SE Hill, Medicine Hat · MLS® A2317981
221
1,142 sq ft · Condo · Single Family · built 1996 · 132 days on market
listed by AMY TOEWS KLETZEL, RIVER STREET REAL ESTATE
Enjoy the convenience of downtown living in this well-maintained 2-bedroom condo. Offering a bright open-concept layout, the living area is warmed by a cozy gas fireplace and flows seamlessly into the fully equipped kitchen, making it ideal for everyday living and entertaining.The unit features two comfortable bedrooms, a 4-piece bathroom, and the convenience of in-suite laundry. Step outside to relax on the private balcony, perfect for enjoying your morning coffee or evening unwind.With assigned off-street parking and two access points—either directly from the street or through the parking lot—this home offers both accessibility and convenience. Just one flight of stairs leads to the unit entry, placing you within walking distance of downtown amenities, shopping, dining, and services. This unit has been virtually staged.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $936 · tax $157 · strata $477 · 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 $2,052 a year
The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).
The listing shows $1,886 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 91/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 10 places to eat or drink, 4 cafes, 6 parks and playgrounds, 1 school.
mihom score from OpenStreetMap places, by straight line distance.