1515 Mayor Magrath Drive S, Lethbridge
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:1945)
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Property details for 1515 Mayor Magrath Drive S, Lethbridge
- Type
- Commercial
- Living Area
- 1,130 square feet
Nearby Listings Stat
Estimated price and comparable properties near 1515 Mayor Magrath Drive S
Active Listings
98
Min Price
$96,000
Max Price
$7,900,000
Avg Price
$582,593
Days on Market
146
days
Sold Listings
35
Min Sold Price
$216,000
Max Sold Price
$665,000
Avg Sold Price
$478,508
Days until Sold
45
days
Neighbourhood Census Data
Lethbridge, Alberta
Population
519
Median Age
38
Median Income
$31,360
Dwelling Value
$264,919
Housing Tenure
Owners 65%
Renters 33%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 1,998.5/km²
Avg Shelter Cost: $1,029/mo
Owners with Mortgage: 51.6%
Owners Spending 30%+: 12.9%
Tenants Spending 30%+: 37.5%
English only: 96.2%
English and French: 3.8%
Median Household Income: $69,760
Median Employment Income: $31,296
Price History
Listed
April 25, 2026
by Maxwell Devonshire Realty
Current Price
$96,000
-36% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $96,000 | $54,000 (-36%) |
| Jun 26, 2026 | $150,000 | Listed |