Property Details
10 3 Street NE
Redcliff (A2304861)
Description
Exceptional turnkey investment opportunity in Redcliff. This fully revitalized, mixed-use building now operating as a flexible 20-door income property—10 newly reconstructed, fully furnished motel-style suites on the main floor plus 1 two-bedroom and 9 one-bedroom residential suites upstairs (with 6 renovated and 4 older style apartments).
The main-floor suites are in new condition and designed for comfortable extended stays, making them a strong fit for the area’s ongoing industrial demand. Each suite is fully furnished with kitchenette, small-wares, furniture and décor, plus keypad locks and through-wall electric heat/cool units for efficient, individual climate control.
Upstairs, the one-bedroom apartments offer reliable tenancy with durable, “set-it-and-forget-it” finishes and a history of strong occupancy. The building is owner operated and runs more like a multifamily complex—while still preserving the upside and flexibility of nightly/short-term rates on the main floor.
Major capital improvements have already been completed, including a complete exterior revitalization with new cladding, windows, doors, and more. Sidewalks have been repoured, and the property offers approximately 20+ parking stalls—a major value-add for both long-term tenants and transient/industry guests. Exterior improvements currently underway will be completed prior to possession, and there is no outstanding maintenance to tackle.
Operationally, overhead stays low with minimal staffing requirements. A main-floor common area includes 2 coin washers and 2 coin dryers, plus separate laundry for housekeeping if requested. Mechanical updates include a boiler replaced in 2022, four newer hot water tanks, and ample power capacity to support the building’s demands.
Located in the heart of Redcliff, steps from Main Street, beside the museum, and minutes to the Trans-Canada Highway, this property sits on the edge of the Medicine Hat area—positioned to benefit from continued growth in Southern Alberta.
A rare, stabilized asset with modernized suites, strong tenancy history, and multiple income strategies—all in one property.
Property details
- MLS® #
- A2304861
- Property Type:
- Commercial
- Subtype:
- Multi Family
- Subdivision:
- NONE
- Price
- $2,190,000
- Sale/Lease:
- For Sale
- Size:
- 11,160 sq.ft.
- Year Built:
- 1977 (49 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Building Name:
- REDCLIFF INN ON 3RD
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- 20 x Fridge, 10 x Stove, 10 x Hot plate, 10 x Toaster oven, 10 x microwave, 10 x TV with wall mount, all fixtures, furnishings and house wares in main floor suites, 2 x coin washer, 2 x coin dryer, 1 washer, 1 dryer, 10 x wall heat/cool unit, 10 x wall A/C, various janitorial supplies.
- Lot Size:
- 0 acres
- Zoning:
- C2
- Roof:
- Asphalt Shingle
- Foundation:
- Slab
- Heating:
- Boiler, Combination, Electric, Natural Gas
- Cooling:
- Full
- Possession:
- Immediate,Subject To Tenancy
- Days on Market:
- 5
Basic Info
Building Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
Social
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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. Used under license.