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409 4 Street NW
Beds
5
Baths
3 full + 1 half
Sqft
2,143
Year
1973
Type
Single Family
On market
1d
Welcome to this spacious 2,143 SqFt bi-level home located in a quiet Riverside neighbourhood, offering excellent revenue potential with a legal 1 bedroom basement suite and a 4 bedroom main floor suite. Complete with a double attached garage and ample off street parking, this property is ideal for investors or revenue seekers. The main floor features two generous living room areas, including one accented by a cozy gas fireplace. The spacious kitchen is equipped with a centre island, full appliance package, ample cabinetry, and plenty of counter space. This level also offers four good sized bedrooms, a convenient laundry room, and a 4pc bathroom. One bedroom includes its own 2pc ensuite, while the primary bedroom features double closets and a cozy nook area perfect for getting ready, reading, or relaxing. The lower level hosts a bright and spacious legal 1 bedroom suite complete with a walk-in closet, 4pc bathroom, in-suite laundry, and an open concept living room and kitchen area. A bonus three-season room off the main floor leads through sliding patio doors onto the private deck overlooking the yard. At the rear of the property, you’ll find the double attached garage along with a large alley-access driveway, providing plenty of parking for tenants and guests alike. Currently tenant occupied with long term month-to-month agreements in place. The main floor rents for $1,500/month plus 1/2 utilities, while the basement suite rents for $1,300/month plus 1/2 utilities. Tenants would like to stay. A fantastic opportunity to add a strong revenue generating property to your investment portfolio! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.00 Ft x 20.58 Ft | |
| Bedroom | 11.00 Ft x 11.67 Ft | |
| Dining room | 7.58 Ft x 5.42 Ft | |
| Kitchen | 10.00 Ft x 11.50 Ft | |
| 4pc Bathroom | 9.67 Ft x 6.25 Ft | |
| Furnace | 6.58 Ft x 9.33 Ft | |
| Other | 6.58 Ft x 4.08 Ft | |
| Laundry room | 6.92 Ft x 14.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 3.67 Ft x 9.58 Ft | |
| Living room | 16.17 Ft x 17.58 Ft | |
| Dining room | 6.75 Ft x 8.25 Ft | |
| Kitchen | 11.25 Ft x 19.75 Ft | |
| Bedroom | 10.50 Ft x 12.25 Ft | |
| Bedroom | 11.08 Ft x 12.33 Ft | |
| 4pc Bathroom | 5.17 Ft x 8.92 Ft | |
| Laundry room | 6.75 Ft x 6.92 Ft | |
| 2pc Bathroom | 4.00 Ft x 5.08 Ft | |
| Bedroom | 14.83 Ft x 11.92 Ft | |
| Other | 12.50 Ft x 11.92 Ft | |
| Bedroom | 17.08 Ft x 13.08 Ft | |
| Family room | 24.00 Ft x 14.25 Ft | |
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).
Cash on cash
11.27%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,510
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 11, 2026.
| Other |
| 14.17 Ft x 11.75 Ft |
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
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.