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312 1 Street SE
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Medicine Hat · Single Family · under $2,700,000 · 3+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Discover a truly exceptional riverfront residence situated on a rare, nearly ½ acre lot in the heart of Medicine Hat’s historic First Street District, where natural beauty, refined living, and everyday convenience converge. Perfectly positioned along the South Saskatchewan River, this stunning property offers breathtaking views, with property lines extending directly to the water, providing private river access while also offering immediate access to scenic pathways and being just steps from downtown amenities including coffee shops, bakeries, restaurants, and boutique shopping. The main level presents an open and elegant design, highlighted by a coffered-ceiling living room, expansive dining area, and a thoughtfully refreshed, chef-inspired kitchen. This impressive space features dual islands, custom cabinetry, Taj Mahal quartzite paired with black honed leathered granite countertops, updated plumbing fixtures, and a thoughtfully curated mix of high-end appliances. The adjoining butler’s pantry is equally well appointed with a full-size refrigerator, wine fridge, sink, and additional storage. Floor-to-ceiling windows perfectly frame the riverfront setting, filling the home with natural light. The primary suite is thoughtfully situated on the main floor, offering a private deck, a spa-inspired ensuite with double vanities and a soaker tub, and a spacious walk-in closet complete with built-in laundry. Upstairs, dual staircases lead to three generously sized bedrooms, all with walk-in closets. Two bedrooms feature beautifully finished ensuites, while a versatile bonus room above the garage and a second laundry area add both comfort and functionality. One bedroom includes cork flooring, abundant natural light, and an infrared sauna, offering flexible use to suit your needs. The lower level offers over 2,000 sq ft of versatile space, ideal for recreation, entertaining, or future customization to suit your lifestyle. The outdoor living experience is equally impressive. A heated saltwater pool complete with a custom fiberglass waterslide and swim spa provides endless enjoyment, while a gas fire pit creates the perfect setting for evening relaxation. The mature landscaping, including fruit trees, a private gazebo, and a charming treehouse, enhances the property’s park-like atmosphere. Additional highlights include fresh interior paint, updated designer lighting throughout, and a spacious heated quad garage (23’ x 21’ x 44”) with ample additional parking. This is more than a home—it’s a rare riverfront retreat offering a seamless blend of luxury, lifestyle, and location. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 5.25 Ft x 16.17 Ft | |
| Kitchen | 18.17 Ft x 20.00 Ft | |
| Pantry | 10.17 Ft x 8.25 Ft | |
| Dining room | 7.75 Ft x 19.83 Ft | |
| 2pc Bathroom | 5.00 Ft x 6.67 Ft | |
| Living room | 19.25 Ft x 17.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.08 Ft x 15.67 Ft | |
| 5pc Bathroom | 11.08 Ft x 15.67 Ft | |
| Other | 7.92 Ft x 15.67 Ft | |
| Bedroom | 19.17 Ft x 11.25 Ft | |
| 4pc Bathroom | 8.08 Ft x 9.58 Ft | |
| Bedroom | 14.67 Ft x 14.83 Ft | |
| 4pc Bathroom | 7.42 Ft x 5.00 Ft | |
| Bedroom | 14.00 Ft x 13.00 Ft | |
| 5pc Bathroom | 9.08 Ft x 8.83 Ft | |
| Laundry room | 13.67 Ft x 6.58 Ft | |
| Bonus Room | 24.17 Ft x 23.17 Ft | |
| Recreational, Games room | 22.00 Ft x 21.08 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
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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 Jun 29, 2026.
Location of this listing. Distances are straight-line.
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