Excellent investment opportunity with this well-maintained fourplex offering strong income potential and long-term stability. Three of the four units are currently occupied by reliable long-term tenants, providing immediate cash flow, while the vacant unit has been recently refreshed with fresh paint and newer main floor flooring—ideal for owner occupancy or to maximize rental income at current market rates. Each unit features a functional and consistent layout, with the main floor offering a spacious kitchen, dining area, and bright living room complete with a cozy fireplace, along with a convenient 2-piece bathroom. The lower level includes two comfortable bedrooms, a full 4-piece bathroom, laundry area, and mechanical room, creating practical and desirable living spaces for tenants. The property has seen important updates over time, including new shingles in 2025 and mid efficiency furnaces and 2 hot water tanks (2020 & 2025). All units are equipped with central air conditioning, adding to tenant comfort and overall appeal.
Address
223 5 Street NW
List Price
$599,900
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Bi-Level
Transaction Type
Sale
Area
Medicine Hat
Sub-Area
Riverside
Floor Area
1,920 Sq. Ft.
Year Built
1976
MLS® Number
A2304150
Listing Brokerage
RE/MAX MEDALTA REAL ESTATE
Postal Code
T1A 7X9
Zoning
N-R3
