We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
16 Palisades Mews NE
Beds
2
Baths
3 full + 1 half
Sqft
1,277
Year
2005
Type
Single Family
On market
35d
This stunning executive condo offers breathtaking, unobstructed views and features two primary bedroom suites, one on the main floor and one on the walkout lower level. Designed with a beautiful open-concept layout, the main floor showcases a spacious primary retreat complete with a luxurious 5-piece ensuite, along with a bright living and dining area and an additional 2-piece bathroom. The kitchen is both stylish and functional, featuring a sit-up bar, beautiful solid raised maple cabinetry, and granite countertops—perfect for entertaining or everyday living. Solid oak doors, wide oak baseboards, and expansive floor-to-ceiling windows flood the home with natural light while framing spectacular views of the South Saskatchewan River, surrounding coulees, and unforgettable sunrises.The fully developed walkout lower level is equally impressive, featuring in-floor heating and ICF party wall construction for added comfort and efficiency. This level offers a second primary bedroom suite with its own private 3-piece ensuite, as well as a dedicated office space and laundry room. Enjoy seamless indoor-outdoor living with a balcony off the main floor dining area and a covered lower-level patio—both perfect for taking in the scenery year-round.Completing the home is an attached heated double garage with epoxy flooring and built-in cabinetry, providing both convenience and ample storage. As an added benefit, condo fees have been prepaid through the end of the current year, and a $5,000 contribution to the condominium reserve fund will be provided for the benefit of the new owner. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 25.67 Ft x 20.42 Ft | |
| Bedroom | 11.17 Ft x 14.25 Ft | |
| 4pc Bathroom | 8.25 Ft x 7.42 Ft | |
| Other | 15.42 Ft x 11.25 Ft | |
| Laundry room | 8.00 Ft x 5.83 Ft | |
| Furnace | 14.42 Ft x 4.83 Ft | |
| Storage | 14.42 Ft x 5.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 7.75 Ft x 6.67 Ft | |
| Living room | 17.83 Ft x 22.08 Ft | |
| Dining room | 10.00 Ft x 13.25 Ft | |
| Kitchen | 16.75 Ft x 11.58 Ft | |
| Primary Bedroom | 12.75 Ft x 11.67 Ft | |
| 5pc Bathroom | 11.17 Ft x 19.75 Ft | |
| 2pc Bathroom | 2.67 Ft x 8.00 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
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
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
-1.10%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,026
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Medicine Hat. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.