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Medicine Hat · Single Family · under $600,000 · 5+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1, 1804 29 Street SE
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
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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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
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.
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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 Jul 2, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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