Property Information:

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. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 1157 sqft
Flooring Type: Carpeted, Laminate, Linoleum
Foundation Type: Poured Concrete
Total Finished Area: 1157 sqft
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3+2
Bathrooms: 3
Amenities Nearby: Schools, Shopping
Built in: 1947
Features: No Smoking Home
Fence Type: Fence
Floor Space (approx): 1157 Square Feet
Irregular: Yes
Lot Depth: 39.62 Metre
Lot Frontage: 22.86 Metre
Lot Size: 9750.00 Square Feet
Structure Type: Deck
Zoning: R-MD
Parking Type: Other
No. of Parking Spaces: 3

Rooms:

Family Basement Level 21.50 Ft x 20.58 Ft
Laundry Basement Level 7.83 Ft x 15.08 Ft
Bedroom Basement Level 11.25 Ft x 13.25 Ft
Bathroom Basement Level .00 Ft x .00 Ft
Storage Basement Level 6.00 Ft x 13.92 Ft
Living Main Level 13.50 Ft x 25.25 Ft
Kitchen Main Level 9.00 Ft x 12.17 Ft
Dining Main Level 9.00 Ft x 7.92 Ft
Primary Bedroom Main Level 10.08 Ft x 14.58 Ft
Bathroom Main Level .00 Ft x .00 Ft
Bedroom Main Level 10.08 Ft x 14.50 Ft
Bedroom Main Level 8.58 Ft x 14.50 Ft
Other 14.42 Ft x 9.92 Ft
Bedroom 6.92 Ft x 11.58 Ft
Bathroom Measurements not available
Living 8.67 Ft x 12.83 Ft

Courtesy of: RIVER STREET REAL ESTATE

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Demographic Information of 201 5 Street SE, Medicine Hat, Alberta, T1A 0M5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,830.48

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.13 %

High school certificate or equivalent

33.14 %

Apprenticeship trade certificate/diploma

9.76 %

College/non-university certificate

19.93 %

University certificate (below bachelor)

2.03 %

University Degree

17.0 %

Commuter

Travel To Work

By Car

86.93 %

By Public Transit

0.5 %

By Walking

9.84 %

By Bicycle

0.01 %

By Other Methods

2.72 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.3 %

Houses

61.7 %

201 5 Street SE, Medicine Hat, Alberta, T1A 0M5