We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Reduced $54,000 (36%) from $150,000
1515 Mayor Magrath Drive S
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Lethbridge · Business · under $125,000. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Ready to own a profitable, turnkey restaurant in Lethbridge, Alberta?This well-established quick-service restaurant has built a strong local following, known for its diverse, crowd-pleasing menu featuring signature chicken wings (wet and dry flavours), fan-favorite sides like tornado potatoes, French fries, onion rings, and mac & cheese, along with popular lunch specials that keep customers coming back.Designed for efficiency and ease of operation, this business is ideal for entrepreneurs or family operators seeking a manageable, income-generating opportunity. The restaurant is fully operational, with consistent cash flow and a streamlined setup that allows for a smooth transition.The sale includes all equipment, fixtures, and a fully equipped commercial kitchen, along with the necessary licenses. Comprehensive training will be provided to ensure continued success under new ownership.Located in a high-visibility area of Lethbridge, the business benefits from strong brand presence and ongoing growth in the surrounding community. No additional setup is required—step in and start operating from day one.Business Details:•Base Rent: $2,260/month + GST•Sale Type: Asset Sale•Size: 1,130 sq. ft.This is a rare opportunity to acquire a ready-to-run restaurant with solid fundamentals and room for continued growth. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 26, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.