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248, 278 Park Meadows Drive SE
homes for sale · Medicine Hat · Southview-Park Meadows
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$258,500

248, 278 Park Meadows Drive SE

Southview-Park Meadows, Medicine Hat · MLS® A2352627

221

1,029 sq ft · Condo · Single Family · built 2001 · 9 days on market

listed by COLLEEN KELLY, ROYAL LEPAGE COMMUNITY REALTY

realtor's description

Welcome to the POPULAR 55+ “COURTYARDS” COMMUNITY! This spacious and functional 2 BEDROOM, 2 BATH CONDO is located in the “B” BUILDING & offers UNDERGROUND PARKING & AMAZING AMENITIES!! PLUS — THE SELLERS ARE OFFERING A $2,500 FLOORING ALLOWANCE!! There’s 1029 SQ FT OF FUNCTIONAL LIVING SPACE, and the home provides a comfortable layout, plenty of storage and access to an incredible selection of building amenities!! Step inside and you’re welcomed by a NICE-SIZED ENTRYWAY complete with a convenient closet offering plenty of room for JACKETS, SHOES & EXTRA STORAGE!! Straight ahead, you’ll find the spacious PRIMARY BEDROOM, with ample room for a KING-SIZED BED!! The primary retreat also features its own WALK-IN CLOSET and convenient 3 PIECE ENSUITE BATHROOM. Head to the right from the hallway and you’ll love the bright OPEN-CONCEPT KITCHEN & LIVING ROOM!! The kitchen offers TONS OF CABINET SPACE, giving you plenty of storage while opening beautifully into the living area for a comfortable and spacious feel!! From the living room, step directly outside onto your PRIVATE BALCONY — the perfect peaceful spot to enjoy your MORNING COFFEE, relax with a good book or simply unwind!! The suite is completed by a SECOND BEDROOM, an additional 4-PIECE BATHROOM and convenient IN-SUITE LAUNDRY!! But there’s even more to love about living at “THE COURTYARDS”, Residents have access to an impressive selection of amenities, including INDOOR POOL, HOT TUB, FITNESS CENTRE, GAMES ROOM, LIBRARY, WORKSHOP, BANQUET/MEETING ROOM, UNDERGROUND PARKING, CONVENIENT CAR WASH AREA & GUEST SUITES! The building’s main entrance also welcomes you with a BEAUTIFULLY MAINTAINED COURTYARD, adding to the inviting atmosphere of this wonderful community!! CONDO FEES: $585.75/MONTH, which includes HEAT, ELECTRICITY, WATER, SEWER, INSURANCE, COMMON AREA MAINTENANCE, CARETAKER, SNOW REMOVAL, TRASH REMOVAL, PARKING & RESERVE FUND CONTRIBUTIONS!! CALL YOUR FAVORITE REALTOR® TODAY TO BOOK YOUR PRIVATE VIEWING!!

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property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,029 sq ft
parking
1
year built
2001
property tax
$1,642 / yr
strata fee
$586 / mo ($0.57 / sq ft)
strata rules
Pets not Allowed, Age Restrictions
days on market
9
MLS®
A2352627

features

  • Elevator
  • No Smoking Home
  • Parking
  • Pets not Allowed
  • Age Restrictions
  • Washer

monthly cost

$1,849/mo
Mortgage $1,126 · Tax $137 · Strata $586

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

estimated payment
$1,126/ monthly
loan $206,800
25-year amortization
total interest
$131,078
land title fees
$570
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$52,270
down + land title fees
total paid
$337,878

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
−$771/mo
cap rate
1.7%
yearly net rent ÷ price

Costs: mortgage $1,126 · tax $137 · strata $586 · 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
COLLEEN KELLY
ROYAL LEPAGE COMMUNITY REALTY
call COLLEEN · 403-928-1110
Powered by: REALTOR.ca

location

Southview-Park Meadows, Medicine HatGoogle Maps ↗

property tax

about $2,469 a year

The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).

The listing shows $1,642 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

Southview-Park Meadows, Medicine HatGoogle Maps ↗
Drive times
  • Southview Centre2 min
  • Saint John Paul II Elementary6 min
  • Medicine Hat College7 min
  • Downtown Medicine Hat8 min
  • Medicine Hat Regional Hospital9 min
  • Medicine Hat High9 min
77

Walkability 77/100 · Walkable: many errands on foot

Within a 10 minute walk: 2 grocery stores, 5 places to eat or drink, 8 parks and playgrounds, 1 pharmacy, 4 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

131, 1480 Southview Drive SE, Medicine Hat
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131, 1480 Southview Drive SE, Medicine Hat, photo 7
131, 1480 Southview Drive SE, Medicine Hat, photo 8
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145, 1480 Southview Drive, Medicine Hat, photo 4
145, 1480 Southview Drive, Medicine Hat, photo 5
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119, 22 Park Meadows Drive SE, Medicine Hat, photo 8
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29 Cairns Way SE, Medicine Hat, photo 5
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120, 278 Park Meadows Drive SE, Medicine Hat
120, 278 Park Meadows Drive SE, Medicine Hat, photo 2
120, 278 Park Meadows Drive SE, Medicine Hat, photo 3
120, 278 Park Meadows Drive SE, Medicine Hat, photo 4
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120, 278 Park Meadows Drive SE, Medicine Hat, photo 7
120, 278 Park Meadows Drive SE, Medicine Hat, photo 8
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