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1303 Mayor Magrath Drive SOUTH, Lethbridge, AB, T1K 2R1

MLS® # A2165361
Commercial For Sale In Lakeview, Lethbridge, Alberta
$7,850,000
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
1303 Mayor Magrath Drive South, Lethbridge, AB
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1303 Mayor Magrath Drive SOUTH, Lethbridge, AB, T1K 2R1
$7,850,000

Property Information:

Sale of Property and Business together. Presenting a prime investment opportunity in the heart of Lethbridge, this property includes both the Ramada Inn by Wyndham and the Chinook Motel, offering a combined total of 86 rooms—66 in the Ramada and 20 in the Chinook. Centrally located, this property benefits from excellent visibility and accessibility, making it a popular choice for both leisure and business travelers. Additionally, the site features the True Swing Indoor Golf, a unique amenity that enhances the guest experience. With strong revenues and a well-established presence in the market, this property is an exceptional opportunity for investors seeking a high-performing hospitality business.

Inclusions: Hotel Furnitures And True Swing Indoor Golf Equipment

Property Features:

  • Built in: 1974
  • Floor Space (approx): 41084.00 Square Feet
  • Zoning: C-H

Courtesy of: Grand Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1303 Mayor Magrath Drive SOUTH, Lethbridge, AB, T1K 2R1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 1303 Mayor Magrath Drive SOUTH, experiences 7 hot days per year at around 31.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 36.1 degrees Celsius.

Projected Avg. Temperature

Past
31.8℃
2050
36.1℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

21/100

Moderate-Low

ClimateCheck®

Current data

This property, 1303 Mayor Magrath Drive SOUTH, experiences 10 significant 2-day storms per year, with about 190mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 204.5mm of precipitation per year.

Precipitation Per Storm

Past
190mm
2050
204.5mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1303 Mayor Magrath Drive SOUTH, Lethbridge, AB, T1K 2R1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,032.55

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.13 %

High school certificate or equivalent

32.8 %

Apprenticeship trade certificate/diploma

8.88 %

College/non-university certificate

25.09 %

University certificate (below bachelor)

0.58 %

University Degree

18.53 %

Commuter

Travel To Work

By Car

89.01 %

By Public Transit

0.0 %

By Walking

7.49 %

By Bicycle

0.0 %

By Other Methods

3.5 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.16 %

Houses

89.84 %

Own Vs. Rent

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