$4,600,000
Est. payment /mo
6,098 Sqft Lot
Active
Lethbridge, AB
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2299789
Year Built 1912
Annual Tax Amount $40,212
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Source Medicine Hat
Property Description
Mixed use property in downtown Lethbridge. Projected IRR of 14%, with 70% LTV, actual and market rents, and 2% appreciation on rents over a 10-year period. This property features a newly upgraded Building with 27 apartments and 7 commercial spaces plus a large 2 car garage – All brand new mechanical, heating, boilers, make up air units, hot water storage tanks, new fridges in the residential units, and electrical panels etc. New and newer roofs, as well as painted inside and out. New garage doors, all new led light fixtures inside and out, 2 brand new laundry rooms (2nd floor and basement) that include 3 washers and 3 dryers. Building is 24,400 sq. ft. Lot size is 50 x125 or 0.14-acres
Location
Province AB
County Lethbridge
Zoning C-D
Interior
Inclusions 3 washers, 3 dryers, residential appliances
Others
Restrictions Encroachment,Rental
Tax ID 101730382
Ownership Private
Listed by AVISON YOUNG