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156 & 164 Charles Street
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Located just off the Trans-Canada Highway in Dunmore, this versatile commercial property offers excellent visibility, easy highway access, and outstanding flexibility for a wide range of business operations. Vacant and quick possession as an opportunity, the property presents an excellent opportunity for an owner-operator or investor seeking future income-generating lease potential. The main building is a 2,358 sq. ft. Nelson-built structure (1981) that was previously used as office space but could easily transition back to residential use or continue as professional/commercial space. Designed with durability and functionality in mind, it features a tiled roof, brick-and-metal exterior, three offices or bedrooms, three bathrooms, a large boardroom/living room, a spacious kitchen, and a full basement offering wide-open space for future development or storage. The property is serviced by two septic tanks. At the rear of the lot, two commercial shops are connected by an enclosed walkway, creating an efficient setup for operations, storage, service, or light industrial use: Shop 1: 39 ft x 59 ft, Concrete floor, Electric overhead door, Enclosed office, 2-piece bathroom and a Make-up air unit. Shop 2: 39 ft x 120 ft, Concrete floor, Electric overhead doors on both ends for drive-through capability, and a Make-up air unit. The expansive yard provides ample room for equipment parking, material storage, fleet use, or future expansion. The eastern property line extends approximately 15–20 feet beyond the shops, adding even more usable yard space. With vacant possession and strong functional infrastructure already in place, this property offers a rare opportunity to establish your own operation or secure a property with strong future leasing potential just minutes from Medicine Hat. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 3, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.