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502, 165 South Ridge Drive SE
homes for sale · Medicine Hat · SE Southridge
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$299,900

502, 165 South Ridge Drive SE

SE Southridge, Medicine Hat · MLS® A2336555

331

1,368 sq ft · Townhouse · Single Family · built 1995 · 74 days on market

listed by Jeffrey Cox, eXp Realty

realtor's description

Welcome to San Paloma Condominiums, where comfort, space, and a peaceful setting come together in this fully developed townhouse. Backing onto a serene, park-like green space, this well renovated home offers beautiful views, plenty of natural light, and the convenience of a single attached garage all in a prime location close to the college, shopping, golf courses, and everyday amenities. The open-concept main floor features a spacious kitchen with quartz countertops, a corner pantry, and plenty of room for cooking and entertaining. The adjoining living room is bright and inviting, with large windows overlooking the green space and a cozy fireplace creating the perfect place to unwind. Main-floor laundry and a conveniently located 2-piece bathroom complete this level. Upstairs, the generous primary bedroom features a walk-in closet and convenient walk-through access to the 4-piece bathroom. Two additional bedrooms provide plenty of space for family, guests, or a home office. The fully developed basement adds even more versatility, with a recreation area, a comfortable second living room, and an additional 3-piece bathroom. With a functional layout, finished basement, attached garage, and an exceptional setting, this San Paloma townhouse offers a fantastic combination of comfort, convenience, and value.

property details

type
Townhouse, Single Family
bedrooms
3
bathrooms
3
living area
1,368 sq ft
parking
1
year built
1995
property tax
$2,586 / yr
strata fee
$325 / mo ($0.24 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
74
MLS®
A2336555

buying in a building from 1982 to 2000: what to read first

features

  • Other
  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher
  • Stove
  • Microwave Range Hood Combo

monthly cost

$1,847/mo
Mortgage $1,307 · Tax $216 · Strata $325

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

estimated payment
$1,307/ monthly
loan $239,920
25-year amortization
total interest
$152,071
land title fees
$640
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$60,620
down + land title fees
total paid
$391,991

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
−$624/mo
cap rate
2.7%
yearly net rent ÷ price

Costs: mortgage $1,307 · tax $216 · 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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listed by
Jeffrey Cox
eXp Realty
call Jeffrey · 587-581-6900
Powered by: REALTOR.ca

similar homes nearby

property tax

about $2,864 a year

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

The listing shows $2,586 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

SE Southridge, Medicine HatGoogle Maps ↗
Drive times
  • Medicine Hat College3 min
  • Southview Centre4 min
  • Saint John Paul II Elementary5 min
  • Medicine Hat Regional Hospital6 min
  • Medicine Hat High6 min
  • Downtown Medicine Hat8 min
21

Walkability 21/100 · Mostly by car

Within a 10 minute walk: 7 parks and playgrounds, 1 school.

mihom score from OpenStreetMap places, by straight line distance.

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