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266 Prospect Drive SW
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Medicine Hat · Single Family · under $600,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this charming bungalow ideally located in the heart of Medicine Hat, offering convenient access to schools, shopping, restaurants, parks, and all major amenities. This well-maintained home features a functional and inviting layout, with the kitchen and dining area situated just off the front entry and a spacious living room positioned to the opposite side, creating a comfortable flow for everyday living. The kitchen has been nicely updated with beautiful oak cabinetry, a pantry cabinet, new flooring, and includes all appliances. There is also breakfast seating and a bright, sunny dining area, making it a warm and practical space for both family meals and entertaining. This home has seen numerous valuable upgrades over the years, including two fully refinished bathrooms, updated windows, a new furnace and hot water tank, custom blinds, updated electrical and plumbing, and fresh paint throughout. The primary bedroom is generously sized and features his-and-hers closets, while several of the additional bedrooms offer convenient built-in shelving. An added-on section of the home expands the living space beautifully and includes a back porch landing, two additional bedrooms—one of which is a loft-style room—as well as a dedicated office area complete with two built-in desks. The fully developed lower level offers even more room to enjoy, with a large bedroom, spacious family room, laundry area, and plenty of storage space.Outside, you’ll find a private fenced patio oasis complete with a new iron gate—perfect for relaxing or entertaining. The double garage offers a paved back lane access and includes workshop space, while additional off-street parking or RV parking is available on the concrete parking pad.This is a fantastic opportunity to own a spacious, updated home in a central Medicine Hat location with room for the whole family and all the extras you need. Call for your viewing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 19.08 Ft x 13.33 Ft | |
| Bedroom | 11.42 Ft x 12.67 Ft | |
| 3pc Bathroom | — | |
| Laundry room | 93.00 Ft x 12.08 Ft | |
| Furnace | 9.25 Ft x 4.50 Ft | |
| Storage | 8.42 Ft x 5.42 Ft | |
| Other | 15.17 Ft x 15.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 8.33 Ft x 5.17 Ft | |
| Living room | 19.92 Ft x 12.25 Ft | |
| Dining room | 8.00 Ft x 11.17 Ft | |
| Kitchen | 11.92 Ft x 13.58 Ft | |
| Bedroom | 11.83 Ft x 13.33 Ft | |
| Bedroom | 12.58 Ft x 11.83 Ft | |
| Bedroom | 9.67 Ft x 8.17 Ft | |
| 4pc Bathroom | 7.00 Ft x 8.08 Ft | |
| Other | 5.08 Ft x 5.75 Ft | |
| Bedroom | 13.08 Ft x 14.08 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
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Suite legality / potential
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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
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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).
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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 Jul 7, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.