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Reduced $24,100 (4%) from $599,000
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1, 1804 29 Street SE
Beds
6
Baths
3
Sqft
1,750
Year
1962
Type
Single Family
On market
30d
A versatile, fully developed property in the desirable Norwood area, offering two separate homes on one lot and a combined rental income of $3,450 per month.The main home is a 1,063 sqft bungalow with three bedrooms and a 4-piece bathroom on the main level, plus a spacious living room, dining room, and kitchen. The fully developed basement adds a family room with a cozy stone fireplace, a fourth bedroom, a 3-piece bathroom, and a summer kitchen with built-in cabinets and a double stainless steel sink. The laundry/utility room is also in the basement. Outside you’ll find a private, fenced yard with mature trees and shrubs, a covered wood deck for relaxing or entertaining, and an 8×12 storage shed. The shingles are new. Currently rented at $1,750/month.Behind the main house sits a brand-new 676 sqft detached backyard suite bungalow built in 2025, with its own separate utility account — a real advantage for a rental. It offers two bedrooms, a 4-piece bathroom, and a kitchen with a new appliance package, plus an in-suite stacked washer and dryer. The suite is built for comfort and efficiency: in-floor heating, a ductless AC unit, an on-demand hot water system, vinyl siding, asphalt shingles, and double-glazed low-E windows. Covered by a builder’s warranty until August 2026. A perfect spot for extended family to live. Currently rented at $1,700/month.Close to shopping, school, shopping and parks (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.92 Ft x 18.25 Ft | |
| Recreational, Games room | 8.92 Ft x 19.83 Ft | |
| Bedroom | 12.92 Ft x 8.92 Ft | |
| Den | 12.92 Ft x 12.08 Ft | |
| 3pc Bathroom | 5.42 Ft x 5.92 Ft | |
| Laundry room | 5.75 Ft x 6.67 Ft | |
| Furnace | 7.25 Ft x 12.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.17 Ft x 5.83 Ft | |
| Living room | 12.67 Ft x 16.25 Ft | |
| Dining room | 10.58 Ft x 8.33 Ft | |
| Kitchen | 12.08 Ft x 13.75 Ft | |
| Bedroom | 10.42 Ft x 8.25 Ft | |
| Bedroom | 11.75 Ft x 8.25 Ft | |
| Bedroom | 10.58 Ft x 10.92 Ft | |
| 4pc Bathroom | 10.42 Ft x 5.00 Ft | |
| Other | 5.58 Ft x 3.92 Ft | |
| Living room | 15.58 Ft x 11.92 Ft | |
| Other | 9.50 Ft x 12.08 Ft | |
| Bedroom | 7.92 Ft x 9.00 Ft | |
| Bedroom | 10.08 Ft x 10.42 Ft | |
| Laundry room | 3.00 Ft x 3.33 Ft | |
| Other | 3.00 Ft x 4.25 Ft | |
| 4pc Bathroom | 6.33 Ft x 8.58 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
-1.20%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,571
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.
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 May 30, 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.