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Reduced $8,100 (2%) from $355,000
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Medicine Hat · Single Family · under $375,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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53 3 Street SW
This cute and cozy gem is the perfect opportunity for a first-time home buyer — with the added bonus of a non-conforming basement suite to help supplement mortgage payments which currently is rented for $775 per month.Move-in ready and thoughtfully updated throughout, this charming home features beautiful hardwood floors, newer paint, and a fully renovated kitchen finished with great attention to detail. Major updates over the years include plumbing, electrical, hot water tank (2013), mostly newer windows, fencing, and concrete work in the backyard and front steps.The layout is set up well for flexibility and functionality, with a separate entrance to the basement suite and plenty of rear parking .Outside, enjoy a fully fenced and nicely landscaped backyard designed for low maintenance living. Complete with a beautiful patio/deck area and detached single garage, it’s the perfect space to relax or entertain.Excellent location close to the hospital, downtown, schools, shopping, and everyday amenities. Call to view this property. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 10.83 Ft x 15.17 Ft | |
| Dining room | 7.50 Ft x 10.67 Ft | |
| Other | 9.00 Ft x 10.67 Ft | |
| 3pc Bathroom | — | |
| Bedroom | 14.92 Ft x 12.17 Ft | |
| Laundry room | 13.25 Ft x 11.83 Ft | |
| Furnace | 4.92 Ft x 6.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.75 Ft x 5.67 Ft | |
| Living room | 12.75 Ft x 17.75 Ft | |
| Dining room | 12.33 Ft x 13.42 Ft | |
| Kitchen | 10.42 Ft x 11.92 Ft | |
| Bedroom | 9.83 Ft x 11.08 Ft | |
| 4pc Bathroom | — | |
| Bedroom | 10.92 Ft x 9.75 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
3.48%
Cap rate
5.56%
GRM
12.0
Break-even rent
$2,188
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 15, 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.