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

MLS® # A2304150

$599,900

Property Size 1920
Year Built 1976
Garages 4

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. (id:53676)

PROPERTY FEATURES

  • MLS® Number A2304150
  • Price $599,900
  • Square Footage: 1920 sqft
  • Property Type: Multi-Family
  • Community Name: Riverside
  • Features See Remarks
  • Parking Space Total 4
  • Plan 7510409

Buildings

Appliances Refrigerator, Stove Architectural Style Bi-level
Constructed Date 1976 Construction Material Wood Frame
Cooling Type Central Air Conditioning Fireplace Present Yes
Fireplace Total 4 Flooring Type Carpeted, Linoleum
Heating Type Forced Air Stories Total 1
Size Interior 1920 Sqft Total Finished Area 1920 Sqft
Type Multi-family

Parking

Other

Land

Acreage No Size Total Text Unknown
Zoning Description N-r3

BROKERAGE

  • Office: RE/MAX Medalta Real Estate

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