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202, 2987 Dunmore Road SE
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Beds
1
Baths
1
Sqft
629
Year
1974
Type
Single Family
On market
38d
Welcome to Southview Terrace! This bright and affordable 1 bedroom, 1 bathroom condo is perfectly located in the heart of SE Medicine Hat, just minutes from shopping, restaurants, coffee spots, the mall, the college, and all your everyday amenities.Inside, you’ll find a functional layout with updated flooring and countertops, along with the convenience of in suite laundry featuring a newer washer and dryer, fridge and stove. The space is comfortable year round with air conditioning, and the living area opens onto your own private balcony, creating a great spot to relax and enjoy some fresh air.This unit also includes an assigned parking stall, adding to the ease of everyday living. Whether you’re a first time buyer, student, downsizer, or investor, this is a great opportunity to step into home ownership or secure a low maintenance rental property in a central location. With its proximity to the college and amenities, it offers strong appeal for both personal use and investment. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 7.17 Ft x 7.17 Ft | |
| Dining room | 7.50 Ft x 6.92 Ft | |
| Living room | 17.25 Ft x 14.25 Ft | |
| Primary Bedroom | 13.83 Ft x 11.00 Ft | |
| 4pc Bathroom | 5.08 Ft x 7.33 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
19.04%
Cap rate
8.67%
GRM
8.3
Break-even rent
$933
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.
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 17, 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.