415 7 Street Sw, Medicine Hat, AB, T1A 4K4

415 7 Street SW, Medicine Hat, AB, T1A 4K4

MLS® # A2107429

Commercial For Sale In SW Hill Kensington, Medicine Hat, Alberta

$820,000

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415 7 Street SW, Medicine Hat, AB, T1A 4K4

$820,000

Property Information:

Welcome to a rare and exciting opportunity to own a prime piece of real estate! This restaurant space, strategically located along 7th Street SW, offers not only a thriving culinary venture but also the potential for additional income with seven residential suites situated above. The restaurant space itself boasts a fully equipped kitchen and bar. A turn key operation. Seven residential suites above featuring 1-2 bedroom,2-1 bedroom and 4 studio apartments. Suites have been renovated. There is also a basement which is great for storage or potential another revenue stream. Great location close to schools, and easy access to Highways.

Inclusions: Equipment list to be provided

Property Features:

Built in: 1955
Business Type: Arts and Entertainment, Food & Beverage
Floor Space (approx): 9000.00 Square Feet
Lot Size: 6250.00 Square Feet
Zoning: MU

Courtesy of: RE/MAX MEDALTA REAL ESTATE

Data provided by: Medicine Hat Real Estate Board Co-operative Ltd. 403 4th St. SE, Medicine Hat, Alberta T1A 0K5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Location of 415 7 Street SW, Medicine Hat, AB, T1A 4K4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

29 hot days expected in 2050

Projected Storm Risk: Relatively Low

11 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 415 7 Street SW, experiences 7 hot days per year at around 33.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 37.6 degrees Celsius.

Projected Avg. Temperature

Past

33.5℃

2050

37.6℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

11 storms expected in 2050

13/100

Relatively Low

ClimateCheck®

Current data

This property, 415 7 Street SW, experiences 10 significant 2-day storms per year, with about 152.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 172.9mm of precipitation per year.

Precipitation Per Storm

Past

152.1mm

2050

172.9mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 415 7 Street SW, Medicine Hat, AB, T1A 4K4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,551.47

Average Number of Children

1.83

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.35 %

High school certificate or equivalent

29.2 %

Apprenticeship trade certificate/diploma

14.98 %

College/non-university certificate

18.69 %

University Degree

13.78 %

Commuter

Travel To Work

By Car

84.04 %

By Public Transit

1.09 %

By Walking

12.32 %

By Bicycle

1.09 %

By Other Methods

1.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.93 %

Houses

95.07 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 415 7 Street SW, Medicine Hat, AB, T1A 4K4

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 415 7 Street SW, Medicine Hat, AB, T1A 4K4

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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