Active
CRESTWOOD-NORWOOD
1, 1804 29 Street Se, Medicine Hat, AB
$549,900
Residential · MLS® A23093926Bedrooms
3Bathrooms
1,750Sq Ft
2Garage
1962Year Built
02 / Overview
PROPERTY OVERVIEW
A versatile, fully developed property in the desirable Norwood area, offering two separate homes on one lot and a combined rental income of $3,450 per month.
The main home is a 1,063 sqft bungalow with three bedrooms and a 4-piece bathroom on the main level, plus a spacious living room, dining room, and kitchen. The fully developed basement adds a family room with a cozy stone fireplace, a fourth bedroom, a 3-piece bathroom, and a summer kitchen with built-in cabinets and...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,750 sq ft
Lot Size6,875 sq ft
Zoning R LD
HeatingCentral • In Floor • Hot Water • Natural Gas
CoolingCentral Air • Sep. HVAC Units
ParkingOff Street • Stall
ExteriorPrivate Entrance
BasementFull
Year Built1962
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$649After mortgage & expenses
Cap Rate5.9%Based on market rents
Cash on Cash Return7.1%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
CRESTWOOD-NORWOOD
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Investment ScoreN/A
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Active ListingsN/A
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Listed by DOUG ANDERSON · ROYAL LEPAGE COMMUNITY REALTY