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5366 Southlands Drive SE
Beds
5
Baths
4 full + 1 half
Sqft
1,764
Year
2026
Type
Single Family
On market
61d
Welcome to this brand new half duplex built by New Tab Homes and DP76 Construction, offering 1,782 sq. ft. of thoughtfully designed living space plus a fully developed legal basement suite. This modern home features 3 bedrooms and 2.5 bathrooms above grade, along with a 2 bedroom, 1 bathroom secondary suite; perfect for generating passive income or accommodating extended family. Estimated completion is set for June 15, 2026. The main floor showcases a bright and functional layout, complete with a spacious living room, stylish kitchen, dining area, den, convenient half bathroom, and additional storage. Designed with both comfort and practicality in mind, the layout maximizes natural light and everyday usability. Upstairs, you’ll find 3 generously sized bedrooms, including a primary bedroom with a walk-in closet and a 5 piece ensuite. An additional 4 piece bathroom and upper level laundry add to the home’s convenience. The fully developed basement features a legal suite with a separate entrance, offering excellent income potential. The suite includes its own kitchen, family room, 2 bedrooms, a 4 piece bathroom, and in-suite laundry. A fantastic opportunity to own a new build with income potential in a well designed, Southlands modern home. Primary image is a conceptual AI-generated illustration of the home’s planned design and is provided for visual reference only. Final materials, colours, and finishes may vary. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.33 Ft x 10.00 Ft | |
| Dining room | 8.00 Ft x 9.00 Ft | |
| Kitchen | 10.00 Ft x 9.00 Ft | |
| Storage | 3.00 Ft x 5.33 Ft | |
| 4pc Bathroom | 10.17 Ft x 5.00 Ft | |
| Bedroom | 10.00 Ft x 9.08 Ft | |
| Laundry room | 6.67 Ft x 2.67 Ft | |
| Bedroom | 10.00 Ft x 9.08 Ft | |
| Furnace | 9.67 Ft x 5.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.17 Ft x 14.83 Ft | |
| Foyer | 6.83 Ft x 4.50 Ft | |
| 2pc Bathroom | 7.67 Ft x 3.00 Ft | |
| Storage | 7.67 Ft x 7.50 Ft | |
| Kitchen | 9.00 Ft x 15.00 Ft | |
| Dining room | 10.50 Ft x 12.33 Ft | |
| Den | 10.50 Ft x 7.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 16.17 Ft x 13.50 Ft | |
| Other | 6.00 Ft x 5.33 Ft | |
| 5pc Bathroom | 12.00 Ft x 5.00 Ft | |
| 4pc Bathroom | 10.00 Ft x 5.00 Ft | |
| Laundry room | 7.00 Ft x 5.50 Ft | |
| Bedroom | 12.33 Ft x 9.42 Ft | |
| Bedroom | 12.33 Ft x 9.42 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
-1.16%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,541
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 Jun 9, 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.