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319 7 Street SE
Beds
3
Baths
2
Sqft
938
Year
1948
Type
Single Family
On market
76d
Excellent Location Near Central Park and Alexandria Middle School! This bungalow sits on a generous 6,500 sq. ft. lot; located in a mature, tree-lined neighbourhood offering backyard privacy and shade. The basement presents an opportunity for a basement suite as there is a kitchen space already developed with a side entrance that allows direct access to the basement. The main floor has 2 bedrooms, 1 Bath, Living room, Eat in Kitchen and a cool Sunroom space that allows you to take in the view of the large back yard. A large back deck, fire pit area, fully fenced back yard and cute white picket fence up front, compliment the value of the property. Off street parking/ RV parking available on the long drive. The single detached garage with attached workshop space offers flexibility for storage, projects, or hobby use.This property is a fixer-upper and will require cleanup and updating, making it an ideal option for renovators, investors, or buyers looking to add value through improvements. With the right vision, this home has the potential to be transformed into a warm and inviting space.Near parks, schools, Safeway, downtown and everyday amenities, this property presents a solid opportunity for buyers who aren’t afraid of some work and want to build equity in a desirable location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 14.17 Ft x 12.33 Ft | |
| Kitchen | 9.08 Ft x 13.17 Ft | |
| 3pc Bathroom | 5.08 Ft x 8.83 Ft | |
| Bedroom | 10.92 Ft x 8.83 Ft | |
| Laundry room | 15.00 Ft x 8.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.00 Ft x 14.67 Ft | |
| Kitchen | 14.08 Ft x 14.58 Ft | |
| Sunroom | 7.25 Ft x 12.67 Ft | |
| Primary Bedroom | 10.58 Ft x 12.33 Ft | |
| 4pc Bathroom | 5.42 Ft x 6.83 Ft | |
| Bedroom | 9.33 Ft x 10.50 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
21.84%
Cap rate
9.23%
GRM
8.1
Break-even rent
$1,503
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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.