Property Details

Featured in:

Winners:

Featured in:

Winners:

223 5 Street NW
Medicine Hat (A2304150)

$650,000
1,920 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

Excellent investment opportunity with this well-maintained fourplex offering strong income potential and long-term stability. Three of the four units are currently occupied by reliable long-term tenants, providing immediate cash flow, while the vacant unit has been recently refreshed with fresh paint and newer main floor flooring—ideal for owner occupancy or to maximize rental income at current market rates. Each unit features a functional and consistent layout, with the main floor offering a spacious kitchen, dining area, and bright living room complete with a cozy fireplace, along with a convenient 2-piece bathroom. The lower level includes two comfortable bedrooms, a full 4-piece bathroom, laundry area, and mechanical room, creating practical and desirable living spaces for tenants. The property has seen important updates over time, including new shingles in 2025 and mid efficiency furnaces and 2 hot water tanks (2020 & 2025). All units are equipped with central air conditioning, adding to tenant comfort and overall appeal.

Property details

Basic Info

MLS® #
A2304150
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Riverside
Price
$650,000
Sale/Lease:
For Sale
Size:
1,920 sq.ft.
Year Built:
1976 (50 years old)

Building Info

Structure Type:
Four Plex
Building Style:
Bi-Level
Garage:
No
Parking:
Off Street
Fence:
Basement:
No
Features:
See Remarks
Fireplaces:
4
Inclusions:
fridge (4), stove (4), shed
Appliances:
Electric Stove, Refrigerator
Exterior Features:
Other
Patio/Porch Features:
Balcony(s)

Lot / Land Info

Zoning:
R-LD

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Wood Frame
Floors:
Carpet, Linoleum
Heating:
Forced Air
Cooling:
Central Air

Listing Info

Possession:
Immediate
Days on Market:
1
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Grassroots Realty Group Ltd.
1-833-477-6687

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