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$ 2,140,000
Est. payment | /mo
11,160 SqFt
$ 2,140,000
Est. payment | /mo
11,160 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,160 sqft
Price per Sqft $191
MLS Listing ID A2304861
Year Built 1977
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Multi Family
Property Description
Exceptional turnkey investment opportunity in Redcliff. This fully revitalized,mixed-use building now operating as a flexible 20-door income property—10 newly reconstructed,fully furnished motel-style suites on the main floor plus 1 two-bedroom and 9 one-bedroom residential suites upstairs (with 6 renovated and 4 older style apartments).
The main-floor suites are in new condition and designed for comfortable extended stays,making them a strong fit for the area's ongoing industrial demand. Each suite is fully furnished with kitchenette,small-wares,furniture and décor,plus keypad locks and through-wall electric heat/cool units for efficient,individual climate control.
Upstairs,the one-bedroom apartments offer reliable tenancy with durable,“set-it-and-forget-it” finishes and a history of strong occupancy. The building is owner operated and runs more like a multifamily complex—while still preserving the upside and flexibility of nightly/short-term rates on the main floor.
Major capital improvements have already been completed,including a complete exterior revitalization with new cladding,windows,doors,and more. Sidewalks have been repoured,and the property offers approximately 20+ parking stalls—a major value-add for both long-term tenants and transient/industry guests. Exterior improvements currently underway will be completed prior to possession,and there is no outstanding maintenance to tackle.
Operationally,overhead stays low with minimal staffing requirements. A main-floor common area includes 2 coin washers and 2 coin dryers,plus separate laundry for housekeeping if requested. Mechanical updates include a boiler replaced in 2022,four newer hot water tanks,and ample power capacity to support the building's demands.
Located in the heart of Redcliff,steps from Main Street,beside the museum,and minutes to the Trans-Canada Highway,this property sits on the edge of the Medicine Hat area—positioned to benefit from continued growth in Southern Alberta.
A rare,stabilized asset with modernized suites,strong tenancy history,and multiple income strategies—all in one property.
The main-floor suites are in new condition and designed for comfortable extended stays,making them a strong fit for the area's ongoing industrial demand. Each suite is fully furnished with kitchenette,small-wares,furniture and décor,plus keypad locks and through-wall electric heat/cool units for efficient,individual climate control.
Upstairs,the one-bedroom apartments offer reliable tenancy with durable,“set-it-and-forget-it” finishes and a history of strong occupancy. The building is owner operated and runs more like a multifamily complex—while still preserving the upside and flexibility of nightly/short-term rates on the main floor.
Major capital improvements have already been completed,including a complete exterior revitalization with new cladding,windows,doors,and more. Sidewalks have been repoured,and the property offers approximately 20+ parking stalls—a major value-add for both long-term tenants and transient/industry guests. Exterior improvements currently underway will be completed prior to possession,and there is no outstanding maintenance to tackle.
Operationally,overhead stays low with minimal staffing requirements. A main-floor common area includes 2 coin washers and 2 coin dryers,plus separate laundry for housekeeping if requested. Mechanical updates include a boiler replaced in 2022,four newer hot water tanks,and ample power capacity to support the building's demands.
Located in the heart of Redcliff,steps from Main Street,beside the museum,and minutes to the Trans-Canada Highway,this property sits on the edge of the Medicine Hat area—positioned to benefit from continued growth in Southern Alberta.
A rare,stabilized asset with modernized suites,strong tenancy history,and multiple income strategies—all in one property.
Location
Province AB
County 0376
Zoning C2
Direction NE
Interior
Heating Boiler, Combination, Electric, Natural Gas
Cooling Full
Inclusions 20 x Fridge, 10 x Stove, 10 x Hot plate, 10 x Toaster oven, 10 x microwave, 10 x TV with wall mount, all fixtures, furnishings and house wares in main floor suites, 2 x coin washer, 2 x coin dryer, 1 washer, 1 dryer, 10 x wall heat/cool unit, 10 x wall A/C, various janitorial supplies.
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 20
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Slab
Others
Restrictions None Known
Listed by GRASSROOTS REALTY GROUP
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Shuvolaxmi Dutta
Highly recommend! An absolute pleasure to work with.
We recently purchased our beautiful new home in Calgary with the help of Viren and we couldn’t be happier with the entire experience. From the very beginning, he truly listened to our specific needs, likes, and dislikes. He understood exactly what we were looking for in a family home and didn’t recommend us to see anything that didn’t align with our vision.
He was very respectful of our budget and helped us find excellent options within our range without ever making us feel pressured. He never rushed us — even when we took time to think things through, he was patient and supportive every step of the way.
What really stood out was how he went above and beyond during the final walkthrough. He took care of a few issues that came up and made sure everything was properly addressed before closing. It gave us so much peace of mind.
Most importantly, working with him felt like searching for a home with a close family friend. His warmth, honesty, and genuine care made, what could have been a stressful process, truly enjoyable. We are so grateful for his help in finding our perfect family home and would recommend him to anyone without hesitation!
Thank you again Viren!
Stallone Dias
We recently worked with Viren to purchase a rental property, and the experience was excellent from start to finish.
Buying a home can be stressful, but Viren made the entire process smooth and straightforward. He was knowledgeable, responsive, and always available to answer our questions. We never felt pressured and always felt that he had our best interests in mind.
His guidance throughout the search, negotiations, and closing process was invaluable, and thanks to his hard work, we found the perfect property.
I would highly recommend Viren to anyone looking to buy or sell a home. Thank you for making what could have been a stressful experience such a positive one! - We will definitely be in-touch when we're in the market for another property.
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
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