Excellent investment opportunity in the heart of Medicine Hat’s Harlow neighbourhood! This well-maintained side-by-side duplex offers immediate revenue with long-term tenants already in place, making it an ideal addition to any investment portfolio. With separate utilities paid by the tenants and a current gross rental income of $2,200 per month, this is a fantastic opportunity for both seasoned investors and those looking to enter the rental market. It also offers excellent flexibility for buyers wanting to live in one unit while generating income from the other.
Situated on a generous 50’ x 127’ lot, the property features two well-designed units. Unit 644 offers a spacious 2+2 bedroom layout with 2 full bathrooms, while Unit 662 features 2+1 bedrooms and 1 full bathroom. A new furnace was installed in Unit 662 in 2024, and the property also benefits from updated shingles completed in 2019 providing added peace of mind for years to come.
The detached garage (measurments are 12.4ft x 26.3ft) offers valuable storage space or the potential to generate additional rental income. Conveniently located in the established Harlow neighbourhood, close to schools, parks, shopping, and everyday amenities, this property is well-positioned for long-term investment success.
Whether you’re looking to expand your investment portfolio or searching for the perfect live-up/rent-down opportunity, this duplex offers an excellent combination of cash flow, flexibility, and future potential.
Address
662/664 1 Street SW
List Price
$439,000
Property Type
Multi-Family
Type of Dwelling
Full Duplex
Style of Home
Attached-Side by Side
Transaction Type
Sale
Area
Medicine Hat
Sub-Area
Other
Floor Area
1,821 Sq. Ft.
Lot Size
6350 Sq. Ft.
Year Built
1973
MLS® Number
A2329321
Listing Brokerage
RE/MAX MEDALTA REAL ESTATE
Postal Code
T1A 3Z4
Zoning
R-LD
