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Riverview Terrace

245 Red Deer Drive Sw, Medicine Hat, AB T1A8P4

Riverview Terrace, at 245 Red Deer Drive Sw, is a condo building in the Sw Hill area of Medicine Hat, Alberta. It was built in 1995 and stands 5 storeys tall.

Sw Hill
Year Built
1995
Floors
5
Building Type
Mid-rise apartment

Market Overview

Avg Sold Price
$171,566.667
Median Sold
$170,000
Price Range
$130,000 – $218,000
Avg $/SqFt
$186.028
Sales (2yr)
12
Active Listings
2
Avg List Price
$194,000
Avg Days on Market
20.83333333333333

Last sale: Oct 9, 2026

Condo Fees

Avg Monthly Fee
$559.988
Median Fee
$505.815
Avg $/SqFt
$0.619
Units w/ Fee Data
12
Fee IncludesHeat, Water, Electricity

Building Features

ExteriorStucco
AmenitiesElevator, snow removal, visitor parking.
Building TypeMid-rise apartment
Floors5 storeys
Year Built1995

Policies

Pet PolicyPets allowed with restrictions; one unit notes non-pet restriction for that unit specifically.

About This Building

Riverview Terrace is a five-storey mid-rise apartment condominium built in 1995, located at 245 Red Deer Drive SW in Medicine Hat's SW Hill community. The building is conveniently situated near shopping, restaurants, parks, and walking paths, with quick access to the Regional Hospital and Highway 1. Units range from one to three bedrooms, and recent sales have averaged around $172,000, with monthly condo fees averaging roughly $560, which typically include all utilities and maintenance. The complex offers covered balconies, in-unit laundry in many units, and assigned parking stalls. Before finalizing your purchase, have the condo's reserve fund study, financial statements, board minutes, and bylaws reviewed by a professional to ensure full understanding of the building's financial health and governance.

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