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1864 16 Street SE
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Medicine Hat · Single Family · under $275,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to 1864 16th Street SE, a beautifully maintained and thoughtfully updated 1/2 duplex offering exceptional value with no condo fees. Whether you're purchasing your first home, downsizing, or looking for an investment, this move in ready property combines affordable living with the peace of mind that comes from extensive updates.The bright and inviting main floor features a spacious living room, a sunny dining area, two comfortable bedrooms, and a well appointed kitchen complete with updated appliances. Downstairs, you'll find a large family room, a third bedroom, a second bathroom, and an abundance of storage, providing flexible space for guests, hobbies, or a growing family.Over the past several years, the current owner has invested in many of the home's major components, allowing you to move in with confidence. Upgrades include all vinyl windows on the main floor (2020), a high efficiency furnace and central air conditioning (2019), hot water tank (2019), shingles on the home (2023), shed shingles (2020), and updated appliances (2022).Step outside to enjoy your fully fenced and landscaped backyard, designed for both relaxation and entertaining. Unwind in the peaceful gazebo, take advantage of the natural gas line for your barbecue, and enjoy the spacious she shed, perfect as a workshop, studio, garden retreat, or extra storage. A large concrete front driveway provides plenty of off street parking.Located in a well established southeast neighbourhood close to schools, parks, shopping, and everyday amenities, this home offers the perfect balance of comfort, convenience, and affordability. This is an excellent opportunity to own a fully finished home with major updates already completed and no monthly condo fees. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.17 Ft x 5.50 Ft | |
| Bedroom | 11.33 Ft x 10.92 Ft | |
| Family room | 22.33 Ft x 14.83 Ft | |
| Furnace | 9.92 Ft x 20.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 11.50 Ft | |
| Bedroom | 10.17 Ft x 8.00 Ft | |
| Kitchen | 15.08 Ft x 11.58 Ft | |
| Living room | 15.50 Ft x 11.50 Ft | |
| Primary Bedroom | 12.17 Ft x 11.50 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
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
18.25%
Cap rate
8.51%
GRM
8.7
Break-even rent
$1,600
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 4, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.