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5425 Township Road 121
This beautiful 2 acre property sits just two minutes from the City of Medicine Hat, offering the perfect blend of privacy, space, and convenience. The modified bi level home features an attached double garage with radiant heat, along with an impressive 21' x 47' detached shop. The shop is fully finished with in floor heating, a furnace, air conditioning, a 12' overhead door, a 2 piece bathroom, vinyl plank flooring, and a spacious 380sqft mezzanine that makes an ideal office, hangout space, or studio with incredible views.The land is perfectly suited for those who want room to breathe while staying close to amenities. Shopping, schools, and walking/bike paths are only minutes away, yet the property feels peaceful and secluded. There is an abundance of parking, including ample space for an RV and all your additional toys. Chickens are permitted with a Cypress County application, and the property allows for one horse. Avid gardeners will appreciate the generous outdoor space, the 12 zone underground sprinkler system with SMRID irrigation, and the additional 15' x 31' outbuilding that works well for equipment storage or as a tack room. A shed and firepit area add to the outdoor enjoyment, along with a hot tub and children’s play centre.Inside, the home welcomes you with an open concept design where the bright kitchen and dining area overlook the main floor living room, highlighted by a stone faced gas fireplace. The kitchen features granite countertops and direct access to the rear deck, making it perfect for entertaining. The main level also includes laundry for added convenience. Three bedrooms are located on the upper levels, including a generous primary suite complete with an ensuite and garden doors leading to the deck.The lower level offers a spacious family room with an electric fireplace, a pool table area, a sauna, an additional bedroom, and a full bathroom—an ideal setup for relaxation or hosting guests. Mechanical updates include a 5 ton air conditioning unit and a 50 gallon hot water tank. Potable household water is supplied by the Westside Water Co op.This acreage truly has something for everyone: space, comfort, incredible outbuildings, and the rare opportunity to enjoy country living just moments from the city. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 31.42 Ft x 27.08 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 15.50 Ft x 10.08 Ft | |
| Storage | 3.83 Ft x 5.25 Ft | |
| Furnace | 12.08 Ft x 6.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 12.58 Ft x 6.83 Ft | |
| Living room | 12.33 Ft x 21.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 18.33 Ft x 15.50 Ft | |
| Dining room | 11.58 Ft x 9.83 Ft | |
| Primary Bedroom | 14.25 Ft x 16.75 Ft | |
| Laundry room | 9.92 Ft x 7.42 Ft | |
| 5pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.33 Ft x 11.33 Ft | |
| Bedroom | 12.42 Ft x 13.50 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
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
-0.82%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,143
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 Jun 15, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.