Versatile redevelopment opportunity in SE Medicine Hat! 620 Spencer Street SE offers a flexible site with MU (Mixed Use) zoning, presenting a wide range of possibilities for investors, developers, or entrepreneurs. The existing structure requires a substantial renovation, making this an ideal project for those looking to reimagine and add value through improvement or redevelopment. The heavy lifting of asbestos abatement has already been completed, giving buyers a clear path to redevelopment. Alternatively, the structure could be removed entirely to make way for a brand-new development tailored to your vision. A great opportunity to capitalize on a property with flexible zoning and strong future potential. With Mixed Use zoning, the property allows for a variety of permitted uses under the City of Medicine Hat Land Use Bylaw, including residential dwellings, home based businesses, professional or medical offices, retail or service based businesses, Day care facilities, studios, and other compatible commercial or mixed residential commercial developments. This flexibility creates an excellent opportunity to tailor the property to your specific vision—whether that be a live/work space, revenue generating investment, or a customized business location. A unique opportunity to unlock the full potential of a property with endless possibilities (see Ai genertated photo's for different visions)
Address
620 Spencer Street SE
List Price
$99,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Medicine Hat
Sub-Area
River Flats
Bedrooms
1
Bathrooms
1
Floor Area
800 Sq. Ft.
Lot Size
6499 Sq. Ft.
Year Built
1946
MLS® Number
A2297010
Listing Brokerage
ROYAL LEPAGE COMMUNITY REALTY
Basement Area
See Remarks
Postal Code
T1A 1Y7
Zoning
MU
Site Influences
Shopping Nearby, Walking/Bike Paths, Sidewalks, Standard Shaped Lot