Step into a rare opportunity with this urban gem—an iconic brick building blending old-world charm with modern upgrades, nestled in Medicine Hat’s vibrant North Railway District. Eligible for downtown incentives, this property is a standout for entrepreneurs and investors seeking both character and versatility.
The main building’s classic brick façade is beautifully preserved, while extensive renovations deliver peace of mind and contemporary comfort. Most windows and doors have been updated, the chimney has been expertly rebuilt, and the furnaces and A/C systems are new or upgraded for year-round efficiency. Additional enhancements include updated flashing, eaves, security lighting, electrical and lighting upgrades, a modernized washroom in unit 1, drop ceiling update, paint in many spaces, a new security system, and a durable membrane roof.
Flexible Potential:
Mercantile-ready: The main space is ideal for retail, boutique, or creative ventures.
Revenue Generation: Two separate, self-contained units offer excellent rental income potential.
This property is a match for visionaries looking to invest in a prime location with growth on the horizon. Whether you’re expanding your business, launching a new venture, or seeking a live/work lifestyle, this urban masterpiece delivers flexibility, income, and a piece of local history.
Don’t miss your chance to own a cornerstone in Medicine Hat’s most exciting district! Contact your real estate agent to discover what needs to be done to customize this property to meet your needs!
Essential information
MLS® number
A2322943
Status
Active
Price
$300,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
Call Lister
Building area
3,655 sq ft
Lot size
2,946 sq ft
Year built
1947
Structure
Mixed Use
Listing brokerage
GRASSROOTS REALTY GROUP
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Included
Stove, washer, dryer
Exterior and construction
Roof
Rubber
Lot features
Corner Lot
Frontage
8.53M 28`0"
Zoning
MU-D
Community
Subdivision
RVFL
City
Medicine Hat
Province
AB
Postal code
T1A 2Z1
Where it is
Loading map…
Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
Cap rate—
Cash on cash—
Net operating income
—
Mortgage payment monthly
—
Annual debt service
—
Cash flow monthly, before tax
—
Cash in the deal
—
Loan amount
—
Debt service coverage—
—
An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
Tell me when another one comes up
Leave your details and Satyam will let you know as soon as a new listing in commercial property in Medicine Hat reaches the market — often before it is advertised anywhere else.
✓
You are on the list.
You will hear the moment a new listing in commercial property comes up.
3 photos$350,000601 2 Street SE, Medicine Hat
