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316 Washington Way SE
homes for sale · Medicine Hat · River Flats
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$289,000

316 Washington Way SE

River Flats, Medicine Hat · MLS® A2352891

442

1,314 sq ft · Townhouse · Single Family · built 2004 · 9 days on market

listed by PATRICE MORRISON, RIVER STREET REAL ESTATE

realtor's description

Nestled in the desirable River Flats neighbourhood, this fully developed RiverPark townhome offers an exceptional blend of comfort, convenience, and low-maintenance living, just moments from some of Medicine Hat’s most sought-after amenities. Featuring 4 bedrooms and 4 bathrooms, this spacious 3+1 layout offers flexibility for families, guests, or a dedicated home office. A single attached garage and maintenance-free exterior add to the ease of everyday living.The main floor features beautiful hardwood flooring and a bright, inviting open-concept layout. The functional kitchen overlooks the dining area and living room, creating a seamless flow for everyday living and entertaining. A garden door off the kitchen leads to a private, fenced outdoor space complete with a deck and concrete patio—perfect for summer barbecues, relaxing outdoors, or hosting family and friends.Upstairs, the generous primary suite offers a four-piece ensuite and a spacious walk-in closet filled with natural light. Two additional well-proportioned bedrooms and a beautifully finished main bathroom complete the upper level. The fully developed lower level provides even more living space, featuring a comfortable family room, a fourth bedroom, and an additional bathroom with shared laundry, making this home suitable for a variety of living arrangements.The location is hard to beat! Enjoy easy access to the YMCA, Strathcona Park, Lions Park, Athletic Park, tennis courts, the swimming pool, grocery shopping, and scenic walking paths, all just a leisurely stroll away.Recent updates add even more value and peace of mind, including a new hot water tank in May 2026, along with a new fridge, induction stove, and microwave in December 2025. The dishwasher was also replaced in June 2024.The affordable condo fee of $300.22 per month includes exterior maintenance, exterior insurance, professional management, and contributions to the reserve fund, allowing you to spend less time worrying about upkeep and more time enjoying your home.Comfortable, spacious, and ideally located, this RiverPark townhome is an excellent opportunity to enjoy low-maintenance living in one of Medicine Hat’s established neighbourhoods.

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property details

type
Townhouse, Single Family
bedrooms
4
bathrooms
4
living area
1,314 sq ft
parking
2
year built
2004
property tax
$2,372 / yr
strata fee
$300 / mo ($0.23 / sq ft)
strata rules
Pets Allowed, Pets Allowed With Restrictions
days on market
9
MLS®
A2352891

features

  • PVC window
  • Pets Allowed
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator
  • Dishwasher

monthly cost

$1,757/mo
Mortgage $1,259 · Tax $198 · Strata $300

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

estimated payment
$1,259/ monthly
loan $231,200
25-year amortization
total interest
$146,544
land title fees
$625
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$58,425
down + land title fees
total paid
$377,744

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
$1,520/mo
after all costs
−$534/mo
cap rate
3.0%
yearly net rent ÷ price

Costs: mortgage $1,259 · tax $198 · strata $300 · insurance ~$175 · 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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
PATRICE MORRISON
RIVER STREET REAL ESTATE
call PATRICE · 403-866-2022
Powered by: REALTOR.ca

location

River Flats, Medicine HatGoogle Maps ↗

property tax

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 $2,372 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

River Flats, Medicine HatGoogle Maps ↗
Drive times
  • Downtown Medicine Hat3 min
  • Monsignor McCoy High5 min
  • École les Cyprès6 min
  • Medicine Hat Regional Hospital7 min
  • Co-op Mall8 min
  • Medicine Hat College9 min
64

Walkability 64/100 · Walkable: many errands on foot

Within a 10 minute walk: 5 parks and playgrounds, 3 schools.

mihom score from OpenStreetMap places, by straight line distance.

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2, 969 2 Street SE, Medicine Hat, photo 8
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