223 5 Street Nw, Medicine Hat, Alberta T1A 7X9

Listed for:
$650,000
0 beds
0 baths
Listed 40 days ago
Multi-Family for rent: 223 5 Street Nw, Medicine Hat, Alberta T1A 7X9

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About

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. (id:27476)

Property Highlights

MLS® Number
A2304150
Type
Multi-family
Community Name
Riverside
Ownership Type
Freehold
Land Size
Unknown
Parking Space Total
4

Building

Building Type
Multi-Family
Storeys
1.00
Square Footage
1920 sqft
Fireplace Present
Yes
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Building Cooling Type
Central air conditioning

Location

Learn more about this property
Listing provided by:
RE/MAX MEDALTA REAL ESTATE
MLS® number:
A2304150
Agent:
Shauneen Vanderham
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