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Medicine Hat · Single Family · under $650,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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310 Somerside Crescent
Be the first to own this stunning new build half duplex that features a full legal basement suite & a single attached garage. An exceptional opportunity for investors or buyers seeking built-in rental income. Thoughtfully designed and quality built by New Tab Homes Ltd. in collaboration with DP76 Construction, this property delivers modern design, smart functionality, and income potential. The main living space is intentionally designed to maximize the layout, welcoming you with a spacious foyer that opens into a bright living room and dining area. The well appointed kitchen features a centre island, corner pantry, and patio door access to a covered deck, while a convenient 2 piece bathroom completes the main level. The upper level hosts 3 generously sized bedrooms, including a primary bedroom with a walk-in closet and private 4 piece ensuite. An additional 4 piece bathroom and a dedicated laundry room add to the home’s practicality. The fully developed walkout basement includes a legal suite, offering excellent flexibility for extended family or rental income. The suite features its own kitchen, cozy family room, two bedrooms, a 4 piece bathroom, and a separate laundry area. Estimated completion is mid September 2026, providing time for buyer customization. Front landscaping will be completed as part of the build. A rare opportunity to own a brand new, thoughtfully designed property in one of the city’s most desirable neighbourhoods. Primary Image is a conceptual AI-generated illustration of the home’s planned design and is provided for visual reference only. Final materials, colours, and finishes may vary. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.17 Ft x 5.33 Ft | |
| 4pc Bathroom | 10.83 Ft x 5.00 Ft | |
| Bedroom | 10.50 Ft x 8.33 Ft | |
| Bedroom | 10.00 Ft x 11.50 Ft | |
| Furnace | 7.50 Ft x 6.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 8.00 Ft x 7.67 Ft | |
| 2pc Bathroom | 5.00 Ft x 6.83 Ft | |
| Dining room | 9.00 Ft x 10.67 Ft | |
| Living room | 15.00 Ft x 12.17 Ft | |
| Kitchen | 18.00 Ft x 8.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.00 Ft x 14.17 Ft | |
| 4pc Bathroom | 8.17 Ft x 6.67 Ft | |
| 4pc Bathroom | 7.67 Ft x 6.50 Ft | |
| Laundry room | 5.33 Ft x 6.33 Ft | |
| Bedroom | 10.00 Ft x 9.83 Ft | |
| Bedroom | 11.00 Ft x 10.00 Ft | |
| Living room | 10.50 Ft x 14.00 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
-1.25%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,602
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.