Active Listing

339 North Railway Street SE

339 North Railway Street SE, Medicine Hat

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$375,000Price
3,655Sq Ft

Step into a rare opportunity with this urban gem—an iconic brick building blending old-world charm with modern upgrades, nestled in Medicine Hat’s vibrant North Railway District.

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Step into a rare opportunity with this urban gem—an iconic brick building blending old-world charm with modern upgrades, nestled in Medicine Hat’s vibrant North Railway District. Eligible for downtown incentives, this property is a standout for entrepreneurs and investors seeking both character and versatility. The main building’s classic brick façade is beautifully preserved, while extensive renovations deliver peace of mind and contemporary comfort. Most windows and doors have been updated, the chimney has been expertly rebuilt, and the furnaces and A/C systems are new or upgraded for year-round efficiency. Additional enhancements include updated flashing, eaves, security lighting, electrical and lighting upgrades, a modernized washroom in unit 1, drop ceiling update, paint in many spaces, a new security system, and a durable membrane roof. Flexible Potential: Mercantile-ready: The main space is ideal for retail, boutique, or creative ventures. Revenue Generation: Two separate, self-contained units offer excellent rental income potential. This property is a match for visionaries looking to invest in a prime location with growth on the horizon. Whether you’re expanding your business, launching a new venture, or seeking a live/work lifestyle, this urban masterpiece delivers flexibility, income, and a piece of local history. Don’t miss your chance to own a cornerstone in Medicine Hat’s most exciting district! Contact your real estate agent to discover what needs to be done to customize this property to meet your needs!

Specifications

Property Details

Property TypeCommercial
Property SubtypeMixed Use
StructureMixed Use
Transaction TypeFor Sale
Living Area3,655 sq ft
Building Area3,655 sq ft
Lot Size2,946 sq ft
Lot Acres0.0700
Year Built1947
HeatingForced Air,Natural Gas
CoolingCentral Air
RoofRubber
Lot FeaturesCorner Lot
Annual Taxes$4,625 (2025)
ZoningMU-D
PossessionImmediate,Subject To Tenancy
Occupant TypeTenant
Title / LandFee Simple
InclusionsTenant Belongings
Days on Market152
ListedJanuary 15, 2026
NeighbourhoodRiver Flats
MLS NumberA2279563
The Location

River Flats

339 North Railway Street SE, Medicine Hat, Alberta, T1A 2Z1

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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of GRASSROOTS REALTY GROUP.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $4,625. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2279563. Listed January 15, 2026. Listed by GRASSROOTS REALTY GROUP.

Ask About This Property

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: July 20, 2026.