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For Sale · Medicine Hat · Multi-family

$599,900

223 5 Street NW, Medicine Hat

Tour this home

1,920

Size

1976

Year built

About This Home

The details.

Excellent investment opportunity with this well-maintained fourplex offering strong income potential and long-term stability. Three of the four units are currently occupied by reliable long-term tenants, providing immediate cash flow, while the vacant unit has been recently refreshed with fresh paint and newer main floor flooring—ideal for owner occupancy or to maximize rental income at current market rates. Each...

Summarizing the highlights...

MLS® A2304150Listing courtesy of RE/MAX MEDALTA REAL ESTATEView on map Street view

Property Details

Facts & features.

Property type: Multi-family
Ownership: Freehold
Year built: 1976
Size: 1,920 sqft
Storeys: 1
Parking: 4 spaces
Listed on: 2026-04-21
Days on market: 85
MLS number: A2304150
Data source: Medicine Hat Real Estate Board Co-op

July Value

What this home is worth.

Calculating a July Value estimate...

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$2,806

$479,920 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,806

Cash flow

-$2,806

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Medicine Hat right now

133

Active listings

135

New this week

$389,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Medicine Hat.

Household and demographic stats for Medicine Hat, from the Statistics Canada 2021 Census.

63,271
Population (2021): 42.4
Median age: 27,220
Households: 2.3
Avg household size: 70.9%
Home ownership: $78,000
Median household income

Medicine Hat market trends

The immediate block around this home (right here): about 606 residents in 296 homes, 1,469 people/km² (suburban).

Source: Statistics Canada 2021 Census, Medicine Hat, City, Alberta; block-level figures from dissemination area 48010189.

Schools

Nearby schools

K-12 schools closest to this home, with straight-line distances.

no score data
Vincent Massey School
580 m
public · elementary
no score data
St. Michael's School
750 m
catholic · elementary
no score data
Monsignor McCoy High School
880 m
catholic · secondary
no score data
Crescent Heights High School
920 m
public · secondary

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.