26
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$507,000
$524,900 3.4%
Est. payment /mo
2,442 SqFt
Sold on 04/18/2025
324 3 AVE SE Medicine Hat, AB T1A 5N8
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Key Details
Sold Price $507,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,442 sqft
Price per Sqft $207
Subdivision Se Hill
MLS® Listing ID A2207237
Sold Date 04/18/25
Originating Board Medicine Hat
Year Built 1973
Annual Tax Amount $4,583
Tax Year 2024
Property Sub-Type 4 plex
Property Description
Ideal Investment Opportunity – 4-Plex on the SE Hill! This solid brick 4-plex is an exceptional investment opportunity located in the highly desirable SE Hill area. Featuring four spacious 2-bedroom, 1-bath units, this property offers an excellent combination of potential rental income and long-term value. Each unit is bright and well-maintained, with several updates that make this an attractive choice for tenants. Approximately 90% of the windows have been replaced with newer PVC, ensuring improved energy efficiency and natural light throughout. Some units feature newer vinyl flooring, fresh paint, upgraded carpets, modern countertops, and stylish tiled showers. These thoughtful updates create a comfortable living environment that will appeal to a wide range of tenants. The building itself is a solid brick structure with a roof that's about 7-8 years old, and the water heater was replaced in 2019. Each unit is equipped with a 60-amp electrical service, and tenants enjoy easy access to public transit, shopping, schools, and downtown—making this location highly attractive for renters. With its strong location, recent upgrades, and potential for steady rental income, this 4-plex is a prime addition to any investment portfolio. Whether you're an experienced investor or just getting started, this property offers both short-term income and long-term appreciation potential.
Location
Province AB
County Medicine Hat
Zoning R-MD
Interior
Heating Boiler
Cooling Wall/Window Unit(s)
Exterior
Parking Features Off Street
Garage Description Off Street
Total Parking Spaces 4
Others
Restrictions None Known
Tax ID 91471779
Ownership Private
Listed by RIVER STREET REAL ESTATE