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Reduced $52,099 (7%) from $699,999
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Medicine Hat · Single Family · under $700,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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302 Prospect Drive SW
Tucked into one of the city’s most desirable neighborhoods, this beautifully updated 1952 bungalow perfectly balances timeless character with thoughtful modern upgrades, while offering over 3000 sq ft of developed space. From the moment you step inside, the impressive 9’ ceilings on both the main floor and basement level, warm hardwood floors, and sun-filled living spaces create a home that feels both elegant and inviting. The stylishly renovated kitchen is designed for everyday living and effortless entertaining, featuring a 36” Blue Star gas stove, movable island, and a seamless blend of charm and functionality. With 2 bedrooms up and 2 down, plus a lower-level kitchenette ideal for guests, teens, or extended family, the layout offers flexibility without compromising comfort. The main floor bathroom adds a touch of everyday luxury with heated floors for added comfort year-round. Outside, the peaceful park-like backyard feels like your own private retreat — the perfect setting for morning coffee, summer evenings, or quiet weekends surrounded by mature greenery. Located just minutes from the hospital, downtown amenities, and quick highway access, this home offers the rare combination of tranquility and convenience. Beautifully maintained, thoughtfully updated, and completely move-in ready — this is bungalow living at its finest. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.33 Ft x 15.33 Ft | |
| Other | 10.75 Ft x 11.42 Ft | |
| Laundry room | 6.50 Ft x 8.83 Ft | |
| 4pc Bathroom | — | |
| Bedroom | 15.00 Ft x 12.25 Ft | |
| Bedroom | 10.92 Ft x 18.00 Ft | |
| Storage | 8.50 Ft x 16.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Sunroom | 8.58 Ft x 17.25 Ft | |
| Kitchen | 11.75 Ft x 16.50 Ft | |
| Dining room | 11.08 Ft x 16.75 Ft | |
| Bedroom | 11.67 Ft x 11.25 Ft | |
| 4pc Bathroom | — | |
| Primary Bedroom | 13.25 Ft x 16.33 Ft | |
| Living room | 22.75 Ft x 15.17 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
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
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 3, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.