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20, 1814 Mayor Magrath Drive S
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An exceptional opportunity to acquire a well-established and successfully operating barbecue restaurant in a prime, high-traffic location in Lethbridge. Situated along a major commercial corridor, this business benefits from excellent visibility, consistent foot traffic, and a strong, loyal customer base.This turnkey operation is known for its high-quality, slow-smoked meats and authentic barbecue offerings, delivering a consistent and flavorful dining experience that keeps customers coming back. The menu is thoughtfully curated with popular items and strong margins, making it both efficient and profitable.The business is fully equipped with professional-grade kitchen equipment, a well-designed layout, and streamlined operations already in place. It has built a solid reputation in the community and continues to perform steadily with significant potential for further growth through expanded marketing, catering, or extended hours.Ideal for an owner-operator or investor, this is a rare chance to step into a proven concept with an established brand presence, trained staff, and immediate cash flow.Don’t miss this opportunity to own a thriving food business in one of Lethbridge’s busiest retail areas. (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 May 22, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.