$ 850,000
1137 & 1139 Kingsway AVE SE Medicine Hat, AB T1A2Y1
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 850,000
Est. payment /mo
Active
1137 & 1139 Kingsway AVE SE Medicine Hat, AB T1A2Y1
UPDATED:
11/06/2024 08:20 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision River Flats
MLS® Listing ID A2177784
Originating Board Medicine Hat
Year Built 1955
Annual Tax Amount $8,944
Tax Year 2024
Property Description
Welcome to 1137 & 1139 Kingsway Ave SE, with a bonus at 714 12th Street, ALL ON ONE TITLE!!! Such a rare opportunity to own a mixed-use property that combines commercial potential with residential convenience, located on a high-traffic street for maximum visibility. Previously used as an automotive service center, this property is perfectly equipped for a range of business ventures, thanks to its expansive layout, ample parking, and versatile spaces. WITH 2 CIVIC ADDRESSES AND SEPERATED UTILITIES, THIS BUILDING COULD BE DEMISED FOR 2 OR MORE BUSINESSES! The commercial property features an impressive 5,827 sq. ft. above grade, with a spacious main floor offering 4,557 sq. ft. that includes multiple shop bays, service areas, and workspaces. These are well-suited for automotive services or can be adapted to suit other business needs, such as retail, workshop, or office space. Additionally, the upper floor adds another 1,270 sq. ft. of storage and utility rooms, providing ample space for inventory, tools, or back-end operations. There is a total of 7 Overhead doors, ranging from 8x8 up to 12 x 12, providing endless occupancy opportunities. For the residential investment, you’ll find an 812 sq. ft. living area that serves as a private sanctuary or potential income property. This comfortable residence includes a cozy living room, a well-equipped kitchen and dining area, two spacious bedrooms, and a full bathroom. The 786 sq. ft. lower floor offers additional storage, a family room, laundry/utility area, and even more flexibility for any residential revenue or owner occupied needs! With separate entrances and thoughtful layout, the residential unit is ideal for rental income or for business owners looking for convenient on-site living. A key highlight of this property is the convenience of off-street parking, providing easy access for both customers and residents. With plenty of parking space, you can accommodate your clients’ needs without congestion, making it ideal for a customer-facing business. The combination of commercial and residential spaces offers a unique investment opportunity with multiple income streams, whether through the on-site residence, business operation, or potential rental options. Located in a thriving area of SE Kingsway, this property is designed for the ambitious entrepreneur or investor seeking maximum versatility and potential. Explore the endless possibilities at 1137 + 1139 Kingsway Ave SE and envision your business or investment future in this one-of-a-kind property!
Location
State AB
County Medicine Hat
Zoning MU
Interior
Heating Make-up Air, Forced Air, Natural Gas
Cooling Central Air
Inclusions Residential - fridge, stove Commercial 12000 lb hoist, compressor, power lift
Exterior
Roof Type Flat Torch Membrane,Asphalt Shingle,Tar/Gravel
Lot Frontage 100.0
Total Parking Spaces 13
Building
Lot Description Low Maintenance Landscape, Near Shopping Center, Level, Near Public Transit
Foundation See Remarks
Others
Restrictions None Known
Tax ID 91633552
Ownership Joint Venture
Listed by MAXWELL CANYON CREEK