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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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329, 201 River Ridge Drive NW
homes for sale · Medicine Hat · Riverside
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$239,900

329, 201 River Ridge Drive NW

Riverside, Medicine Hat · MLS® A2344575

221

1,118 sq ft · Condo · Single Family · built 2007 · 40 days on market

listed by BOB BOURKE, RE/MAX MEDALTA REAL ESTATE

realtor's description

Priced to Sell!! Easy living in this 2 bdm, 2 bth condo with great square footage for the price! Riverstone is situated in beautiful Riverside, with easy access to downtown via historic tree-lined 3rd St, and quick on to the #1 hi-way. Kitchen features nice wood cabinets, breakfast bar and access to your deck to enjoy morning coffee with no neighbors across road its just natural relaxing praries and gorgeous evening sunsets. Large windows bring in tons of natural light in this well kept unit. Flexibility here with a fun murphy bed in the 2nd bedroom so it can be used for an office or crafty space for your enjoyment, but can make back into a bedroom for your guests to stay in. 2 bathrooms is always a bonus with 3pc. Ensuite off the Master bedroom as well as your full 4pc main. Assigned parking stall and storage unit in the heated underground garage. Central air conditioner to keep you cool in the summer and electric fireplace to keep you cozy in the winter. Full appliance package included-Fridge, stove, dishwasher, microwave and stacking washer dryer in its own room with some storage area there also. Deep freeze is negotiable. Bonus-Fireplace has new insert installed, as well as new kitchen tap. All major utilities electricity, heat, water etc included in the $660 monthly condo fee. This unit is priced to sell when comparing price per sq ft! Start your relaxing lifestyle here, Have a look today!!

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,118 sq ft
parking
1
year built
2007
property tax
$1,985 / yr
strata fee
$660 / mo ($0.59 / sq ft)
strata rules
Pets Allowed With Restrictions, Age Restrictions
days on market
40
MLS®
A2344575

features

  • Elevator
  • No Smoking Home
  • Parking
  • Pets Allowed With Restrictions
  • Age Restrictions
  • Refrigerator

monthly cost

$1,871/mo
Mortgage $1,045 · Tax $165 · Strata $660

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

estimated payment
$1,045/ monthly
loan $191,920
25-year amortization
total interest
$121,646
land title fees
$535
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$48,515
down + land title fees
total paid
$313,566

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
−$792/mo
cap rate
1.3%
yearly net rent ÷ price

Costs: mortgage $1,045 · tax $165 · strata $660 · 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

location

Riverside, Medicine HatGoogle Maps ↗

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listed by
BOB BOURKE
RE/MAX MEDALTA REAL ESTATE
call BOB · 403-952-3929
Powered by: REALTOR.ca

similar homes nearby

property tax

about $2,291 a year

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

The listing shows $1,985 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

Riverside, Medicine HatGoogle Maps ↗
Drive times
  • Medicine Hat Regional Hospital6 min
  • Crescent Heights High6 min
  • Downtown Medicine Hat7 min
  • École les Cyprès7 min
  • Medicine Hat College10 min
  • Co-op Mall10 min
19

Walkability 19/100 · Car needed for most errands

Within a 10 minute walk: 3 parks and playgrounds.

mihom score from OpenStreetMap places, by straight line distance.

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