For sale

Free account required

Unlock the full potential of your property search with a free account! Here's what you'll gain immediate access to:

  • Exclusive Access to Every Listing
  • Personalized Search Experience
  • Favorite Properties at Your Fingertips
  • Stay Ahead with Email Alerts
Create a free Account
Property at 222 South Railway Street SE image 1
Property at 222 South Railway Street SE image 2
Property at 222 South Railway Street SE image 3
Property at 222 South Railway Street SE image 4
Property at 222 South Railway Street SE image 5
50

$699,900

222 South Railway Street SE
Medicine Hat, Alberta, Alberta, T1A2V3

MLS® Number: A2177991
Listed 81 days ago

Property description

This fully leased, mixed-use property in historic downtown Medicine Hat presents an exceptional investment opportunity with a 10% cap rate and immediate positive cash flow. The main floor features nine versatile offices, two large boardrooms or training rooms, two bathrooms, and a staff kitchen with a break area, all designed for maximum functionality. Accessibility is a key benefit, as the main floor is wheelchair-friendly, ensuring that the space can accommodate a wide range of businesses and clients.The second floor offers a variety of residential options, including a spacious two-bedroom suite, a cozy one-bedroom suite, and two bachelor suites. Each residential unit is equipped with its own independent heating and cooling system, providing year-round comfort for tenants. A shared, coin-operated laundry room adds to the convenience for residents. The property also includes a full basement, which is perfect for additional storage or could be further developed to increase the building's value.The modernized exterior of the property maintains its historic brick character, offering an appealing facade that complements the vibrant downtown setting. With its prime location, this property is ideal for someone looking to live upstairs while operating a business on the main floor. It offers a unique opportunity to be part of the thriving downtown community of Medicine Hat, making it an excellent addition to any investment portfolio. Don’t miss out on this turnkey opportunity to secure a property with immediate cash flow and long-term potential.

Building information

Type

*****

Constructed Date

*****

Size Exterior

*****

Size Interior

*****

Total Finished Area

*****

Land information

Size Depth

*****

Size Frontage

*****

Size Total

*****

Courtesy of SOURCE 1 REALTY CORP.

Book a Showing for this property

ASAP
Sun

16

Feb
Mon

17

Feb
Tue

18

Feb
Wed

19

Feb
Thu

20

Feb
Fri

21

Feb
Sat

22

Feb
Sun

23

Feb
Mon

24

Feb
Tue

25

Feb
Wed

26

Feb
Thu

27

Feb
Fri

28

Feb
Sat

1

Mar
Sun

2

Mar
Mon

3

Mar
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.