Active
RIVER FLATS
1123 Balmoral Street Se, Medicine Hat, AB
$289,900
Residential · MLS® A22980792Bedrooms
2Bathrooms
842Sq Ft
2Garage
1912Year Built
02 / Overview
PROPERTY OVERVIEW
Excellent first time buyer or investment opportunity! This well-maintained 2-bedroom bungalow offers 842 sq ft of comfortable living space and has seen numerous thoughtful updates over recent years. Incredibly affordable to own, with utility costs averaging just $230 per month, Improvements include an updated roof, attic insulation upgrades, refreshed kitchen cabinetry, vinyl plank flooring, and newer windows and doors—giving you peace of mind and added value from day one. The main floor features a bright and inviting living room...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area842 sq ft
Lot Size5,250 sq ft
ZoningR-LD
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingDouble Garage Detached
ExteriorOther
BasementPartial
Year Built1912
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$235After mortgage & expenses
Cap Rate5.4%Based on market rents
Cash on Cash Return4.9%With 20% down payment
Est. Monthly Rent$1,574Based 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 DAVID MULDER · RE/MAX MEDALTA REAL ESTATE