REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,600,000
Est. payment | /mo
24,400 SqFt
$ 4,600,000
Est. payment | /mo
24,400 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 24,400 sqft
Price per Sqft $188
MLS Listing ID A2299789
Year Built 1912
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Mixed Use
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
Zoning C-D
Interior
Inclusions 3 washers, 3 dryers, residential appliances
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions Encroachment,Rental
Listed by AVISON YOUNG