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222 South Railway Street SE, Medicine Hat, AB, T1A 2V3

MLS® # A2177991
new listing
Commercial For Sale In South East Hills, Medicine Hat, Alberta
$699,900
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
222 South Railway Street Se, Medicine Hat, AB
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ACTIVE
222 South Railway Street SE, Medicine Hat, AB, T1A 2V3
$699,900

Property Information:

This fully leased, mixed-use property in historic downtown Medicine Hat presents an exceptional investment opportunity with a 10% cap rate and immediate positive cash flow. The main floor features seven versatile offices, two large boardrooms or training rooms, two bathrooms, and a staff kitchen with a break area, all designed for maximum functionality. Accessibility is a key benefit, as the main floor is wheelchair-friendly, ensuring that the space can accommodate a wide range of businesses and clients.The second floor offers a variety of residential options, including a spacious two-bedroom suite, a cozy one-bedroom suite, and two bachelor suites. Each residential unit is equipped with its own independent heating and cooling system, providing year-round comfort for tenants. A shared, coin-operated laundry room adds to the convenience for residents. The property also includes a full basement, which is perfect for additional storage or could be further developed to increase the building's value.The modernized exterior of the property maintains its historic brick character, offering an appealing facade that complements the vibrant downtown setting. With its prime location, this property is ideal for someone looking to live upstairs while operating a business on the main floor. It offers a unique opportunity to be part of the thriving downtown community of Medicine Hat, making it an excellent addition to any investment portfolio. Don’t miss out on this turnkey opportunity to secure a property with immediate cash flow and long-term potential.

Inclusions: All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.

Property Features:

  • Built in: 1910
  • Floor Space (approx): 6392.00 Square Feet
  • Zoning: MU-D

Courtesy of: SOURCE 1 REALTY CORP.

Data provided by: Medicine Hat Real Estate Board Co-operative Ltd. 403 4th St. SE, Medicine Hat, Alberta T1A 0K5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 222 South Railway Street SE, Medicine Hat, AB, T1A 2V3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Low

11 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 222 South Railway Street SE, experiences 7 hot days per year at around 33.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 37.6 degrees Celsius.

Projected Avg. Temperature

Past
33.5℃
2050
37.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Low

11 storms expected in 2050

13/100

Low

ClimateCheck®

Current data

This property, 222 South Railway Street SE, experiences 10 significant 2-day storms per year, with about 152.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 172.9mm of precipitation per year.

Precipitation Per Storm

Past
152.1mm
2050
172.9mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 222 South Railway Street SE, Medicine Hat, AB, T1A 2V3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,452.22

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.49 %

High school certificate or equivalent

35.94 %

Apprenticeship trade certificate/diploma

9.96 %

College/non-university certificate

17.13 %

University certificate (below bachelor)

0.17 %

University Degree

11.32 %

Commuter

Travel To Work

By Car

82.92 %

By Public Transit

3.38 %

By Walking

7.02 %

By Bicycle

0.44 %

By Other Methods

6.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.46 %

Houses

62.54 %

Own Vs. Rent

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