Crescent Heights / Ross Glen Commercial Real Estate
Medicine Hat's established north residential communities. Neighbourhood strip retail along Dunmore Road, older walk-up apartments and Ross Glen condos offering value-add multifamily opportunities, and medical and dental office serving a stable residential catchment. Zero provincial income tax.
Crescent Heights / Ross Glen — Market Overview
Crescent Heights and Ross Glen are Medicine Hat's established north residential communities, sitting above the South Saskatchewan River valley on the north side of the city. These neighbourhoods host a mix of older walk-up apartment rental stock, newer Ross Glen condominiums and purpose-built rental, neighbourhood strip retail along Dunmore Road, and medical/professional office serving the residential catchment.
For multifamily investors, Crescent Heights offers an established rental market with older walk-up apartments that often present genuine value-add repositioning opportunities at cap rates of 5.75–6.25%. The stable government and trades-worker tenant base in north Medicine Hat provides consistent rental demand with lower vacancy risk than speculative new construction markets.
Dunmore Road commercial provides affordable neighbourhood retail opportunities at cap rates reflecting the smaller market but with stable neighbourhood-anchored tenant demand insulated from e-commerce displacement — personal services, healthcare and food and beverage uses dominate.
Crescent Heights / Ross Glen Cap Rates & Market Data (2025)
| Asset Class | Submarket | Cap Rate | Notes |
|---|---|---|---|
| Multifamily — Walk-Up (Older) | Crescent Heights | 6.0–6.25% | Value-add potential, stable rental demand |
| Multifamily — Newer / Condo | Ross Glen | 5.75–6.0% | Professional tenant profile, lower vacancy |
| Retail — Strip / Neighbourhood | Dunmore Rd | 6.0–7.0% | Personal services, medical, food tenants |
| Office — Medical / Dental | Dunmore Rd Area | 6.5–8.0% | Neighbourhood-serving healthcare |
Why Invest in Crescent Heights / Ross Glen
Walk-up value-add at attractive caps. Older Crescent Heights apartment buildings trade at 6.0–6.25% cap rates and often have renovation upside — cosmetic upgrades and suite improvements that allow rent increases in a market with stable underlying demand.
Stable government and trades tenant base. North Medicine Hat's rental market is supported by government sector employees, trades workers and small business operators who provide consistent tenancy with lower default risk than speculative or transient tenant profiles.
Neighbourhood retail is e-commerce resistant. Dunmore Road strip commercial hosts personal services, healthcare, food and beverage and financial services — tenant categories with genuine need for physical locations that are not materially threatened by online retail substitution.
Gas City economics apply. Medicine Hat's lowest-in-Canada natural gas rates reduce operating costs for all commercial buildings in the submarket, improving net operating income margins relative to cities with higher utility costs.
No provincial income tax. Alberta's zero provincial income and sales tax advantage compounds annually for all investors.
Crescent Heights / Ross Glen — Frequently Asked Questions
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What retail is available along Dunmore Road in Medicine Hat?
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Looking at Crescent Heights / Ross Glen?
Our advisors cover north Medicine Hat neighbourhood retail, walk-up multifamily value-add and medical office along Dunmore Road.
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