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546/548 2 Street SE, Medicine Hat, AB, T1A 0C6

MLS® # A2174689
Commercial For Sale In South East Hills, Medicine Hat, Alberta
$249,900
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
546/548 2 Street Se, Medicine Hat, AB
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546/548 2 Street SE, Medicine Hat, AB, T1A 0C6
$249,900

Property Information:

Prime Commercial Building in the heart of Downtown! This charming brick building presents an exceptional investment opportunity. With its inviting façade and strategic position, the property guarantees high foot traffic and visibility, making it an ideal location for a diverse range of businesses. The building features four distinct rental spaces, of which two are currently leased, providing immediate income. The remaining two units (street view/side) are available, allowing prospective business owners or investors to craft their vision. Additionally, the property is equipped with common areas & 2 conveniently located common bathrooms, ensuring comfort and accessibility for both tenants and visitors. The property has seen several significant updates that enhance its value and functionality over the years. A new membrane roof, fascia, front doors, and upper front windows were installed between 2014 and 2015. In 2020, lights were upgrade to LED, plus upper floor received a new furnace and air conditioning unit in 2018. Most recently, in 2024, a new rear door and air conditioning unit for the front suite were added, showcasing a commitment to upkeep and tenant satisfaction. Its prime downtown location places it within walking distance of a plethora of local shops, restaurants, and transportation options, making it an attractive destination for both tenants and customers alike. Don’t miss your chance to make your mark in the historic downtown. Current Rental Revenue = Tenant 1 - $950/Month & Tenant 2 - $605/Month = Total of $1555/Month. Call today for more information or to schedule a viewing, and take the first step toward securing this opportunity.

Inclusions: Air Conditioning- Cental X 3

Property Features:

  • Built in: 1953
  • Cooling: Central Air
  • Floor Space (approx): 2875.00 Square Feet
  • Roof: Membrane
  • Zoning: MU-D

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

Location of 546/548 2 Street SE, Medicine Hat, AB, T1A 0C6

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, 546/548 2 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, 546/548 2 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.

Demographic Information of 546/548 2 Street SE, Medicine Hat, AB, T1A 0C6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$96,122.58

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.15 %

High school certificate or equivalent

34.02 %

Apprenticeship trade certificate/diploma

9.52 %

College/non-university certificate

13.21 %

University certificate (below bachelor)

2.02 %

University Degree

20.09 %

Commuter

Travel To Work

By Car

81.5 %

By Public Transit

1.13 %

By Walking

13.18 %

By Bicycle

0.0 %

By Other Methods

4.19 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.47 %

Houses

44.53 %

Own Vs. Rent