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$416,000
Alberta,Medicine Hat
For Sale Active
524 3 Street SE, Medicine Hat, Alberta T1A0H3
  • 6,300 Sqft
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Basic Details
Description

Exceptional downtown mixed-use building offering a rare combination of stable income, future upside, and owner-occupier flexibility. Spanning approximately 6, 300 sq. ft., this property is well-positioned for investors seeking a turnkey asset with multiple revenue streams. The main floor consists of a 2, 400 sq. ft. retail space. The 1, 500 sq. ft. basement suite is fully separated and leased

to a tech service company, with a long-term agreement in place until April 30, 2029, providing dependable income. The second level offers 2, 400 sq. ft. and is configured into four residential suites. Two of the four units are available to rent to generate monthly rental income. The remaining two units are currently utilized as storage, presenting a value-add opportunity for buyers to upgrade to current code and significantly increase rental revenue. Additional highlights include three dedicated parking stalls at the rear of the property with alley access. Over the past five years, the building has seen important capital improvements including a rubber membrane roof, new wood deck, high-efficiency furnace and air conditioning unit, and HRV systems servicing both the main and basement levels. The upper residential suites are heated via a boiler system. This is a strong, income-producing asset with both immediate cash flow and clear potential for growth—ideal for investors or business owners looking to secure a strategic downtown location. (id:62650)

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Basic Details
  • Property Type: Other
  • Listing Type: For Sale
  • Listing ID: A2300129
  • Price: $416,000
  • Square Footage: 6,300 Sqft
  • Year Built: 1945
  • Status: Active
  • Office Name: ROYAL LEPAGE COMMUNITY REALTY
  • Property Sub Type: Other
  • Office Key: 49112
Address Map
  • Location: CA, Alberta, Medicine Hat, SE Hill, T1A0H3
  • Street: 3
  • Street Number: 524
  • Street Suffix: Street
  • Longitude: W111° 19' 21.9''
  • Latitude: N50° 2' 21.7''
  • Street Dir Suffix: Southeast
Additional Information
  • Lot Size Dimensions: 3250.00
Financial
  • Tax Annual Amount: 6226
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Listing updated: 2026-07-22 02:17:23
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Listing Information
  • List Agent Key: 1529565
  • List Office Key: 49112
  • Modification Timestamp: 2026-07-06T15:55:06Z
  • Originating System Name: Medicine Hat Real Estate Board Co-op
  • Status Change Timestamp: 2026-07-06T15:46:12Z
Powered by REALTOR.ca
Listing updated: 2026-07-22 02:17:23
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