324 3 Avenue SE Medicine Hat, AB T1A 5N8

$507,000
2,442
SQFT
208
$/SQFT
$507,000
2,442   sf
$208 / sf
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sold - 04/18/2025
1/26
Street View

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.

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.

  • Neighborhood
  • Type
  • County
    Medicine Hat
  • Status
    Sold
  • Listing #
    A2207237
  • Built
    1973
  • Listed on site
    33 days
  • Listing Agent Id
    MHMORRIPA
  • Co Listing Agent Id
    MHJOHNSJA
  • Sold Price
    507000.00
  • Listing Brokerage
    RIVER STREET REAL ESTATE

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2025-05-01 07:45:33
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool
  • Parking Off-Street

Interior Features

  • No Basement

Property History

DateDays AgoEventNew Price
Apr 18, 202522 days agoPrice decreased17,900 (3%)$507,000
Apr 6, 20251 mo agoNew on market$524,900
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