447 Allowance Avenue Se, Medicine Hat
$499,900 - 1,435 Sf
MLS® # A2300348
RIVER STREET REAL ESTATE
223 5 Street Nw, Medicine Hat
$650,000
0 Beds
0 Baths
1,920 Sqft
0 Acres
0 Garages
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.
Essential Information
MLS® #A2304150
Price$650,000
Square Footage1,920
Year Built1976
TypeMulti-Family
Sub-Type4 plex
StyleBi-Level
StatusActive
Community Information
Address223 5 Street Nw
SubdivisionRiverside
CityMedicine Hat
CountyMedicine Hat
ProvinceAlberta
Postal CodeT1A 7X9
Amenities
Parking Spaces4
ParkingOff Street
Interior
Interior FeaturesSee Remarks
AppliancesElectric Stove, Refrigerator
HeatingForced Air
CoolingCentral Air
FireplaceYes
# of Fireplaces4
FireplacesWood Burning
Exterior
Exterior FeaturesOther
RoofAsphalt Shingle
ConstructionWood Frame
Additional Information
ZoningR-LD
Listing Details
OfficeRE/MAX MEDALTA REAL ESTATE
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