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Reduced $50,000 (14%) from $349,900
1009 Mayor Magrath Drive S
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Golden opportunity to operate a well-established, fully licensed sushi restaurant in Lethbridge! This restaurant generates proven annual sales of approximately 1 Million dollars, supported by a strong base of repeat clientele, with further growth potential for a dedicated and motivated owner. Situated on the ground level of the Travelodge Hotel with 3,000 sqft of well-improved space, the restaurant accommodates up to 70 patrons with comfortable booth seating. The fully equipped kitchen is designed to handle high-volume service and includes a commercial dishwashing station, walk-in freezer, and walk-in cooler. The owner has successfully operated this restaurant for 11 years, and just signed 5yr lease last year, with option to renew for another 5 years. The gross lease includes all utilities & GST. Ideally located by a major road near a golf course, parks, well-known landmarks, and other popular retailers, the property benefits from excellent visibility & street exposure. And there is a huge parking lot for customers. Exceptional value! Don’t miss this opportunity! Please respect the business and do not visit without an appointment. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 3, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.