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Medicine Hat · Single Family · under $725,000 · 1+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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16 Palisades Mews NE
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
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Insurance estimate
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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
-1.10%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,026
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 28, 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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