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Property 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.

Features
Heating System:
Forced Air
Cooling System:
Central Air
Fireplace:
Wood Burning
Patio:
Balcony(s)
Parking:
Off Street
Appliances:
Refrigerator, Electric Stove
Exterior Features:
Other
Interior Features:
See Remarks
Address Map
State:
Alberta
County:
Medicine Hat
City:
Medicine Hat
Zipcode:
T1A 7X9
Street:
5
Street Number:
223
Street Suffix:
Street
Floor Number:
0
Longitude:
W111° 18' 26''
Latitude:
N50° 2' 47.3''
Subdivision Name:
Riverside
Unparsed Address:
223 5 Street NW
Direction Faces:
E
MLS Addon
List Office Mls Id:
MHREMAX

Multi-family For Sale 223 5 Street, Medicine Hat, Alberta T1A 7X9

223 5 Street, Medicine Hat, Alberta T1A 7X9

0 Bedrooms
0 Bathrooms
1,920 Sqft
Visits : 1 in 69 days
$650,000
Listing ID #A2304150
Basic Details
Property Type :
Multi-family
Property Sub Type:
4 Plex
Listing Type :
For Sale
Listing ID :
A2304150
Price :
$650,000
Bedrooms :
0
Bathrooms :
0
Half Bathrooms :
0
Square Footage :
1,920 Sqft
Year Built :
1976
Lot Area :
0 Acre
Status :
Active
Days On Market :
80
Agent info
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