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$624,900

502 3 Avenue SE, Medicine Hat, AB, T1A 2L9

MLS® # A2318200

Medicine Hat AB, T1A 2L9

MLS® # A2318200

Property Information:

Welcome to 502 3 Avenue SE, a well-maintained fourplex revenue property located on the desirable SE Hill, centrally situated and within easy reach of shopping, schools, parks, and other everyday amenities.This investment property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All units have been painted within the last two years, with three of the four suites offering durable tile and laminate flooring, while the fourth features a combination of carpet and tile. Tenants will also appreciate the convenience of shared coin-operated laundry on site. The coin laundry is supplied by BK Coin Supplies.Outside, the property offers ample parking with powered stalls for all four units, as well as a storage shed ideal for maintenance equipment and additional storage needs. The well-maintained exterior and functional layout make this property an attractive and low-maintenance investment opportunity.Whether you're looking to expand an existing rental portfolio or make your first investment in the rental market, this property offers excellent potential and steady income opportunities.

Inclusions: 4 Refrigerator, Stoves , 4 Ac wall units

Building Features:

  • Total Finished Area: 1883.00

Property Features:

  • Built in: 1969
  • Floor Space (approx): 1883.00 Square Feet
  • Roof: Asphalt Shingle
  • Zoning: R-MD
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX MEDALTA REAL ESTATE

Data provided by: Medicine Hat Real Estate Board Co-operative Ltd. 403 4th St. SE, Medicine Hat, Alberta T1A 0K5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 502 3 Avenue SE, Medicine Hat, AB, T1A 2L9

Demographic Information of 502 3 Avenue SE, Medicine Hat, AB, T1A 2L9

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 %

Own Vs. Rent