Medicine Hat Real Estate Board

201 5 Street SE, Medicine Hat

$369,900

Property Description

A rare investment opportunity delivering an excellent return with a cap rate just over 8%. This versatile property features two separate homes on a generous 75 x 130 lot, each individually fenced and offering off-street parking.
The main residence is a brick home offering 1,157 sq ft of living space with 4 bedrooms and 2 bathrooms. The fully self-contained secondary bachelor suite adds charm with a cozy cottage feel and includes its own kitchen, 4-piece bath, and convenient stacking laundry.
Zoned for medium density, this property offers strong future potential while generating immediate income with long-term tenants already in place. Ideally located within walking distance to schools, downtown restaurants and shopping, walking paths, and parks—an unbeatable combination of location, income, and upside.

1157 sqft 5 3

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Quick Summary

MLS® Number	A2285332
Status	Active
Price	$369,900
Listing Agent	PATRICE MORRISON

Year Built	1947
Living Area	1157 sqft
Bedrooms	5
Bathrooms	3
Garage	No

Property Features

Inclusions

2 fridges
2 stoves
dishwasher
central air
washer
dryer
stacking washer/dryer

Interior Features

No Smoking Home

Parking Features

Driveway
Off Street

Room Sizes

Main

Living Room	13`6" x 25`3"
Kitchen	9`0" x 12`2"
Dining Room	9`0" x 7`11"
Bedroom - Primary	10`1" x 14`7"
4pc Bathroom	0`0" x 0`0"
Bedroom	10`1" x 14`6"
Bedroom	8`7" x 14`6"