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88 Cypress Way SE
Beds
5
Baths
4 full + 1 half
Sqft
2,706
Year
1975
Type
Single Family
On market
26d
Rarely does a property offer this much flexibility for family living, entertaining and recreational storage in one package. With over 2,700 sq ft of finished living space, five bedrooms, four bathrooms, extensive RV parking, a private courtyard-style backyard, plus one of the most versatile bonus spaces you will find inside the city. The feature that sets this home apart is the incredible 40' x 22' attached bonus room. Currently designed as an impressive theatre and recreation space with a 172" screen, audio setup, wet bar, and home gym area, this nearly 850 square foot room opens the door to so many possibilities. Use it as a family theatre, games room, fitness studio, home business, day home, yoga studio, hobby room, guest retreat, nanny quarters, or future income suite. This space is complete with its own climate control, and is attached seamlessly to the home with no stairs between the main home and bonus area, which creates excellent potential for accessible living, wheelchair-adaptable use, or a private main-level living quarters for someone with mobility needs. The main floor is practical, bright, and comfortable, with a welcoming living room, dining area, functional kitchen, office space, backyard access, main-floor laundry, garage access, and a convenient bathroom. Upstairs offers three bedrooms, including the primary bedroom with ensuite, while the lower level adds additional bedrooms, bathroom space, storage, and flexibility for family, guests, teenagers, or work-from-home needs. This home has also seen important upgrades for comfort and peace of mind, including an energy-efficient furnace, upgraded PVC windows and garden doors, shingles with new sheeting and ridge venting, updated paint, interior doors, ensuite improvements, vinyl flooring, and brand-new carpet in May 2026. Outside, the property continues to deliver. The low-maintenance, fully fenced private yard is built for relaxing and entertaining, with a brick courtyard, gazebo-covered patio, deck space, and a gas line for the BBQ. The attached garage plus 65' of RV parking gives you room for the motorhome, boat, trailer, work vehicle, or all the extras that are hard to store at a typical city property. A rare combination of space, function, parking, privacy, and upgrades. With quick possession — 88 Cypress Way SE deserves to be seen in person. This property delivers a lifestyle that's difficult to find anywhere else in Medicine Hat. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 9.08 Ft | |
| Bedroom | 8.17 Ft x 9.75 Ft | |
| 4pc Bathroom | 5.67 Ft x 8.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 9.92 Ft x 11.83 Ft | |
| Kitchen | 11.00 Ft x 11.92 Ft | |
| Living room | 11.50 Ft x 15.75 Ft | |
| Office | 9.33 Ft x 14.83 Ft | |
| 2pc Bathroom | 4.75 Ft x 9.75 Ft | |
| Media | 21.42 Ft x 39.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.58 Ft x 10.33 Ft | |
| 4pc Bathroom | 7.00 Ft x 9.25 Ft | |
| Bedroom | 9.75 Ft x 11.08 Ft | |
| Bedroom | 11.08 Ft x 12.33 Ft | |
| Primary Bedroom | 10.33 Ft x 14.08 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
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,717
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.
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 6, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.