Excellent investment opportunity in the heart of Medicine Hat’s Harlow neighbourhood! This well-maintained side-by-side duplex offers immediate revenue with long-term tenants already in place, making it an ideal addition to any investment portfolio. With separate utilities paid by the tenants and a current gross rental income of $2,200 per month, this is a fantastic opportunity for both seasoned investors and those looking to enter the rental market. It also offers excellent flexibility for buyers wanting to live in one unit while generating income from the other.Situated on a generous 50’ x 127’ lot, the property features two well-designed units. Unit 644 offers a spacious 2+2 bedroom layout with 2 full bathrooms, while Unit 662 features 2+1 bedrooms and 1 full bathroom. A new furnace was installed in Unit 662 in 2024, and the property also benefits from updated shingles completed in 2019, providing added peace of mind for years to come.The detached garage (measurments are 12.4ft x 26.3ft) offers valuable storage space or the potential to generate additional rental income. Conveniently located in the established Harlow neighbourhood, close to schools, parks, shopping, and everyday amenities, this property is well-positioned for long-term investment success.Whether you’re looking to expand your investment portfolio or searching for the perfect live-up/rent-down opportunity, this duplex offers an excellent combination of cash flow, flexibility, and future potential. (id:51989)
Features of 662/664 1 Street Sw
- MLS® Number A2329321
- Price $439,000
- Square Footage: 1821 sqft
- Property Type: Multi-Family
- Parking Space Total 2
- Plan 5822jk
Buildings
| Appliances | Refrigerator, Window/sleeve Air Conditioner, Stove, Window Coverings | Constructed Date | 1973 |
| Construction Style Attachment | Attached | Heating Type | Forced Air |
| Size Interior | 1821 Sqft | Total Finished Area | 1821 Sqft |
| Type | Multi-family |
Parking
| Detached Garage | 1 |
Land
| Acreage | No | Size Irregular | 6350.00 |
| Size Total | 6350 Sqft|4,051 - 7,250 Sqft | Size Total Text | 6350 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R-ld |
Agents and Offices
- DEVON FELESKY
- Office: RE/MAX Medalta Real Estate