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Investment signal

$424,900

5360 Southlands Drive SE

Save this home

Beds

3

Baths

3 full + 1 half

Sqft

Year

2024

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Only 1 year old and offering low-maintenance living with NO CONDO FEES, this beautifully finished half duplex is sure to impress!Filled with natural light and modern, bright finishings, this home offers a warm and inviting feel from the moment you step inside. Ideally located within walking distance to all amenities and directly across from a beautiful park with a pond and playground. The location is just as appealing as the home itself.The main floor features a spacious open-concept layout, perfect for everyday living and entertaining. The stunning kitchen is a standout, showcasing quartz countertops, a corner pantry, and upgraded cabinetry complete with pull-out shelves, and many convenient custom finishing touches and thoughtful storage solutions. The kitchen flows seamlessly into the dining and living areas, with direct access to a private deck and cozy backyard. Main floor offers a convenient 2-piece bathroom for guests and a generous primary bedroom retreat, complete with a walk-in closet, full 4-piece ensuite, and a stylish, very convenient wardrobe that can be included.The fully developed basement provides a versatile space ideal for entertaining or growing families, featuring two additional bedrooms, a 4-piece bathroom, a functional laundry area, and ample storage.Truly move-in ready, this home includes valuable extras already completed—shelving, fencing, gravel parking, and even Govee lighting—so you can enjoy the benefits of a new home without the added expense or effort. (id:65958)

Subtype
Single Family
Architectural style
Bi-level
Structure
Duplex
Community
Southland
Common interest
Freehold
Living area
928 square feet
Lot size
3,996 square feet
Lot dimensions
3996.00
Bedrooms
1 above grade, 2 below grade
Parking
2 total
On market
Apr 14, 2026
Status changed
Apr 22, 2026
Annual tax
$3,663 (2025)
Zoning
R-LD
Photos
36
MLS#
A2301499
Area
MEDICINE_HAT

Features and systems

Parking

Other

Basement

FinishedFull

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Flooring

Vinyl Plank

Foundation

Poured Concrete
Negative cash flow ~$248/mo at these assumptions

Cash on cash

-3.50%

Cap rate

4.16%

GRM

14.8

Break-even rent

$2,661

Financing

Down payment$84,980
Loan amount$339,920
Mortgage$1,722/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$195
Insurance$80
Maintenance$354
CapEx reserve$177
Vacancy loss$120

Estimates 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.

Mortgage estimate

Estimated $1,722/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.

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