Active

RIVERSIDE

112, 1051 3 Street Nw, Medicine Hat, AB

$359,000

Residential · MLS® A2316968
3Bedrooms
2Bathrooms
1,425Sq Ft
1Garage
1980Year Built
02 / Overview

PROPERTY OVERVIEW

Wake up to breathtaking river views in this unique two storey condo, ideally positioned so close to the water you’ll feel like you’re living right on the riverbank. Reserved for residents aged 45+, this home offers a peaceful lifestyle with a private entrance, giving it more of a townhouse feel than a traditional apartment.

The deck provides the perfect place to enjoy your morning coffee, watch the seasons change along the river, or just take in the scenery. Inside, the two...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeLow Rise (2-4 stories)
Storeys3
Total Finished Area1,425 sq ft
ZoningR-MD
HeatingBoiler • Natural Gas
CoolingWall Unit(s)
ParkingUnderground
ExteriorPrivate Entrance
Year Built1980
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$569After mortgage & expenses
Cap Rate6.4%Based on market rents
Cash on Cash Return9.5%With 20% down payment
Est. Monthly Rent$2,644Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

RIVERSIDE

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Investment ScoreN/A
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Listed by TARA LAM · SOURCE 1 REALTY CORP.