Terrace, Medicine Hat · MLS® A2348191
221
1,016 sq ft · Condo · Single Family · built 2007 · 30 days on market
listed by DEVON FELESKY, RE/MAX MEDALTA REAL ESTATE
Welcome to easy, maintenance-free living at #305–19 Terrace View NE! This well-appointed third-floor condo offers 2 bedrooms and 2 full bathrooms, making it an excellent option for first-time buyers, downsizers, or investors alike. The bright and inviting open-concept layout features a spacious living room with access to your private covered deck, a generous dining area, and a well-equipped kitchen complete with stainless steel appliances and plenty of cabinetry for storage and functionality. The primary bedroom includes a walk-through closet and a private 4-piece ensuite, while a second bedroom and additional 4-piece bathroom provide flexibility for guests, family members, or a home office. Additional features include convenient in-suite laundry, a covered deck perfect for enjoying your morning coffee or relaxing at the end of the day, plus one underground parking stall with a dedicated storage unit. This pet-friendly building (with restrictions) has no age restrictions and offers exceptional value with condo fees of just $450/month, covering all utilities and maintenance, including electricity, heat, water, sewer, garbage collection, snow removal, groundskeeping, parking, and reserve fund contributions. A fantastic opportunity to own a comfortable, affordable, and worry-free home in a great location!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,259 · tax $194 · strata $450 · 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
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about $2,760 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $2,326 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 27/100 · Mostly by car
Within a 10 minute walk: 8 parks and playgrounds, 1 school.
mihom score from OpenStreetMap places, by straight line distance.