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5 S Avenue
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Beds
—
Baths
—
Sqft
5,000
Year
1988
Type
Business
On market
77d
Excellent opportunity to own a 4.8-acre RV park and campground in Southern Alberta, conveniently located just 15 minutes south of Lethbridge. The property offers prime access to popular destinations, including Waterton Lakes National Park (1 hour away), St. Mary Reservoir (15 minutes), and Jensen Dam (20 minutes). The Canada–U.S. border is only 30 minutes away, making it highly attractive for both local and international travelers.The property features 45 RV sites, 14 tent sites, and 3 cabins, along with a hall accommodating up to 100 guests, office space, storage, and a residential home with 4 bedrooms and 2 bathrooms. Airbnb operation is possible, providing additional income potential.Currently operating approximately 6 months per year, this easy to manage business offers significant upside for extended seasonal or year round operations. The owner resides on site, ensuring efficient management. A fantastic investment with strong growth potential. (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).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 11, 2026.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Magrath. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.