245 2 ST NE Medicine Hat, AB T1A 5L5

An INVESTOR'S DREAM! Turnkey, fully furnished with LEGAL BASEMENT SUITE and Insulated single car garage. Formerly run as an Airbnb, now with two longer term tenants in place. This investment property is in an IDEAL LOCATION. Walking distance to downtown and nearby Starbucks. The LOT size is HUGE at 15,000 Sq ft. With Medium Density zoning there could be opportunity to build more units on the land. Main Floor Rents for $1600/month and basement suite for $1400. Garage is currently used for the owners purposes, but could be rented separately. New roof and Hot Water tank in 2023. Has low maintenance exterior and cool window awnings.
This home is charming, inside and out. Main Floor had updates and renovations in 2019. It has a comfortable 2 bedroom layout, both bedrooms are a good size, full bath with cool retro vanity area. The Living room is spacious with beautiful hardwood floors, the kitchen has vinyl flooring and tile countertops. The Lower 1- bedroom suite was fully renovated in 2020, including new vinyl windows. Has 3 pc bathroom with walk-in shower, a large living room/dining space and the cutest kitchen area with iron pipe shelving.
Both units share the laundry room and there is an extra storage room for maintenance or tenant purposes. This property produces great income, grossing $38,400 in 2023 and It still has so much more potential with a 15,000 sq ft lot! Has a long concrete driveway, additional space for RV Parking and so much more! Selling with Furnishings in place.
Reach out for more information on this magnificent opportunity and to book your showing with a local real estate agent. (Interior photos taken are from prior to tenants moving in.)