$740,000
FOR SALE

Multiplex

Lot: 9.75 x 36.57 m

54 S 1 St W
Magrath, AB T0K 1J0

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!! (id:47421)
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Listed By Real Estate Centre - Lethbridge
Data Provided By Lethbridge & District Association of REALTORS®
MLS® Listing Number A2126753
Last Updated May 23, 2024
Property Summary
Property Type Multiplex

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Price History

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Detailed Information
Lot 9.75 x 36.57 m
Features See remarks, Visual exposure
Listing Contract Date 2024-04-27
Management Company Self managed by owner
Municipal ID 0019884840
Ownership Type Freehold
Plan 3046H
Property Type Multi-family
Transaction Type For sale
Total Buildings 2
Zoning Description Central Commercial
Building
Constructed Date 1940
Construction Material Poured concrete, Wood frame
Cooling Type Central air conditioning, See Remarks
Exterior Finish Brick, Concrete
Fire Protection Smoke Detectors
Foundation Type Poured Concrete, See Remarks, Slab
Heating Type Forced air, Space Heater
Size (Exterior) 3092 square feet
Total Finished Area 3092 sqft
Type Multi-Family
Land
Total Size 3840 square feet
Size of Irregular Land 3840.00

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