Description
OPPORTUNITY ! Located on North Railway St. SE, this two storey building is one of 3 adjacent properties built just after the turn of the last century. Known as the Baker Block, these structures were built close to downtown and to the railway by Herbert Baker , as mixed use commercial and residential properties designed to support Medicine Hat's early days as a pottery and manufacturing hub. These properties still hold Mixed use zoning ( commercial / residential ) to this day. Take note of the abundance of original features and quality materials used back then. The main floor of this property once operated as an antique store , and the upstairs was once a 7 bedroom boarding house but was most recently used as a 4 bedroom residence. With 3561 sq ft of interior above grade space (both levels) , 12 foot ceilings on the main level and 9 foot ceilings upstairs , and many original historical features , there is huge potential to create an amazing space where you could live upstairs and generate income from the commercial space on the main floor , or operate your business from the main floor and generate income from the residential portion. OR use both as revenue streams! This property has a full basement great for storage and there is also a walk-up access from the basement to the back yard. Time to roll up your sleeves, restore this beautiful old building, and create some equity. This property has potential to create a one-of-kind " urban-chic" living space , and generate income too! Also ; check with the City of Medicine Hat for some possible restoration tax incentives .
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4BEDS
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0.07ACRES
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1BATHS
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31/2 BATHS
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3,561SQFT
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$62$/SQFT
Description
OPPORTUNITY ! Located on North Railway St. SE, this two storey building is one of 3 adjacent properties built just after the turn of the last century. Known as the Baker Block, these structures were built close to downtown and to the railway by Herbert Baker , as mixed use commercial and residential properties designed to support Medicine Hat's early days as a pottery and manufacturing hub. These properties still hold Mixed use zoning ( commercial / residential ) to this day. Take note of the abundance of original features and quality materials used back then. The main floor of this property once operated as an antique store , and the upstairs was once a 7 bedroom boarding house but was most recently used as a 4 bedroom residence. With 3561 sq ft of interior above grade space (both levels) , 12 foot ceilings on the main level and 9 foot ceilings upstairs , and many original historical features , there is huge potential to create an amazing space where you could live upstairs and generate income from the commercial space on the main floor , or operate your business from the main floor and generate income from the residential portion. OR use both as revenue streams! This property has a full basement great for storage and there is also a walk-up access from the basement to the back yard. Time to roll up your sleeves, restore this beautiful old building, and create some equity. This property has potential to create a one-of-kind " urban-chic" living space , and generate income too! Also ; check with the City of Medicine Hat for some possible restoration tax incentives .