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643 5 Street SE
homes for sale · Medicine Hat · SE Hill
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$249,800

643 5 Street SE

SE Hill, Medicine Hat · MLS® A2322713

232

864 sq ft · Townhouse · Single Family · built 1988 · 123 days on market

listed by TERRA BOCKMAN, RIVER STREET REAL ESTATE

realtor's description

Welcome to this unique townhouse-style condo offering the perfect combination of space, privacy, and a convenient downtown location. This 2-bedroom, 3-bathroom home features an open-concept main floor with a spacious living room filled with natural light, complete with access to a beautiful private balcony with newer railing/flooring where you can relax and take in the stunning city views. The galley-style kitchen offers ample cabinetry and flows seamlessly into the dining area, making entertaining easy. Includes, fridge and stove only 3 years old and a dishwasher. A convenient two-piece bathroom completes the main level. As you make your way upstairs, you'll pass a large plant ledge and skylight that add character and charm to the home. The impressive loft-style primary retreat offers a peaceful escape with a 3-piece ensuite, makeup vanity area, window bench, and an abundance of closet and storage space.The lower level is thoughtfully designed with a second generously sized bedroom, a full 4-piece bathroom, and a large laundry area with additional storage. Washer and dryer are included and approx 4 years old.This well-maintained property has had lots of interior improvements over the years and also includes two parking spaces, updated exterior features, and close proximity to shopping, dining, parks, and all downtown amenities. If you're looking for a home with unique architectural features, incredible views, and a location that can't be beat, this condo is a must-see!

property details

type
Townhouse, Single Family
bedrooms
2
bathrooms
3
living area
864 sq ft
parking
2
year built
1988
property tax
$1,974 / yr
strata fee
$295 / mo ($0.34 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
123
MLS®
A2322713

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

features

  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher
  • Stove
  • Washer & Dryer

monthly cost

$1,548/mo
Mortgage $1,088 · Tax $165 · Strata $295

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

estimated payment
$1,088/ monthly
loan $199,840
25-year amortization
total interest
$126,666
land title fees
$550
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$50,510
down + land title fees
total paid
$326,506

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
−$610/mo
cap rate
2.3%
yearly net rent ÷ price

Costs: mortgage $1,088 · tax $165 · strata $295 · insurance ~$175 · 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

SE Hill, Medicine HatGoogle Maps ↗

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listed by
TERRA BOCKMAN
RIVER STREET REAL ESTATE
call TERRA · 403-957-1171
Powered by: REALTOR.ca

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property tax

about $2,386 a year

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

The listing shows $1,974 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 Hill, Medicine HatGoogle Maps ↗
Drive times
  • Downtown Medicine Hat1 min
  • École les Cyprès2 min
  • Medicine Hat High3 min
  • Medicine Hat Regional Hospital5 min
  • Co-op Mall6 min
  • Medicine Hat College7 min
98

Walkability 98/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 16 places to eat or drink, 6 cafes, 7 parks and playgrounds, 3 schools, 1 pharmacy, 4 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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