Welcome to 804 8 Street SE, Medicine Hat, a beautifully renovated character home and Legal Triplex generating $40,000 in annual income . This exceptional property offers an excellent opportunity for investors, multi-generational families, or homeowners looking to offset their mortgage with rental income.
This unique property features three separate suites. The two basement suites are currently rented for a combined $1,900 per month, while the spacious main-floor suite is rented for $2,100 per month, providing a combined monthly rental income of $4,000.00.
Situated on a large lot, the property offers a fully fenced and private backyard surrounded by mature trees, along with a spacious storage shed and plenty of off-street parking. Three assigned parking stalls with plug-ins are provided for the basement suites, while an additional three off-street parking spaces serve the main-floor suite. Outdoor living is another highlight, with a large, recently upgraded shaded deck as well as a separate private deck off the main-floor entrance..
Inside, the expansive main level is bright, welcoming, and full of character. The kitchen and dining area have been updated with newer flooring and paint, renovated countertops, and stainless steel appliances. The adjoining living room provides plenty of space to relax or entertain, while two generously sized bedrooms and a full bathroom complete the main floor.. A conveniently located stacked washer and dryer can be found on the way to the upper level. .
Upstairs offers even more living space with a large bedroom, second full bathroom, charming nooks, and additional storage, creating a cozy and functional retreat..
The lower level is accessed through a separate entrance and contains two self-contained suites. Each suite has its own utilities, with both sharing access to a common laundry area.
With its combination of character, thoughtful renovations, generous outdoor space, ample parking, and **over $40,000 in annual rental income after property taxes and insurance**, 804 8 Street SE offers exceptional versatility as a revenue property,
**Call your REALTOR® today to arrange your private viewing of this impressive income producing property!**
Essential information
MLS® number
A2353806
Status
Active
Price
$499,900
Property type
Multi-Family
Type
Triplex
Transaction
For Sale
Restrictions
None Known
Living area
1,772 sq ft
Year built
1914
Structure
Triplex
Style
1 and Half Storey
Levels
One and One Half
Listing brokerage
Real Estate Centre
Source
Pillar 9™ MLS® System
Interior
Heating
Central, Natural Gas
Cooling
Central Air
Appliances
Central Air Conditioner
Features
Ceiling Fan(s), High Ceilings, Kitchen Island, Laminate Counters, Open Floorplan, Separate Entrance, Vinyl Windows
Additional Parking, Assigned, Off Street, Parking Lot, Parking Pad, Plug-In
Community
Subdivision
RVFL
City
Medicine Hat
Province
AB
Postal code
T1A1M8
Where it is
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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.
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47 photos$599,9005215 52 Street, Valleyview
