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Medicine Hat · Single Family · under $375,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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261 9 Street SW
ATTENTION FAMILIES & INVESTORS!!!Welcome to this BEAUTIFUL BUNGALOW nestled in the highly desirable SW HILL NEIGHBORHOOD, where CONVENIENCE, COMFORT, AND OPPORTUNITY come together!!! With a PRESCHOOL AND ELEMENTARY SCHOOL just steps away, this home offers an IDEAL LOCATION FOR GROWING FAMILIES while also presenting an EXCELLENT INVESTMENT OPPORTUNITY!!!The main floor features 3 BEDROOMS, a FULL RENOVATED BATHROOM, and STUNNING HARDWOOD FLOORING that adds warmth and character throughout!!! The inviting dining area provides the PERFECT SETTING FOR FAMILY GATHERINGS AND ENTERTAINING GUESTS, while the tasteful color palette and updated finishes create a BRIGHT, MODERN FEEL!!!Over the years, several IMPORTANT UPGRADES have been completed, including NEWER WINDOWS, a NEWER ELECTRICAL PANEL, and updated plumbing shut-off valves, providing added PEACE OF MIND for future owners!!!The FULLY RENOVATED BASEMENT offers exceptional versatility with 2 ADDITIONAL BEDROOMS, a FULL BATHROOM WITH HEATED FLOORS, and a SPACIOUS OPEN-CONCEPT SUITE!!! Safety features include FIRE SPRINKLERS IN THE FURNACE ROOM and NEWER HARD-WIRED SMOKE DETECTORS!!! Shared laundry facilities located in the basement!!!Outside, you'll appreciate the UNDERGROUND SPRINKLER SYSTEM servicing both the front and back yards, helping keep the landscaping looking its BEST WITH EASE!!!For INVESTORS, this property offers STRONG INCOME POTENTIAL!!! The upper level previously rented for $1,800/MONTH PLUS 65% OF UTILITIES, while the basement suite is currently tenant-occupied at $1,300/MONTH PLUS 35% OF UTILITIES!!!Whether you're searching for a SPACIOUS FAMILY HOME with room to grow or a REVENUE-GENERATING INVESTMENT PROPERTY, this WELL-MAINTAINED SW HILL BUNGALOW is a FANTASTIC OPPORTUNITY YOU WON'T WANT TO MISS!!! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 20.50 Ft x 13.67 Ft | |
| Living room | 15.58 Ft x 10.83 Ft | |
| Dining room | 7.83 Ft x 7.42 Ft | |
| Other | 18.58 Ft x 12.50 Ft | |
| Bedroom | 20.00 Ft x 13.08 Ft | |
| 4pc Bathroom | 8.58 Ft x 9.50 Ft | |
| Furnace | 6.58 Ft x 5.17 Ft | |
| Laundry room | 5.83 Ft x 5.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 9.25 Ft x 12.17 Ft | |
| Kitchen | 11.25 Ft x 11.58 Ft | |
| Bedroom | 9.25 Ft x 12.00 Ft | |
| Bedroom | 11.83 Ft x 8.83 Ft | |
| Primary Bedroom | 15.33 Ft x 11.58 Ft | |
| 4pc Bathroom | 6.17 Ft x 8.58 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
12.10%
Cap rate
7.28%
GRM
9.9
Break-even rent
$2,170
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 21, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.