201 5 Street Se, Medicine Hat

$369,900

5 Beds
3 Baths
1,157 Sqft
.22 Acres
0 Garages

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.

Essential Information
MLS® #A2285332
Price$369,900
Bedrooms5
Bathrooms3.00
Full Baths3
Square Footage1,157
Acres0.22
Year Built1947
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address201 5 Street Se
SubdivisionSE Hill
CityMedicine Hat
CountyMedicine Hat
ProvinceAlberta
Postal CodeT1A 0M5
Amenities
Parking Spaces3
ParkingDriveway, Off Street
Interior
Interior FeaturesNo Smoking Home
HeatingForced Air
CoolingCentral Air
Has BasementYes
BasementFull
Appliances

Central Air Conditioner, Dishwasher, Dryer, Refrigerator, Stove(s), Washer

Exterior
Exterior FeaturesPrivate Yard
Lot DescriptionBack Yard
RoofAsphalt Shingle
ConstructionBrick
FoundationPoured Concrete
Additional Information
ZoningR-MD
Listing Details
OfficeRIVER STREET REAL ESTATE
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