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339 N Railway St SE 3,656 SF Retail Building Medicine Hat, AB T1A 2Z1 $375,000 CAD ($102.57 CAD/SF)

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Executive Summary

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!

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
3,656 SF
Building Class
B
Year Built
1947
Price
$375,000 CAD
Price Per SF
$102.57 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.65
Lot Size
0.05 AC
Zoning
MU-D - Mixed Used Development
Parking
4 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
147’ on North Railway Street
Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tim Hortons
IGA
Foodland
TD Canada Trust
RBC Royal Bank
HSBC
BMO
CrossFit
CIBC
Scotiabank
  • Listing ID: 39663487

  • Date on Market: 2026-03-04

  • Last Updated:

  • Address: 339 N Railway St SE, Medicine Hat, AB T1A 2Z1

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