637-639 2 Street SE

SE Hill, Medicine Hat · MLS® A2300403

9,750 sq ft lot · Land · Vacant Land · 195 days on market

listed by FRANK DEVINE, ROYAL LEPAGE COMMUNITY REALTY

realtor's description

Located in the heart of Medicine Hat’s vibrant downtown core, this property offers an exceptional opportunity for investors, business owners, or those looking to be part of the city’s ongoing revitalization. Positioned just steps from City Hall and surrounded by an abundance of coffee shops, restaurants, pubs, and retail amenities, the location simply can’t be beat. With the downtown core continuing to see renewed growth and development, this property presents strong potential for future value and a variety of possible uses. Whether you're looking to establish a business, expand your portfolio, or secure a prime central location, this is an opportunity worth exploring. Immediate possession available.

property details

type: Land, Vacant Land
lot: 9,750 sq ft
parking: 0
property tax: $3,846 / yr
days on market: 195
MLS®: A2300403

features

Back lane

property tax

about $4,297 a year

The asking price times Medicine Hat's 2026 residential rate of 9.55 per $1,000 (municipal and education).

The listing shows $3,846 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$2,281/mo

Mortgage $1,960 · Tax $321

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $228,131
land title fees: $910; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $90,890; down + land title fees
total paid: $588,051

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.