Property Information:

Turn-Key Four-Plex with Strong Income PotentialThis well-cared-for four-plex offers a smart opportunity for investors looking to add a stable, income-producing property to their portfolio. Designed with efficiency and tenant comfort in mind, each unit features a functional bilevel layout that maximizes space and livability.The main level in every unit includes a bright, spacious living room with direct access to a private deck, along with enclosed storage conveniently located below. A generous dining area connects seamlessly to the practical kitchen, complete with ample cabinetry and a corner pantry—well suited for daily use. The primary bedroom is also located on the main floor and offers the added benefit of a walk-in closet and a private 3-piece ensuite.Downstairs, each unit is fully developed with two additional bedrooms, a full 4-piece bathroom, dedicated laundry area, and plenty of storage space. With mirrored layouts across all four units, private outdoor areas, and consistent design throughout, this property delivers excellent rental appeal and ease of management.A well-maintained, low-maintenance four-plex offering immediate income and long-term value—an ideal addition to any investment strategy. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Basement Development: Finished
Basement Type: Full
Exterior Finish: Stone, Vinyl siding
Floor Space: 2858 sqft
Foundation Type: Poured Concrete
Total Finished Area: 2858 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Built in: 2019
Features: See remarks
Floor Space (approx): 2858 Square Feet
Zoning: R-MD
Parking Type: Other
No. of Parking Spaces: 4

Courtesy of: RE/MAX MEDALTA REAL ESTATE

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Demographic Information of 623 Industrial Avenue SE, Medicine Hat, Alberta, T1A 3L4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$73,548.32

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.02 %

High school certificate or equivalent

38.89 %

Apprenticeship trade certificate/diploma

10.29 %

College/non-university certificate

19.75 %

University Degree

6.04 %

Commuter

Travel To Work

By Car

93.31 %

By Public Transit

0.17 %

By Walking

0.88 %

By Bicycle

0.12 %

By Other Methods

5.52 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.68 %

Houses

92.32 %

623 Industrial Avenue SE, Medicine Hat, Alberta, T1A 3L4