Property Details

Featured in:

Winners:

Featured in:

Winners:

112 1 Street NE
Medicine Hat (A2300316)

$899,900
3,498 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Pride of ownership is evident in this pristine 8-unit apartment building, ideally located in the mature Riverside area. Featuring a solid revenue mix of 6 two-bedroom units and 2 one-bedroom units, this property offers both stability and strong tenant appeal. 2 units have been tastefully updated with modern vinyl plank flooring, along with renovated kitchens and bathrooms. The building also benefits from newer windows and a durable membrane roof, helping to minimize future maintenance. Additional upgrades include two hot water tanks replaced in 2018. Each unit is equipped with a fridge, stove, and wall-mounted air conditioner, providing convenience and comfort for tenants. The property also includes two coin-operated washers and dryers for added income potential, as well as rear paved parking. Four units feature private balconies, enhancing tenant satisfaction and retention. With long-term tenants already in place and a location just steps from downtown, restaurants, and amenities, this is a turnkey investment opportunity you won’t want to miss.

Property details

Basic Info

MLS® #
A2300316
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Riverside
Price
$899,900
Sale/Lease:
For Sale
Size:
3,498 sq.ft.
Year Built:
1968 (58 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
8 Fridges, 8 Stoves, 8 Wall A/C, 2 Washers/Dryers (Coin Operated)

Lot / Land Info

Lot Size:
0.21 acres
Zoning:
R-MD

Materials & Systems

Roof:
Membrane
Heating:
Boiler
Cooling:
Other

Listing Info

Possession:
30 Days / Neg
Days on Market:
13
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Grassroots Realty Group Ltd.
1-833-477-6687

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