House
$294,000
96 Simpson Crescent SE
SE Southridge, Medicine Hatlisted today
listed by ROYAL LEPAGE COMMUNITY REALTY
MLS® A2354554
406, 165 South Ridge Drive SE
$298,900
406, 165 South Ridge Drive SE
SE Southridge, Medicine Hat · MLS® A2352162
332
1,505 sq ft · Townhouse · Single Family · built 1995 · 9 days on market
listed by JULIA LACEY, ROYAL LEPAGE COMMUNITY REALTY
realtor's description
If you are looking for a home that’s been well cared for and offers a little less upkeep, this one is worth a look! Located in San Paloma Condominiums in SE Southridge, this two-storey condo faces a quiet greenspace and has been thoughtfully maintained and refreshed over the years. With a central location and an affordable price point, it’s a great option for anyone looking to get into the market or simplify their lifestyle. Inside, you will find beautiful oak hardwood flooring throughout both levels, along with freshly painted kitchen cabinets featuring a centre island and walk-in pantry. The living room is spacious and inviting, with a cozy corner fireplace. The main floor also offers laundry, a two-piece bathroom, and direct access to the single attached garage. Upstairs, you will find three bedrooms, including a primary bedroom with a walk-in closet and convenient access to the four-piece bathroom. Need a little extra room? The fully developed basement offers even more living space, along with an additional full bathroom. Additional updates include: Furnace and A/C in 2024, Dishwasher in 2026, Stove in 2024, and a newer Fridge, Washer and Dryer. Enjoy being close to the college, George Davidson School, the par 3 golf course, and fantastic walking trails. Whether you are buying your first home, looking to downsize, or just ready for something that’s a little easier to maintain, this condo has a lot to offer.
property details
- type
- Townhouse, Single Family
- bedrooms
- 3
- bathrooms
- 3
- living area
- 1,505 sq ft
- parking
- 2
- year built
- 1995
- property tax
- $2,728 / yr
- strata fee
- $325 / mo ($0.22 / sq ft)
- strata rules
- Pets Allowed
- days on market
- 9
- MLS®
- A2352162
features
- See remarks
- Closet Organizers
- Parking
- Pets Allowed
- Washer
- Refrigerator
monthly cost
$1,855/mo
Mortgage $1,302 · Tax $227 · Strata $325
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $1,520/mo
- after all costs
- −$631/mo
- cap rate
- 2.7%
- yearly net rent ÷ price
Costs: mortgage $1,302 · tax $227 · strata $325 · 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
location
SE Southridge, Medicine HatGoogle Maps ↗
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