804 8 Street SE Medicine Hat, Alberta T1A 1M8

$499,900

Welcome to 804 8 Street SE, Medicine Hat, a beautifully renovated character home and Legal Triplex generating over $40,000 in annual rental income after property taxes and insurance. This exceptional property offers an excellent opportunity for investors, multi-generational families, or homeowners looking to offset their mortgage with rental income.This unique property features three separate suites. The two basement suites are currently rented for a combined $1,900 per month, while the spacious main-floor suite is rented for $2,100 per month, providing a combined monthly rental income of $4,000 after expenses. Situated on a large lot, the property offers a fully fenced and private backyard surrounded by mature trees, along with a spacious storage shed and plenty of off-street parking. Three assigned parking stalls with plug-ins are provided for the basement suites, while an additional three off-street parking spaces serve the main-floor suite. Outdoor living is another highlight, with a large, recently upgraded shaded deck as well as a separate private deck off the main-floor entrance..Inside, the expansive main level is bright, welcoming, and full of character. The kitchen and dining area have been updated with newer flooring and paint, renovated countertops, and stainless steel appliances. The adjoining living room provides plenty of space to relax or entertain, while two generously sized bedrooms and a full bathroom complete the main floor.. A conveniently located stacked washer and dryer can be found on the way to the upper level. .Upstairs offers even more living space with a large bedroom, second full bathroom, charming nooks, and additional storage, creating a cozy and functional retreat..The lower level is accessed through a separate entrance and contains two self-contained suites. Each suite has its own utilities, with both sharing access to a common laundry area.With its combination of character, thoughtful renovations, generous outdoor space, ample parking, and **over $40,000 in annual rental income after property taxes and insurance**, 804 8 Street SE offers exceptional versatility as a revenue property, **Call your REALTOR® today to arrange your private viewing of this impressive income producing property!** (id:49203)

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https://www.realtor.ca/real-estate/30427629/804-8-street-se-medicine-hat-river-flats