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586 Prospect Drive SW
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Beds
4
Baths
4
Sqft
1,371
Year
1966
Type
Single Family
On market
90d
Rarely does a home like this come to market. This exceptional luxury bungalow offers a combination of elevated style, extensive upgrades, and one of the most spectacular views in the city!! Thoughtfully redesigned for comfort and function, this is a home that stands apart. Within walking distance to the hospital, schools, shopping, and Downtown, the location delivers an unmatched lifestyle of convenience and connection. Inside, you’ll find a beautifully upgraded home that blends quality craftsmanship with timeless appeal, creating a space that is both refined and welcoming. Adding even more value is the oversized heated single garage, complete with a Tesla charging station and a private office featuring its own heating and cooling. Whether you work from home, need a creative studio, or simply want a quiet retreat, this bonus space is as practical as it is impressive, all while enjoying those incredible views. Extensively upgraded to feel like NEW, centrally located, featuring a stunning private yard, sizeable enough for a pool, a beautiful deck ... truly one-of-a-kind. This rare bungalow offers a lifestyle that is hard to match. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 26.17 Ft x 13.58 Ft | |
| Other | 8.75 Ft x 10.25 Ft | |
| Furnace | 9.25 Ft x 12.58 Ft | |
| Laundry room | 8.00 Ft x 5.58 Ft | |
| 3pc Bathroom | 5.58 Ft x 4.75 Ft | |
| Media | 19.17 Ft x 9.67 Ft | |
| Storage | 6.00 Ft x 3.58 Ft | |
| Bedroom | 11.08 Ft x 13.50 Ft | |
| 4pc Bathroom | 8.00 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.42 Ft x 6.50 Ft | |
| Kitchen | 14.25 Ft x 12.67 Ft | |
| Dining room | 10.00 Ft x 12.67 Ft | |
| Living room | 26.25 Ft x 13.33 Ft | |
| Bedroom | 9.00 Ft x 10.25 Ft | |
| Bedroom | 11.00 Ft x 10.25 Ft | |
| Primary Bedroom | 11.42 Ft x 14.00 Ft | |
| 5pc Bathroom | 7.67 Ft x 7.33 Ft | |
| 3pc Bathroom | 5.58 Ft x 6.08 Ft | |
| Office | 13.67 Ft x 5.67 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).
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.