and plenty of cupboard space. The spacious 3-piece bathroom includes a convenient barrier-free walk-in shower.What truly makes The Wellington special is the lifestyle it offers! Residents can enjoy a welcoming atmosphere, organized activities, common laundry facilities on each floor, optional dining services, and the opportunity to build lasting friendships with neighbours. The building is also pet-friendly, with some restrictions and utilities are included in condo fees.Enjoy the independence of having your own space while being part of a vibrant community!With limited turnover in this building, opportunities like this are worth a closer look.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $501 · tax $75 · strata $267 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Medicine Hat: CMHC's average there ($1,120) 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 $1,097 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $900 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 73/100 · Walkable: many errands on foot
Within a 10 minute walk: 3 places to eat or drink, 2 cafes, 6 parks and playgrounds, 4 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.