It is a money-making property for sale. Nestled amidst the picturesque landscapes of Southern Alberta, Magrath is not just a town; it's a close-knit community with a current population of approximately 2435. One hour driving to Del Bonita Border and one hour driving to Waterton National Park.This property is situated on the Magrath main road, corner lot, around the Grocery store, Civic building, and dentist.The building was built in 1940 and many improvements have been made over the years. There are two buildings on the property, the main building is about 2240 sqft with units 3,4,5 and 6. The second building is about 665 sqft., units 1 and 2, which are called bachelor suites. 6 units in total.All units were renovated in 2022 including an addition attached to unit #3, 1 new furnace that services units 3,4, 5, and 6, and a new 200-amp main electrical service with 100-amp sub-panels and a 10-year-old flat torch-down roof. Unit 4 has a small basement of about 10’x10’ with all the plumbing piping. All tenants wish to stay.The Current owner used to run the Air BnB business, and it was remarkably successful due to being close to the Waterton National Park, averaging between $100-$150/night per unit. The Owner said there were no vacancies over the years. High-demanding place. Call your favorable agent schedule to view (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Listing Contract Date
2024-08-08
Municipal ID
0019884840
Ownership Type
Freehold
Plan
3046H
Property Type
Business
Transaction Type
For sale
Zoning Description
Central Commercial
Building
Constructed Date
1940
Size (Exterior)
3056 square feet
Total Finished Area
3056 sqft
Type
Multi-Family
Land
Total Size
Unknown
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
