201 5 Street SE
Medicine Hat T1A 0M5
MLS® Number: A2285332
$ 369,900
5
BEDROOMS
3 + 0
BATHROOMS
1,157
SQUARE FEET
1947
YEAR BUILT
A rare investment opportunity delivering an excellent return with a cap rate just over 8%. This versatile property features two separate homes on a generous 75 x 130 lot, each individually fenced and offering off-street parking. The main residence is a brick home offering 1,157 sq ft of living space with 4 bedrooms and 2 bathrooms. The fully self-contained secondary bachelor suite adds charm with a cozy cottage feel and includes its own kitchen, 4-piece bath, and convenient stacking laundry. Zoned for medium density, this property offers strong future potential while generating immediate income with long-term tenants already in place. Ideally located within walking distance to schools, downtown restaurants and shopping, walking paths, and parks—an unbeatable combination of location, income, and upside.
| COMMUNITY | SE Hill |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1947 |
| SQUARE FOOTAGE | 1,157 |
| BEDROOMS | 5 |
| BATHROOMS | 3.00 |
| BASEMENT | Full |
| AMENITIES | |
| APPLIANCES | Central Air Conditioner, Dishwasher, Dryer, Refrigerator, Stove(s), Washer |
| COOLING | Central Air |
| FIREPLACE | N/A |
| FLOORING | Carpet, Laminate, Linoleum |
| HEATING | Forced Air |
| LAUNDRY | In Basement |
| LOT FEATURES | Back Yard |
| PARKING | Driveway, Off Street |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle |
| TITLE | Fee Simple |
| BROKER | RIVER STREET REAL ESTATE |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Family Room | 21`6" x 20`7" | Basement |
| Laundry | 7`10" x 15`1" | Basement |
| Bedroom | 11`3" x 13`3" | Basement |
| 3pc Bathroom | 0`0" x 0`0" | Basement |
| Storage | 6`0" x 13`11" | Basement |
| Living Room | 13`6" x 25`3" | Main |
| Kitchen | 9`0" x 12`2" | Main |
| Dining Room | 9`0" x 7`11" | Main |
| Bedroom - Primary | 10`1" x 14`7" | Main |
| 4pc Bathroom | 0`0" x 0`0" | Main |
| Bedroom | 10`1" x 14`6" | Main |
| Bedroom | 8`7" x 14`6" | Main |
| Kitchen With Eating Area | 14`5" x 9`11" | Suite |
| Bedroom | 6`11" x 11`7" | Suite |
| 4pc Bathroom | Suite | |
| Living Room | 8`8" x 12`10" | Suite |
