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Active
$409,000
662/664 1 Street SW
Medicine Hat
MLS® #A2329321
- 1,821 Sqft
- 6,350 square feet
- Built 1973
- Multi-family
- ✓ 4+ Parking Spaces
- ✓ Real Lot Size Listed
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. (id:66619)
Features
Interior
1,821 sqft
Lot
6,350 square feet
Parking
4 spaces
Heating
Forced air
Year Built
1973
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
Estimate Your Payment
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Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
Interested in this property?
Contact Kirsten Bernal for more information or to arrange a showing.
Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.
