$416,000
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524 3 Street Se, Medicine Hat, AB T1A 0H3

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Exceptional downtown mixed-use building offering a rare combination of stable income, future upside, and owner-occupier flexibility. Spanning approximately 6, 300 sq. ft., this property is well-positioned for investors seeking a turnkey asset with multiple revenue streams. The main floor consists of a 2, 400 sq. ft. retail space. The 1, 500 sq. ft. basement suite is fully separated and leased to a tech service company, with a long-term agreement in place until April 30, 2029, providing dependable income. The second level offers 2, 400 sq. ft. and is configured into four residential suites. Two units are fully operational and currently generating short-term rental income through Airbnb, with all furnishings included in the sale for a seamless transition. The remaining two units are currently utilized as storage, presenting a value-add opportunity for buyers to upgrade to current code and significantly increase rental revenue. Additional highlights include three dedicated parking stalls at the rear of the property with alley access. Over the past five years, the building has seen important capital improvements including a rubber membrane roof, new wood deck, high-efficiency furnace and air conditioning unit, and HRV systems servicing both the main and basement levels. The upper residential suites are heated via a boiler system. This is a strong, income-producing asset with both immediate cash flow and clear potential for growthideal for investors or business owners looking to secure a strategic downtown location.

Listing By: MATT TEEL - ROYAL LEPAGE COMMUNITY REALTY cnpilar Realty.com
  • MLS® A2300129
  • Date Listed04/10/2026
  • Days on Realty 57 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.07 acres (3,250 sq. ft)
  • Subdivision SE Hill
  • County Medicine Hat
  • Year Built 1945

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.07
  • Lot Size SQFT 3,250.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T1A 0H3

Discover key demographics, population statistics, and environmental insights for the Medicine Hat, AB area.

Walkability in AB / T1A 0H3

Source: Walk Score

88/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

44/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 31/100, Transit Score: 0/100, Bike Score: 38/100.

Points of Interest near 524 3 Street SE, Medicine Hat, AB T1A 0H3

Frequently Asked Questions for 524 3 Street SE

Source: Realty.com

524 3 Street SE, Medicine Hat, AB T1A 0H3 in SE Hill, Medicine Hat, AB T1A 0H3 is a mixed use listed at $416,000. Highlights include built in 1945, 0.07 acre lot. Realty.ca has 49 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 49 photos of 524 3 Street SE.

Our records indicate that 524 3 Street SE was built in 1945.

The full address for this home is 524 3 Street SE, Medicine Hat, AB T1A 0H3.

524 3 Street SE has been listed on Realty.com since Fri April 10, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 31/100, Transit Score: 0/100, Bike Score: 38/100.

Listing provided courtesy of: ROYAL LEPAGE COMMUNITY REALTY (tel: 403-528-4222)
Listing agent: MATT TEEL (tel: 403-878-6679)

This content last refreshed on 2026-06-06 19:47:04. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.