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655 Charlotte Street S
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Pincher Creek · Other · under $800,000. Alerts only send when there are new or meaningfully updated matching homes.
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Priced under appraised value is this fantastic, rare commercial / multi-family residential opportunity in the Pincher Creek! With strong visibility and flexible use potential, the building and property has been the site of the town fire hall and emergency services operations for many years. The property currently features approximately 5,874 sq. ft. on the main floor with a finished reception area, open lounge and kitchen, and two five-piece washrooms. The 1,420 sq. ft. mezzanine includes three offices, a boardroom, and two additional rooms, with separate exterior stair access at the rear. The building is equipped with seven 12' x 14' overhead doors and a hot water boiler system providing baseboard and forced air heat to office and shop areas. Situated on a beautiful parcel just over 20,000 sq. ft right on the Pincher Creek, the site allows for ample parking and circulation.Ideally positioned in Pincher Creek at the junction of Highway 6 and Highway 507, approximately 97 km west of Lethbridge, this property presents an excellent opportunity for a variety of commercial or multi family residential re-development options. (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).
Cash on cash
-6.69%
Cap rate
3.53%
GRM
16.6
Break-even rent
$4,506
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 Mar 31, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.