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407, 245 Red Deer Drive SW
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Beds
2
Baths
1
Sqft
804
Year
1995
Type
Single Family
On market
26d
Welcome to easy living in Riverview Terrace! This top-floor, apartment-style condo offers a great location with quick access to the Medicine Hat Regional Hospital, Highway 1, River Heights School, and nearby walking paths, greenspace, and playgrounds. With no age restrictions and pets welcome (with some restrictions), this is a fantastic opportunity for first-time buyers, downsizers, or investors alike. Inside, you’ll find a bright and functional layout featuring a spacious living room with vaulted ceilings, plenty of natural light, and access to the covered front deck — the perfect spot to enjoy your morning coffee. The living area flows nicely into the dining space and kitchen, creating an open and comfortable feel throughout the main living areas. The kitchen offers classic white cabinetry paired with white appliances and plenty of storage space. This home also features 2 good-sized bedrooms, a 4-piece bathroom, convenient in-suite laundry with stacked washer and dryer, a generous storage room for all your extras, and one parking stall. Condo fees are approximately $493.31/month and include common area maintenance, electricity, heat, grounds maintenance, professional management, reserve fund contributions, sewer, snow removal, trash, and water — making for simple, stress-free ownership. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 7.92 Ft x 3.50 Ft | |
| Living room | 15.33 Ft x 11.92 Ft | |
| Dining room | 7.92 Ft x 8.08 Ft | |
| Kitchen | 7.58 Ft x 8.25 Ft | |
| Bedroom | 9.17 Ft x 10.83 Ft | |
| Primary Bedroom | 11.50 Ft x 11.42 Ft | |
| 4pc Bathroom | 7.17 Ft x 5.17 Ft | |
| Storage | 4.17 Ft x 6.25 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
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).
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 26, 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.