Serving Medicine Hat Since 1955

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  • Main Office

  • 403 4th St. SE Medicine Hat

530 4 Street SE

Medicine Hat
home Current Listings MLS® A1116039

530 4 Street SE, Medicine Hat

$5,250,000

Property Description

Unique opportunity to own a piece of real estate within Medicine Hat's downtown core that offers diversity in the ability to entertain multiple avenues to create a revenue stream. Currently known and operating as the Medicine Hat Retirement Villa; this building is home to 42 units to house residents, along with some notable common areas including but not exclusive to: fireside lounges and large dining room, 2 outdoor patios, games room, parking, complimentary laundry facilities, and a library. The location offers a fabulous walk to nearby restaurants, shopping, coffee shops, and so many other great local shops and amenities with transportation stops and routes nearby. Currently running with experienced and qualified staff and able to accommodate assisted living levels 1 and 2. Services can be as robust as the inclusion for all meals and snacks, health care aids on site, medication assist, shower assist, AM/PM care, and weekly room cleaning and linen washing weekly. Entertainment previously enjoyed by residents have been things like movie and game nights, live music and dancing, exercise classes, birthday celebrations, and public speakers. Over the years the owners have gotten creative with the use of the kitchen and filling vacant rooms with separate areas for public use, airbnb and connecting with local companies who are needing to house employees temporarily. This building is in great shape and has been heavily invested in over the years from the inner workings to the common areas and suites. Anew owner could adjust the current use to accommodate different streams whether it be the potential for no care living with meals, a hotel arrangement, or kept as a home care facility. Get creative and build off of the current setup or create a business plan tailored to you and your passions. Owners are willing to provide a hands on approach to a take over, financial break outs for different arrangements and vendor take back financing options.

Mixed Use For Sale

Quick Summary

MLS® Number A1116039
Status Active
Price $5,250,000
Listing Agent BROOKLYN KALISTA
Year Built 1976
Building Area 21690 sqft
Garage No

Property Features

Inclusions

  • Inclusions list attached as a supplement

Contact Agent

BROOKLYN KALISTA

Phone:
Email:
Office:

403-977-8886

brooklynkalista@gmail.com

ROYAL LEPAGE COMMUNITY REALTY

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