35 S 2 Street W, Magrath

35 S 2 Street W, Magrath, AB T0K1J0 Photo 1

14 Photos

35 S 2 Street W, Magrath, AB T0K1J0 Photo 2
35 S 2 Street W, Magrath, AB T0K1J0 Photo 3
35 S 2 Street W, Magrath, AB T0K1J0 Photo 4
35 S 2 Street W, Magrath, AB T0K1J0 Photo 5
35 S 2 Street W, Magrath, AB T0K1J0 Photo 6
35 S 2 Street W, Magrath, AB T0K1J0 Photo 7
  • Living area: 3042 square feet
  • MLS®: a2100918
  • Added: 105 days ago

Property Details

Fantastic opportunity to purchase a 6 unit multifamily property located in the Town of Magrath (only a 20 minute drive from Lethbridge). This 6 plex was completed in 2010 and has 3 units up and 3 units down. Each are about 1000 square feet and include 2 bedrooms, 1 bath, a kitchen, a dining area, and a living room. The top units have air conditioning and also have access to a deck off the back. The lower units have a covered entrance and have in-floor heat as well as forced air. Each unit has it's own furnace and on-demand water heater. The spacious bathrooms include a tub/shower and a separate walk-in shower. The kitchens have plenty of cupboards and counters and each have an island for more storage and work space. The units were designed for accessability with larger door and hallway openings. The exterior is Hardie board and stone. The property has concrete ramps, concrete steps and a concrete parking pad. Each parking stall has an electrical outlet which is connected to it's individual unit. Each unit has its own electrical panel and meter. The properties permitted use is a Senior Supportive Housing Facility. It is located just a block away from most of Magrath's amenities including groceries, the post office, pharmacy and doctor's office. Come check out this great investment opportunity! (id:1945)

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Property Information

  • Tax Lot: S HALVES OF LOT 21 & 22
  • Cooling: Central air conditioning
  • Heating: Forced air, In Floor Heating, Natural gas
  • Tax Year: 2023
  • Tax Block: 34
  • Year Built: 2009
  • Living Area: 3042
  • Photos Count: 14
  • Lot Size Units: square feet
  • Parcel Number: 0019901180
  • Parking Total: 9
  • Structure Type: Multi-Family
  • Common Interest: Freehold
  • Road Surface Type: Paved road
  • Street Dir Suffix: West
  • Tax Annual Amount: 5325.77
  • Exterior Features: Stone
  • Building Area Total: 3042
  • Community Features: Age Restrictions
  • Foundation Details: Poured Concrete
  • Lot Size Dimensions: 7800.00
  • Zoning Description: Institutional/Recreation
  • Above Grade Finished Area: 3042
  • Above Grade Finished Area Units: square feet
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Nearby Places

Name Type Address Distance
Magrath Elementary School School 41 Centre St S 0.5 km
Heart's Haven Ranch School Hwy 844 12.9 km
Raymond Elementary School School N 200 W 15.7 km
The Good Samaritan Society Prairie Ridge Health 328 Broadway S 15.8 km
Raymond High School School 65 W 100 N Raymond 15.8 km
New Diamond Restaurant Restaurant 66 Broadway N 16.0 km
Esso Cafe 189 W 200 N 16.0 km
Stirling Mennonite Day School School Raymond 16.1 km
Burger Baron & Pizza Restaurant 189 Broadway N 16.1 km
St. Mary River (Alberta–Montana) The Saint Mary together with the Belly River and W... 23.5 km
Oldman Formation It consists primarily of sandstones that were depo... 23.6 km
Lethbridge Airport It is 10-15 driving minutes from the downtown area... 24.3 km
35 S 2 Street W mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 35 S 2 Street W. The current price of the property is $895,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $716,000. This would result in a monthly mortgage payment of $4,185 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree 40
University / Below bachelor level 10
Certificate of Qualification 15
College 45
University degree at bachelor level or above 50

Neighbourhood Marital Status Stat

Married 265
Widowed 20
Divorced 30
Separated 5
Never married 80
Living common law 20
Married or living common law 290
Not married and not living common law 135

Neighbourhood Construction Date

1961 to 1980 35
1981 to 1990 30
1991 to 2000 15
2001 to 2005 10
2006 to 2010 15
1960 or before 70
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