We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
36 Terrace Place NE
Beds
4
Baths
4 full + 1 half
Sqft
1,778
Year
2003
Type
Single Family
On market
19d
Welcome to this Cape Cod-inspired two-story home, perfectly blending classic architectural charm with a massive list of modern improvements. Situated on a serene, low-traffic court close to schools, shopping, and scenic walking paths, this property offers an exceptional lifestyle both inside and out. From the moment you arrive, the welcoming front porch and beautiful wrap-around deck showcase the pride of ownership that overflows throughout. Step inside to an immediately bright, sun-drenched main floor layout designed for seamless daily living and effortless entertaining. A dramatic double-sided fireplace anchors and warms both the formal dining room and the inviting living area on chilly evenings. The large kitchen is a chef's delight, boasting new granite countertops, a tile backsplash, under cabinet lighting, and a casual breakfast nook. Completing the main level is the ultimate convenience of a main floor laundry space tucked into an updated two-piece bathroom.The thoughtful floor plan continues upstairs with all-new flooring spanning the staircase and the entire upper level. The spacious primary suite serves as a true private retreat, featuring a cozy, lit reading nook, a generous sized walk-in closet, and a beautifully updated master ensuite. Two additional bedrooms share a convenient Jack-and-Jill bathroom layout. Downstairs, the finished basement level maximizes your usable square footage with newer flooring, a refinished ceiling with modern pot lights, and a recently installed water softener. This flexible lower level features a massive family and recreation room—complete with a pool table and accessories—and a fourth bedroom boasting a large walk-in closet with a trendy new barn door. Tucked beside a full four-piece bathroom and plenty of extra storage.The oversized backyard oasis is large enough to easily build an additional detached garage. Stepping out from the kitchen, you will find a large, covered tiered deck and patio perfect for summer BBQs. The lower patio level comes pre-wired with electrical hookups, making it entirely ready to welcome your future hot tub. Exterior maintenance is a breeze thanks to a newer roof, newer vinyl siding, upgraded attic insulation, a matching outdoor storage shed, and underground sprinklers to keep the grass lush. Complete with dedicated RV parking and convenient alley access, this unique property offers peace of mind, premium upgrades, and a location that cannot be beat. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.33 Ft x 15.00 Ft | |
| Recreational, Games room | 12.33 Ft x 15.83 Ft | |
| Bedroom | 9.00 Ft x 12.58 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 11.00 Ft x 21.00 Ft | |
| Dining room | 11.00 Ft x 12.25 Ft | |
| Living room | 14.50 Ft x 14.58 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.00 Ft x 19.33 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 11.00 Ft x 10.92 Ft | |
| Bedroom | 12.67 Ft x 9.67 Ft | |
| 4pc Bathroom | .00 Ft x .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
-1.20%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,287
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 22, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.