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Medicine Hat · Single Family · under $750,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2 Ranchero Place NE
Welcome to this unique pre-construction opportunity in the desirable Ranchlands neighbourhood, offering a versatile layout with a 3 bedroom duplex PLUS a 2 bedroom suite. Whether you’re looking for multi-generational living, added flexibility, or potential rental income, this property is designed to meet a variety of needs. The main home welcomes you with a bright, open-concept layout featuring a spacious kitchen, dining, and living area, along with a convenient powder room on the main floor. Upstairs, you’ll find 3 bedrooms including a comfortable primary retreat complete with ensuite and walk-in closet, plus 2 additional bedrooms and a full 4 pc bathroom. The undeveloped basement provides a blank canvas for future customization, with a thoughtful layout already in place for those looking to expand the living space. The separate rear suite offers its own private entrance and functional design, with a welcoming living area and kitchen with dining space on the main floor. Upstairs includes 2 bedrooms—both with walk-in closets—as well as a dedicated laundry area. Situated on a corner lot with no neighbours behind, this property offers added privacy and plenty of parking options. Located in Ranchlands, you’ll enjoy close proximity to scenic river views, walking paths, and a welcoming community setting. A rare opportunity to invest in a brand new, flexible living space in a sought-after location. - Images of property are artist renderings. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 11.92 Ft x 16.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 10.25 Ft x 10.75 Ft | |
| Living room | 12.50 Ft x 14.92 Ft | |
| Other | 5.33 Ft x 12.83 Ft | |
| 2pc Bathroom | 7.67 Ft x 3.00 Ft | |
| Kitchen | 12.17 Ft x 10.75 Ft | |
| Pantry | 7.67 Ft x 7.33 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.00 Ft x 5.00 Ft | |
| Bedroom | 9.50 Ft x 12.67 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.33 Ft | |
| Bedroom | 10.50 Ft x 13.00 Ft | |
| Other | 6.58 Ft x 3.67 Ft | |
| Living room | 13.67 Ft x 13.92 Ft | |
| Furnace | 8.17 Ft x 5.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.58 Ft x 13.83 Ft | |
| 3pc Bathroom | 5.67 Ft x 9.83 Ft | |
| Other | 5.92 Ft x 9.83 Ft | |
| 4pc Bathroom | 5.33 Ft x 9.25 Ft | |
| Bedroom | 9.67 Ft x 10.08 Ft | |
| Other | 4.67 Ft x 4.00 Ft | |
| Bedroom | 11.00 Ft x 9.25 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
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
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,208
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 Apr 16, 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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