Active

TERRACE

204, 85 Terrace Drive Ne, Medicine Hat, AB

$397,000

Residential · MLS® A2294012
2Bedrooms
2Bathrooms
1,590Sq Ft
1Garage
2006Year Built
02 / Overview

PROPERTY OVERVIEW

Impressive view of the river and bluffs from this 1590 sqft condo. The suite offers 2 bedrooms, a den, a 4-piece bath and a 3-piece master ensuite. The open floor plan boasts 9-ft ceilings and features a large, naturally lit kitchen with granite counters, maple cabinets, an island and walk-in pantry. The bright, spacious living room is highlighted by a gas fireplace. A large, covered deck off the kitchen has a gas line for the barbeque and...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeLow Rise (2-4 stories)
Storeys4
Total Finished Area1,590 sq ft
ZoningR-MD
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingAssigned • Garage Door Opener • Stall
ExteriorBalcony
Year Built2006
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$417After mortgage & expenses
Cap Rate5.7%Based on market rents
Cash on Cash Return6.3%With 20% down payment
Est. Monthly Rent$2,883Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

TERRACE

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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A

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Listed by KELLY RISLING · RIVER STREET REAL ESTATE