Active Listing

447 Allowance Avenue SE

447 Allowance Avenue SE, Medicine Hat

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$519,900Price
1,435Sq Ft

Welcome to 447 Allowance Ave SE, a solid four-plex in Medicine Hat’s River Flats offering an excellent opportunity for investors looking for strong rental potential.

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Welcome to 447 Allowance Ave SE, a solid four-plex in Medicine Hat’s River Flats offering an excellent opportunity for investors looking for strong rental potential. This property features four self-contained units, including two spacious 2-bedroom, 1-bath suites and two comfortable 1-bedroom, 1-bath plus den suites, appealing to a wide range of tenants. Several units have been updated with modern flooring and fresh paint, creating clean and inviting living spaces. The property also includes a detached garage/workshop, ideal for additional storage, maintenance space, or potential extra rental value (currently rented). Tenants will appreciate the four off-street parking stalls, a valuable feature in this central location. The fully fenced yard adds additional functionality, making it practical for tenant enjoyment, security, and defined outdoor space. Situated in the River Flats, residents enjoy convenient access to downtown amenities, parks, walking trails, and transit, making it an attractive rental location. Whether you’re expanding your portfolio or looking for a solid multi-family investment, 447 Allowance Ave SE is a property worth exploring. Call your REALTOR® to book a private viewing!

Specifications

Property Details

Property TypeMulti-Family
Property Subtype4 plex
StructureFour Plex
Transaction TypeFor Sale
Living Area1,435 sq ft
Living Area (m²)133.0 m²
Year Built1941
Garage Spaces1
Parking Total5
Parking FeaturesDouble Garage Detached,Driveway,Garage Faces Side
FencingFenced
Price / Sq Ft$362.30
Annual Taxes$5,106 (2025)
Tax Assessment$527,800
ZoningR-LD
PossessionImmediate
Title / LandFee Simple
InclusionsFRIDGE X4, STOVE X4, WASHER X1, DRYER X1, GARAGE DOOR OPENER
ListedMarch 13, 2026
NeighbourhoodRiver Flats
MLS NumberA2292468
The Location

River Flats

447 Allowance Avenue SE, Medicine Hat, Alberta, T1A3E1

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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 RIVER STREET REAL ESTATE.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $5,106. 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 A2292468. Listed March 13, 2026. Listed by RIVER STREET REAL ESTATE.

Interested in this property?

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

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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: March 17, 2026.