223 5 Street NW, Medicine Hat

2026-04-22
 

Quick Summary

Location
223 5 Street NW, Medicine Hat, Alberta T1A7X9
Price
$650,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
1920 sqft
Garages:
4
Year of Construction:
1976

MLS®#A2304150

Property Description

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. (id:32467)

Property Features

Building

  • Appliances: Refrigerator, Stove
  • Architectural Style: Bi-level
  • Cooling Type: Central air conditioning
  • Fireplace: Yes
  • Flooring Type: Carpeted, Linoleum
  • Interior Size: 1920 sqft
  • Building Type: Multi-Family
  • Stories: 1

Features

  • Feature: See remarks

Land

  • Land Size: Unknown

Ownership

  • Type: Freehold

Zoning

  • Description: N-R3

Information entered by RE/MAX MEDALTA REAL ESTATE
Listing information last updated on: 2026-07-02 03:46:02


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How much could you save in commission selling with One Percent Realty?

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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.

One Percent Realty's top FAQs

Q
What is the deal exactly, with One Percent Realty?

At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.

Q
What do you charge?

For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.

Q
Are your listings on MLS® and realtor.ca?

Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.


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