Terrace, Medicine Hat · MLS® A2343891
111
757 sq ft · Condo · Single Family · built 2007 · 46 days on market
listed by DEVON FELESKY, RE/MAX MEDALTA REAL ESTATE
Welcome to easy, maintenance-free living in this well-appointed 3rd floor condo at #317–19 Terrace View NE. Offering 1 bedroom and a den, this functional layout includes a spacious primary suite with a walk-through closet and convenient access to the 4-piece Jack & Jill bathroom. The open concept main living area is bright and inviting, featuring a large living room, a generous dining space, and a well-equipped kitchen complete with maple cabinetry and stainless steel appliances—perfect for both everyday living and entertaining. Additional highlights include in-suite laundry, a private covered deck to enjoy your morning coffee or evening unwind, plus one underground parking stall with a dedicated storage space. This pet-friendly building (with restrictions) has no age restrictions, making it an excellent fit for first-time buyers, downsizers, or investors alike. Condo fees of $315.88/month cover all utilities and maintenance—including electricity, heat, water, sewer, trash, snow removal, groundskeeping, parking, and reserve fund contributions—offering truly worry-free living. A fantastic opportunity to own a comfortable and convenient 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 $1,026 · tax $141 · strata $316 · 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 $2,249 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $1,697 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.