477 3rd St SE
Medicine Hat, AB T1A 2L3
Office Property For Sale

Avison Young is pleased to offer for sale 477 3 Street SE, a fully leased investment property ideally situated in the heart of Medicine Hat’s downtown core. Located within an established commercial and institutional district, the property benefits from excellent accessibility and proximity to government services, professional offices, financial institutions, and downtown amenities. Its strategic downtown location provides access to major transportation routes and serves a diverse mix of businesses, employees, and visitors throughout the day. Surrounded by established commercial development and ongoing downtown activity, the property is well-positioned to support long-term tenant demand. Strategically located in Medicine Hat’s downtown core, the subject property presents an opportunity to acquire a fully leased, income-producing investment asset within an established office and institutional district. The property is leased to two established tenants with strong covenants and long-term lease commitments, providing secure in-place income and exceptional investment stability. Professionally maintained and featuring a low-maintenance exterior, the asset offers reliable cash flow and minimal ongoing capital requirements. From an investment perspective, the property delivers immediate income supported by 100% occupancy and a strong cap rate of 9.12%. Its central location within Medicine Hat’s downtown core benefits from proximity to government services, professional offices, and a wide range of amenities, supporting long-term tenant demand and future leasing potential. The property generates a net operating income of $101,731 in 2026, representing an attractive opportunity to acquire a stable, well-positioned commercial investment with dependable income and long-term value retention.