Active
RIVER FLATS
620 Spencer Street Se, Medicine Hat, AB
$99,900
Residential · MLS® A22970101Bedrooms
1Bathrooms
800Sq Ft
1Garage
1946Year Built
02 / Overview
PROPERTY OVERVIEW
Versatile redevelopment opportunity in SE Medicine Hat! 620 Spencer Street SE offers a flexible site with MU (Mixed Use) zoning, presenting a wide range of possibilities for investors, developers, or entrepreneurs. The existing structure requires a substantial renovation, making this an ideal project for those looking to reimagine and add value through improvement or redevelopment. The heavy lifting of asbestos abatement has already been completed, giving buyers a clear path to redevelopment. Alternatively, the structure could be removed entirely to...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area800 sq ft
Lot Size6,499 sq ft
ZoningMU
HeatingNone
CoolingNone
ParkingOff Street
ExteriorNone
BasementOther
Year Built1946
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$943After mortgage & expenses
Cap Rate15.8%Based on market rents
Cash on Cash Return56.6%With 20% down payment
Est. Monthly Rent$1,450Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
RIVER FLATS
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by MATT TEEL · ROYAL LEPAGE COMMUNITY REALTY