$699,800

Commercial For Sale In Magrath, Alberta

$699,800

Property Information:

Welcome to Susan's Place. Built in 1940 and served as many retail uses including a restaurant just before becoming a residential space. Two separate buildings demised into 6 residential units with the main building housing 4. The 2nd building on Civic Ave. is demised into 2 units. The main building is 2,240sq.ft with unit #4 being a 1-bedroom, #5 & 6 being bachelor suites and #3 being a 2-bedroom. The 2nd building is 665sq.ft. with units #1 & 2 being bachelor suites. All units recently renovated in 2022 including an addition attached to unit #3, a new furnace that services units #3 & 4 and new 200-amp main electrical service with 100-amp sub-panels and a 10 year old flat roof consisting of torch-down membrane. Unit #4 has a small basement of about 10'x10' with all the plumbing piping. All tenants wish to stay. However, if you're planning to live in one unit and run your AirBnB business, that is always an option. Current owner used to do that, and it was very successful due to its proximity to Waterton National Park averaging between $100 - $150/night per unit. Call your favorite Realtor today and schedule a viewing!!

Inclusions: Washers x 5, Dryers x 5, Stainless Steel fridges x 6, Stoves X 5, Micorwaves x 6, central air conditioner, window air conditioners, air make-up unit (not hooked up), and furnace.

Property Features:

  • Built in: 1940
  • Construction Materials: Brick, Concrete, Other, Wood Frame
  • Cooling: Central Air, Other
  • Floor Space (approx): 3092.00 Square Feet
  • Foundation Details: Poured Concrete, See Remarks, Slab
  • Heating: Forced Air, Space Heater
  • Interior Features: High Ceilings, Natural Woodwork, See Remarks, Separate Entrance
  • Lot Size: 3840.00 Square Feet
  • Property Access: Direct Access, On Major Traffic Route, Visual Exposure
  • Roof:
  • Zoning: Central Commercial

Courtesy of: Real Estate Centre - Lethbridge

Data provided by: Lethbridge And District Association Of REALTORS® 516 6 St. S, Lethbridge, Alberta T1J 2E2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved