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505 7 Street S, Lethbridge

LCDT, Lethbridge

$850,000

About this property

This versatile mixed-use commercial property offers a unique blend of storefront visibility, flexible workspace, and residential income potential. Conveniently located to the Park 'n Ride Transit Terminal. The building features three ground-floor commercial units with excellent street exposure, making it ideal for retail, service, or professional use. The second level includes a spacious 2-bedroom residential apartment with private access—perfect for owner occupancy, rental income, or staff housing. An additional two private office spaces, ideal for small businesses or remote work setups, complete the secondo level. A single-car detached garage with back alley access adds further value for parking or storage

Essential information

MLS® number
A2286859
Status
Active
Price
$850,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
8,876 sq ft
Year built
1946
Structure
Low Rise (2-4 stories)
Listing brokerage
Bankers Commercial Real Estate
Source
Pillar 9™ MLS® System

Exterior and construction

Zoning
C-D

Community

Subdivision
LCDT
City
Lethbridge
Province
AB
Postal code
T1J 2G8

Where it is

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Approximate location, plotted from the listing’s own coordinates.

Investment calculator

Cap rate, cash flow and the coverage ratio a commercial lender will look at first.

Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.

The purchase

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The building

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MLS® data last updated Nov 8, 2026, 1:20 a.m. (Mountain Time).

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