11,160 SqFt
11,160 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,160 sqft
Price per Sqft $196
MLS Listing ID A2304861
Year Built 1977
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Multi Family
Property Description
The main-floor suites are in new condition and designed for comfortable extended stays,making them a strong fit for the area's ongoing industrial demand. Each suite is fully furnished with kitchenette,small-wares,furniture and décor,plus keypad locks and through-wall electric heat/cool units for efficient,individual climate control.
Upstairs,the one-bedroom apartments offer reliable tenancy with durable,“set-it-and-forget-it” finishes and a history of strong occupancy. The building is owner operated and runs more like a multifamily complex—while still preserving the upside and flexibility of nightly/short-term rates on the main floor.
Major capital improvements have already been completed,including a complete exterior revitalization with new cladding,windows,doors,and more. Sidewalks have been repoured,and the property offers approximately 20+ parking stalls—a major value-add for both long-term tenants and transient/industry guests. Exterior improvements currently underway will be completed prior to possession,and there is no outstanding maintenance to tackle.
Operationally,overhead stays low with minimal staffing requirements. A main-floor common area includes 2 coin washers and 2 coin dryers,plus separate laundry for housekeeping if requested. Mechanical updates include a boiler replaced in 2022,four newer hot water tanks,and ample power capacity to support the building's demands.
Located in the heart of Redcliff,steps from Main Street,beside the museum,and minutes to the Trans-Canada Highway,this property sits on the edge of the Medicine Hat area—positioned to benefit from continued growth in Southern Alberta.
A rare,stabilized asset with modernized suites,strong tenancy history,and multiple income strategies—all in one property.
Location
State AB
Zoning C2
Direction NE
Interior
Heating Boiler, Combination, Electric, Natural Gas
Cooling Full
Inclusions 20 x Fridge, 10 x Stove, 10 x Hot plate, 10 x Toaster oven, 10 x microwave, 10 x TV with wall mount, all fixtures, furnishings and house wares in main floor suites, 2 x coin washer, 2 x coin dryer, 1 washer, 1 dryer, 10 x wall heat/cool unit, 10 x wall A/C, various janitorial supplies.
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 20
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Slab
Others
Restrictions None Known
Nearby Locations
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