Medicine Hat Real Estate Board

106 3 Street SE, Medicine Hat

$499,900

Property Description

This beautiful 1912 CHARACTER home offers a rare opportunity for investors or anyone dreaming of running a home-based business in a prime location—just steps from Medicine Hat’s downtown core. Enjoy a bird eye view of MH from the upper suite and its wrap-around balcony, beautiful views of the river valley and walkable access to great restaurants, cafés, and shops.
The property features three self-contained suites, each with a private entrance and approximately 1,000 sq. ft. of living space, with shared AC, furnace, and hot water tank.
SUITE #1 (Upper Floor): 1,100 sq. ft., 3 bedrooms, 1 bathroom, and a stunning wrap-around balcony. This suite also includes its own washer and dryer.
SUITE #2 (Main Floor): 2 bedrooms, 1 bathroom, recently renovated, currently rented for $1,200/month with lease ending June 1. Washer and dryer are shared with Suite #3.
SUITE #3 (Basement): 1 bedroom, 1 bathroom, rented for $800. The units had 0% vacancy and the tenant in Suite#3 has been there for the past 7 years.
ADDITIONAL HIGHLIGHTS: The property offers 7 parking spaces-two on east side and 5 at the back, making it ideal for clients or business traffic, and a single car garage in the back.
Loft space upstairs—perfect for a home office, art studio, or yoga retreat.
Utilities are included in the rent. Shingles are about 7 years old. HWT is 2015.

RECENT UPGRADES: main floor completely renovated, a new 200-amp electrical panel, full electrical system update, new insulation on the main floor, soundproofing in the main floor ceiling roughed-in and a laundry plumbing on the main level.
This is a unique and versatile property—perfect for investors, entrepreneurs, or anyone seeking a blend of character, location, and opportunity. Call your RALTOR for a private tour!

Triplex 8 Parking