$185,000
$199,900
7.5%For more information regarding the value of a property, please contact us for a free consultation.
3,250 Sqft Lot
SOLD DATE : 12/24/2023
Key Details
Sold Price $185,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision River Flats
MLS® Listing ID A2098759
Sold Date 12/24/23
Originating Board Medicine Hat
Year Built 1908
Annual Tax Amount $2,071
Tax Year 2023
Lot Size 3,250 Sqft
Acres 0.07
Property Description
OPPORTUNITY ! Located on North Railway St. SE, this two storey building is one of 3 adjacent properties built just after the turn of the last century. Known as the Baker Block, these structures were built close to downtown and to the railway by Herbert Baker , as mixed use commercial and residential properties designed to support Medicine Hat's early days as a pottery and manufacturing hub. These properties still hold Mixed use zoning ( commercial / residential ) to this day. Take note of the abundance of original features and quality materials used back then. The main floor of this property once operated as an antique store , and the upstairs was once a 7 bedroom boarding house but was most recently used as a 4 bedroom residence. With 3561 sq ft of interior above grade space (both levels) , 12 foot ceilings on the main level and 9 foot ceilings upstairs, and many original historical features , there is huge potential to create an amazing space that can generate income from both the commercial and the residential portions. Time to roll up your sleeves, restore this beautiful old building, and create some equity! Also ; check with the City of Medicine Hat for some possible restoration tax incentives . Note: the main floor still holds a business license but is not currently operating.
Location
Province AB
County Medicine Hat
Zoning MU-D
Exterior
Roof Type Tar/Gravel
Lot Frontage 25.0
Building
Foundation Poured Concrete
Others
Restrictions None Known
Tax ID 83515657
Ownership Private
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