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)
Data was last updated June 16, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$279,900
Min list price:
$99,900
Max list price:
$648,900
Avg days on market:
38
Min days on market:
18
Max days on market:
80
Avg price per sq.ft.:
$277.3
These statistics are generated based on the current listing's property type
and located in
River Flats. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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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.
Ai generated photo
