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Legal suite

$899,000

170 2 Street NW

Save this home

Beds

3

Baths

5 full + 2 half

Sqft

Year

2016

Type

Single Family

Suite

Legal suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Medicine Hat. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 170 2nd Street NW in Medicine Hat—an incredibly unique, industrial-style home that stands out from anything else on the market. Designed for easy, low-maintenance living, this property blends modern comfort with bold character and practical function. Inside the main home, you’ll find a bright, open layout with durable finishes and a relaxed, urban feel throughout. A major highlight is the in-floor heating, offering consistent, efficient comfort year-round. The home is designed to be simple, functional, and easy to maintain—perfect for busy lifestyles or anyone wanting stress-free living. Adding to its character, the property features authentic industrial touches including 1932 original warehouse windows and unique historic elements that give the home a true one-of-a-kind personality. A major bonus is the approximately 800 sq. ft. self-contained legal suite located above the garage. Fully independent and well-designed, it offers excellent flexibility for rental income, extended family, or guests—adding significant value and versatility to the property. If you are looking for a standout investment property, this home delivers style, comfort, and opportunity all in one package. Opportunities like this don’t come up often—this is your chance to own something truly different in a great location. (id:65958)

Subtype
Single Family
Structure
House
Community
Riverside
Common interest
Freehold
Living area
2,880 square feet
Lot size
559.3 square meters
Lot dimensions
559.30
Bedrooms
3 above grade, 0 below grade
Parking
9 total
Stories
1.5
Fireplace
1
On market
Apr 17, 2026
Status changed
Apr 20, 2026
Annual tax
$6,191.8 (2025)
Zoning
R-LD
Photos
32
MLS#
A2302497
Area
MEDICINE_HAT

Features and systems

Parking

Attached GarageGarage

Basement

None

Appliances

RefrigeratorGas stove(s)Range - ElectricMicrowaveHood FanWasher & Dryer

Heating

Natural gas

Exterior

Concrete

Construction

Poured concreteICF Block

Flooring

ConcreteCarpeted

Foundation

See Remarks

Lot

Back laneNo Animal HomeNo Smoking HomeGas BBQ Hookup
Negative cash flow ~$130/mo at these assumptions

Cash on cash

-0.87%

Cap rate

4.69%

GRM

13.9

Break-even rent

$5,537

Financing

Down payment$179,800
Loan amount$719,200
Mortgage$3,644/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412
Insurance$80
Maintenance$749
CapEx reserve$375
Vacancy loss$270

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,644/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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