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Descriptions:
A rare investment opportunity delivering an excellent return with a cap rate just over 8%. This versatile property features two separate homes on a generous 75 x 130 lot, each individually fenced and offering off-street parking.
The main residence is a brick home offering 1,157 sq ft of living space with 4 bedrooms and 2 bathrooms. The fully self-contained secondary bachelor suite adds charm with a cozy cottage feel and includes its own kitchen, 4-piece bath, and convenient stacking laundry.
Zoned for medium density, this property offers strong future potential while generating immediate income with long-term tenants already in place. Ideally located within walking distance to schools, downtown restaurants and shopping, walking paths, and parks—an unbeatable combination of location, income, and upside.
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| Status: |
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Active
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| Features: |
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Private Yard, No Smoking Home, Back Yard |
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| Includes: |
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2 fridges, 2 stoves, dishwasher, central air, washer, dryer, stacking washer/dryer |
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| Site Influences: |
| Back Yard |
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| Location & Listing Info: |
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| Nearest Town: |
Medicine Hat |
| Lot Size: |
9,750.00
sq.ft.
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| Property Info: |
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| Property Type: |
Detached |
| Home Style: |
Bungalow |
| Year Built: |
1947 |
| Total Floor Area: |
1,157 sq. ft. |
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| Exterior: |
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| Exterior: |
Brick |
| Roof: |
Asphalt Shingle |
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| Rooms: |
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| Total Bedrooms: |
5
(Bedrooms Above: 0)
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| Bathrooms: |
Full: 3
/ Half: 0
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| Additional Info: |
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| Basement: |
Poured Concrete |
| Floor Finish: |
Carpet, Laminate, Linoleum |
| Parking: |
Driveway, Off Street |
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Contact Gordon Paulson -
1202 Southview Dr. SE, Medicine Hat, Alberta, T1B 4B6
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Medicine Hat Real Estate Board.
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