pillar/IMG-A2255465_1.jpg
9 hours on Market

40 Terrace Close, Medicine Hat, Alberta T1A2A8

Detached
3 + 1
4 + 1
~1566.00 sqft
$498,000
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Detached
3 + 1
4 + 1
~1566.00 sqft

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Highlights

Property Estimate

Days on market9 hours

Estimated valueNot available

Price/Sqft$318/sqft

Monthly cost

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Description

This beautiful 2-storey home in Terrace offers modern updates, a functional layout, and plenty of space for the whole family. Step inside to find stylish vinyl plank flooring and an updated kitchen featuring leathered granite counters, a large island, and a walk-in pantry. The open-concept main living area is perfect for gatherings, with a cozy fireplace in the living room and a dining area that opens directly to the back deck—ideal for BBQs and entertaining. Upstairs, you’ll find three spacious bedrooms and two full bathrooms. The primary suite is a true retreat, complete with a walk-in closet and an ensuite with a jetted tub and separate shower. The fully finished basement expands your living space with a family/games room, plenty of storage space, and an additional bedroom, also with its own ensuite and walk-in closet. The backyard is beautifully landscaped with mature trees, underground sprinklers, and features that make it perfect for outdoor living, including a hot tub, fire pit, and dog run. A double attached heated garage completes this fantastic property. This home is move-in ready, reach out to an agent today to book your private showing and experience all that this home has to offer!


Property Details

Style2 Storey
View-
Age of property2005
SqFt~1566.00 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2255465
Community NameRanchlands
Data SourcePILLAR 9
Listing byRE/MAX MEDALTA REAL ESTATE

Features

Heating: Forced Air,Natural Gas
Cooling: Central Air
Basement: Finished,Full

Main Floor

2pc Bathroom

Living Room

13`2" x 15`0"

Kitchen

8`2" x 12`9"

Dining Room

10`1" x 14`7"


Features

Patio: Deck

Parking

Garage spaces 2

Garage type -

Other parking spaces 3

Total parking spaces 5


Property History

Sep 9, 2025
ListedActive
$498,000
9 hours on market
history photo preview36
Listing by pillar 9®
Property listed by RE/MAX MEDALTA REAL ESTATE, Brokerage
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Market Data - Ranchlands

Geo Zone Map ThumbnailRanchlands

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

19 days

2023

21 days

2022

26 days

New Listings

Past 30 days

4 listings

Compared to

2024

2 listings

2023

8 listings

2022

8 listings

Units sold

Past 30 days

3 units

Compared to

2024

1 unit

2023

7 units

2022

5 units

Median Sold Price

Past 30 days

$520,000

Compared to

2024

$549,400

2023

$370,000

2022

$350,000


Population and Demographics

Overview

Total population 980
Average household income $140,004

Age (%)

0 to 19
26%
20 to 34
16%
35 to 49
23%
50 to 64
19%
65 and plus
15%

Household composition (%)

Single family
72%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
94%
Others
4%
German
1%

House tenancy (%)

Owners
76%
Renters
24%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget