For Sale, 1131 Mayor Magrath Drive South, an 11,804 square foot retail asset with 28 parking spots and 2719 12 Ave S, a 16-stall parking lot. The Property is located along Mayor Magrath Drive South, one of Lethbridge’s busiest commercial corridors, with traffic counts exceeding 30,000 vehicles per day, providing exceptional visibility and long-term viability for tenants.
Its strategic location offers seamless connectivity to key arterial routes, surrounding residential neighborhoods, and major demand drivers, including the Lethbridge Polytechnic, and regional retail destinations.
The Property features a well-balanced mix of national and service-oriented tenants, including Dollarama, Luigi’s Pizza & Steakhouse, Macao Imperial Tea, a salon, and 28 Barbershop. This diverse tenancy creates a high-frequency consumer destination and a stable, diversified income stream. Ample on-site parking, as well as free city parking nearby, prominent signage exposure, and efficient ingress and egress further enhance the Property’s appeal to both tenants and investors.
From an investment perspective, the Property benefits from strong long-term fundamentals supported by Lethbridge’s growing population, diversified economy, and role as a regional hub for Southern Alberta. The surrounding area continues to experience steady commercial activity and redevelopment, reinforcing the corridor’s position as a dominant retail destination.
The Property represents an opportunity to acquire a well-located, highly visible commercial asset in one of Lethbridge’s most sought-after retail corridors, offering durable income and long-term upside potential.
LEGALLY SUITED BI-LEVEL ~ 4 BEDROOM, 2 BATHROOMS MAIN FLOOR LEAGAL SUITE & 2 BEDROOM, 1 BATHROOM LEAGAL SUITE ~ HEATED DOUBLE GARAGE & DOUBLE REAR PARKING PAD ~ As you approach this home, you will notice the outstanding curb appeal with many upgraded exterior finishings, including dual custom garage doors, two tone siding, exterior recessed perimeter lighting, 35-year shingles, and an inviting front veranda. The legal suites are completely self-contained (no interior access between legal suites) each with double concrete driveways and private entrances, two furnace rooms with high-efficiency furnaces, air exchange systems and commercial hot water tanks (legal suites are on separate utility services). The main legal suite features an open concept carpet free floor plan with four bedrooms, two bathrooms and plenty of natural light from the extra large triple pane casement windows and 9 foot ceilings. The kitchen offers a functional layout with beautiful hickory cabinetry with crown molding, ample counter space, a large kitchen pantry, and a garden door leading to the sunny south facing deck. The primary bedroom has a unique walk-in closet, four piece ensuite with dual sinks hickory cabinetry and a walk-in shower. Two additional bedrooms on the main floor are both generous in size with ample closet space. An additional bedroom is downstairs. A heated attached double garage with 10 foot ceilings and epoxy floors complete the legal suite. Other features include centrally located main floor laundry, large walk-in linen closet, four piece main bathroom and closets with swing doors and automatic lighting. The rear double driveway leads to the private level entry to the fully self-contained secondary legal suite with large triple paned windows and 9 foot ceilings. Open concept main living space has an L-shaped kitchen with light pine cabinets, ample counter space and a granite composite sink. The kitchen opens to a generous sized dining space and living room with south facing windows that allow for plenty of natural light. This legal suite is carpet-free, and has two bedrooms, four piece bathroom with Hickory cabinetry, laundry, plenty of storage space and its own utility room. Recent upgrades include replacement of all exterior door sets, garage furnace in 2025, stainless steel stove and microwave in 2026 and fencing in 2025. Located close to multiple parks, playgrounds and walking trails, with easy access to shopping, school, highway access and downtown Lacombe.
Listing Brokerage: Lime Green Realty Central
Welcome to this beautifully maintained 2-bedroom, 1-bathroom condo in the highly sought-after community of Canyon Meadows. Freshly painted and exceptionally well cared for, this move-in-ready home offers a bright, functional layout and the convenience of in-suite laundry. Step outside onto your balcony overlooking the peaceful courtyard—an ideal spot to enjoy your morning coffee or relax at the end of the day. Additional highlights include heated underground parking, a dedicated storage locker, and access to the building's gym, providing comfort, convenience, and an active lifestyle all in one place. Perfectly situated close to schools, shopping, restaurants, transit, and everyday amenities, with the endless walking and biking paths of Fish Creek Park just a short walk away. Whether you're a first-time home buyer, downsizer, or investor, this clean and well-kept condo offers exceptional value in one of Calgary's most established communities. Book your private showing today!
Listing Brokerage: Royal LePage Mission Real Estate
Excellent opportunity to acquire a well-established hotel/motel in a high-exposure Southern Alberta location positioned along the busy Highway 2 & Highway 3 corridor, approximately 90 minutes south of Calgary. This property benefits from consistent year-round traffic generated by tourism, agricultural activity, local events, and workforce accommodation, while also being ideally situated only 15 minutes from Head-Smashed-In Buffalo Jump, approximately 40 minutes to Waterton Lakes National Park, and within an hour of the U.S. border.
The property features 28 guest rooms along with a spacious owner/manager’s residence offering 4 bedrooms and 2 bathrooms, thoughtfully laid out with two bedrooms upstairs and two downstairs — an ideal setup for owner-operators or on-site management. During the winter season, the business maintains strong and stable cash flow through longer-term occupancy, with king kitchenette suites historically achieving approximately $1,300–$1,500/month.
Current ownership has completed renovations to five guest rooms, providing buyers with immediate upside potential through continued modernization and operational improvements. The motel generates approximately $350,000 in annual gross revenue, with the current owner reporting approximately $200,000/year in income inclusive of salary.
Situated on a large 35,937 sq.ft. (0.825 acre) site with a building size of approximately 14,706 sq.ft., the property offers excellent visibility, accessibility, and ample future potential. The roof and boiler system are estimated to have approximately five years of remaining life, allowing purchasers the ability to strategically plan future capital improvements while operating a stable and income-producing asset in a growing regional market.
Extensively upgraded mobile home with immediate possession available. Enjoy a bright, open floor plan featuring new flooring, fresh paint, and updated windows. Two bedrooms, each with its own ensuite, provide comfort and privacy. Additional updates include electrical, plumbing, heat tape, and underbelly insulation. Recently placed on a lot in Ponoka Prairie Mobile Home Park. Monthly pad rent is $500 (to be confirmed by buyer) and includes water, sewer, garbage, and road maintenance. A fantastic opportunity for first-time buyers or those looking to downsize.
Listing Brokerage: RE/MAX real estate central alberta
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