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Medicine Hat · Single Family · under $400,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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112 8 Street SW
Located in the desirable and family-friendly Southwest Hill neighborhood, this legally suited home is a standout turnkey investment opportunity with strong rental potential and a flexible layout ideal for a variety of living situations. Fully registered with the City, the home features two self-contained suites—perfect for investors looking to rent out both units or homeowners wanting to offset mortgage costs by living in one suite and renting the other.The upper unit is bright, modern, and welcoming, featuring a tasteful palette and numerous recent updates throughout. It offers three spacious bedrooms, including a large primary bedroom with a walk-in closet, and a beautifully updated 4-piece bathroom. The heart of the home is the renovated kitchen, complete with a dishwasher and contemporary finishes, which opens into a cozy yet spacious family room—ideal for both everyday living and entertaining. A separate side entrance offers added privacy and convenience. Laundry for the upper suite is located in the basement, where you'll also find additional storage space, making this unit both comfortable and practical for a family or long-term tenant.The lower unit is equally impressive, boasting a large, bright living room, a well-appointed kitchen, and two comfortable bedrooms. It also includes a 3-piece bathroom, its own stacked washer and dryer, and an additional family room or flex space that adds even more appeal for potential tenants. With both front and rear private entries, the lower suite is truly independent and functional—an ideal setup for maximizing rental income.Outside, the home offers a large backyard that can be shared between both units, perfect for kids, pets, or outdoor entertaining. A convenient storage shed adds extra space for tools or seasonal items. The property is within walking distance of local schools, parks, and green spaces, making it attractive to families and renters alike.With all the major updates already completed and two fully i ndependent living spaces, this property is truly move-in ready. Whether you're an investor seeking reliable income or a homeowner wanting to make a smart financial move, this legally suited home offers exceptional value and versatility in one of the city's most established neighborhoods. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9.25 Ft x 19.08 Ft | |
| Family room | 12.08 Ft x 12.58 Ft | |
| Bedroom | 8.50 Ft x 11.83 Ft | |
| Bedroom | 7.42 Ft x 11.83 Ft | |
| Kitchen | 9.25 Ft x 12.17 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.75 Ft x 15.58 Ft | |
| Kitchen | 12.42 Ft x 14.67 Ft | |
| Bedroom | 10.42 Ft x 11.75 Ft | |
| Bedroom | 7.67 Ft x 8.75 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.25 Ft x 15.50 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
18.12%
Cap rate
8.49%
GRM
8.8
Break-even rent
$2,194
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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