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Medicine Hat · Single Family · under $300,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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260 2 Street SE
Step into the warmth and character of this charming 3 bedroom, 2 bath home on the South East Hill. Featuring timeless architectural detail, inviting living spaces and plenty of natural light along with hardwood floors on the upper level. The kitchen offers ample storage and cupboards and the spacious living room has an electric fireplace along side a dining area looking out to the rear of the home. Both bedrooms are a good size and there is a 4 piece bath. The lower level contains a family room and bedroom, 3 pc bathroom the laundry and plenty of storage areas. Outside, enjoy a mature tiered yard with established trees, space for a garden and room to relax. There is a rear facing detached single garage with manual door, another storage building and a storage shed. Whether you're a first time buyer, downsizing, or looking for an investment property, this home offers character and endless potential to make it your own. Close to shopping, schools and recreation facilities are a plus. Text or call today for your showing on this lovely home. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 11.75 Ft x 17.33 Ft | |
| Bedroom | 7.00 Ft x 14.42 Ft | |
| 3pc Bathroom | 9.08 Ft x 6.25 Ft | |
| Laundry room | 6.58 Ft x 11.83 Ft | |
| Storage | 4.75 Ft x 9.17 Ft | |
| Furnace | 6.42 Ft x 8.33 Ft | |
| Storage | 4.83 Ft x 9.08 Ft | |
| Storage | 3.00 Ft x 11.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.42 Ft x 8.50 Ft | |
| Dining room | 12.50 Ft x 11.00 Ft | |
| Living room | 12.08 Ft x 18.00 Ft | |
| Primary Bedroom | 12.83 Ft x 12.17 Ft | |
| Bedroom | 9.00 Ft x 12.00 Ft | |
| 4pc Bathroom | 7.08 Ft x 8.67 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
14.34%
Cap rate
7.73%
GRM
9.4
Break-even rent
$1,721
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 Jun 23, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.