$349,999
237 7 Street SW
Beds
4
Baths
2
Sqft
—
Year
1953
Type
Single Family
Suite
Legal suite
Location nearby
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.
About this home
Welcome to the perfect starter home or income-generating property! This charming 950 sq. ft. raised bungalow offers exceptional versatility, featuring a registered legal 877 sq. ft. basement suite and an oversized 24' x 26' detached garage. Ideally situated on the sought-after Southwest Hill, you’ll enjoy convenient access to a wide range of amenities, making this an excellent opportunity for both homeowners and investors.Step inside to a warm and inviting main floor filled with natural light from a large feature window. The living space is both comfortable and functional, flowing seamlessly into a well-designed kitchen with easy access to the laundry area and rear entrance. Two generously sized bedrooms and a full bathroom complete the main level.Downstairs, the fully updated legal suite provides outstanding flexibility, perfect for extended family living or rental income. This bright and spacious lower level includes two additional bedrooms, a full kitchen, a comfortable living area, and large windows that create an open, welcoming atmosphere.Outside, the fully fenced yard offers a private retreat with a concrete patio ideal for relaxing or entertaining. The detached garage, along with a paved parking pad, ensures ample parking and storage options.With its flexible layout, strong income potential, and prime location, this property presents an incredible opportunity to own a home that truly works for you. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- SW Hill
- Common interest
- Freehold
- Living area
- 950 square feet
- Lot size
- 6,250 square feet
- Lot dimensions
- 6250.00
- Bedrooms
- 2 above grade, 2 below grade
- Parking
- 6 total
- Stories
- 1
- On market
- Mar 16, 2026
- Status changed
- Apr 29, 2026
- Annual tax
- $2,449 (2025)
- Zoning
- R-LD
- Photos
- 43
- MLS#
- A2293578
- Area
- MEDICINE_HAT
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Flooring
Foundation
Lot
Cash on cash
11.29%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,207
Financing
Operating expenses (monthly)
Estimates 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.
Location nearby
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.