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Medicine Hat · Single Family · under $575,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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510 1 Street NW
Capturing the spectacular river and city views, this beautifully updated 1,227 sq. ft. brick bungalow at 510 1st Street NW is the complete package. Offering 3 bedrooms, 3 beautiful bathrooms, a single attached garage, carport, and a private, meticulously manicured yard, this home has been lovingly maintained and extensively updated inside and out.The moment you arrive, you'll appreciate the inviting cedar front deck with privacy glass and mature landscaping—the perfect place to enjoy your morning coffee while taking in the panoramic views. Inside, rich Brazilian chestnut hardwood flooring flows throughout the main level, creating warmth and elegance. The bright living room with gas burning fireplace showcases the incredible scenery, while the stunning new kitchen (2025) features modern finishes, updated appliances, and a fresh contemporary design that is sure to impress.The spacious primary suite offers a peaceful retreat, complete with three closets and a beautifully renovated 3-piece ensuite. Two additional bedrooms and updated bathrooms provide comfortable living for family or guests. Cozy up in the lower level family room in front of the wood burning fireplace. Outside, the private backyard is a true oasis with mature landscaping, underground sprinklers, and concrete block & newer vinyl fencing, offering both beauty and low-maintenance enjoyment.The list of updates is extensive and provides exceptional peace of mind, including all new windows (2017–2018), a high-efficiency 98% furnace and central air conditioning (2015), durable 2-ply SBS roofing system (2018), new kitchen (2025), fresh paint and updated lighting throughout the main living area (2025), all three bathrooms renovated (2023–2024), new carpet in the main-floor bedroom (2024), and an impressive list of updated appliances, including the washer, dryer, dishwasher, and garburator (2025). Additional improvements include a new front entry door, cedar deck, stainless steel laundry sink with cabinet, co ncrete waste-bin pad, and much more.Solid brick construction, exceptional pride of ownership, countless upgrades, and one of the most beautiful river and city views you'll find make this a truly rare offering. This is more than just a home—it's a lifestyle you'll enjoy every single day. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.25 Ft x 26.00 Ft | |
| Bedroom | 13.33 Ft x 11.08 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Laundry room | 19.67 Ft x 10.92 Ft | |
| Storage | 12.08 Ft x 14.92 Ft | |
| Other | 6.33 Ft x 7.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.75 Ft x 14.92 Ft | |
| Dining room | 10.33 Ft x 11.25 Ft | |
| Kitchen | 12.50 Ft x 11.25 Ft | |
| Primary Bedroom | 10.42 Ft x 25.67 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 13.92 Ft x 11.42 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
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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
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Inspection considerations
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Cash on cash
-1.32%
Cap rate
4.60%
GRM
13.9
Break-even rent
$3,298
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.
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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 10, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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