4015 Mayor Magrath Drive S, Lethbridge

2026-02-11

4015 Mayor Magrath Drive S, Lethbridge, Alberta

9750 ft²
For Sale Other
$7,900,000

MLS®#A2285703

Fantastic Opportunity to acquire one of the last pieces of commercial land with frontage to Mayor Magrath Drive S. In Lethbridge - This property is 8 acres with 1.5 acres positioned in the Coulees(unusable). The usable 6.5 acres is located in the largest commercial corridor of the city. Ideas for use that come to mind could be retail, hotel, medical, mixed residential/commercial use, or other opportunities that would benefit from the current 25,000-30,000 VPD that this location sees. This property is surrounded immediately to the north by many big box stores(Walmart, Costco, Rona, Ashley Furniture, Best Buy, Home Depot, Superstore, Home Sense, The Brick, etc.), retail shops, restaurants, medical, and additional services. On a clear day you can see the mountain range(Chief Mountain) in the distance, and the topography of the coulees adds to the views that could be created from a multi-story building on this land. This location serves as the south end entrance to the city surrounded by some of the most expensive homes and real estate that Lethbridge has to offer, including two executive residential neighbourhoods($1million + homes) in South Ridge and Arbour Ridge Estates. It is also adjacent to Southgate which offers more homes that are traditionally higher priced than other locations in the city for the similar size properties. Suitable for a developer looking to own a nice piece of Lethbridge in a PRIME location. Buildings includes are a 8072 sf footprint building with 1678 sf in upper level offices/boardroom/mezzanine. There is also a 4 bed, 2 bath bungalow home with 3 car garage on the property that had extensive renovations in 2020, and has a month to month tenant. PLEASE DO NOT APPROACH ANYONE AT THE BUSINESS ON PROPERTY ABOUT A SALE! Call your Realtor® for more info. Land & Buildings Sale only. (id:32467)

Building Other
Rooms
Bedrooms
Bathrooms 0
Square Footage 9750 ft²
Built in 1983
Parking Type
Neighbourhood Lethbridge

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$500,000

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Your One Percent Realty
Commission savings†

$500,000

† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 3% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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What is the deal exactly, with One Percent Realty?

At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.

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What do you charge?

For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.

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Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.

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