An incredible opportunity to own a fully operational 10-unit multi-family property in the heart of Lethbridge. This purpose-built 10-plex features nine fully furnished one-bedroom suites and one unfurnished long-term suite, all designed for strong income generation and minimal vacancy.
?? Property Features
9 furnished 1-bedroom units with kitchens & 3-pc bathrooms
1 unfurnished long-term 1-bedroom unit
Each suite equipped with its own hotel-style heat/AC unit
Shared laundry (washer & dryer in common area)
High-quality furnishings, bedding, linens & big-screen TVs included
Fully stocked kitchens with appliances, dishes & utensils
Individual internet routers & programmable WiFi door locks for each unit
Outdoor storage shed with shovels, brooms & maintenance tools?? Location Benefits
Situated close to downtown Lethbridge amenities, transit, and schools
Walkable neighborhood with excellent rental demand
Flexible property strategy: continue current STR/LTR mix or convert to all long-term rentals
? Investor Ready
This property comes fully furnished and equipped—turn the key and start collecting rent. With strong financial performance and professional management potential, this 10-plex is an ideal addition to any investor’s portfolio.More details
No. of Buildings: One (1) stand-alone structure
Total Size: ± 9,420 sq. ft. (leasable); ± 8,520 sq. ft. (footprint)
Main Building: ± 6,000 sq. ft.
Mezzanine: ± 900 sq. ft.
Addition (2015): ± 2,520 sq. ft.
Year Built: 1981 (main) with addition in 2015
Effective Age: 20 years | Remaining Economic Life: 55 years
Foundation: Reinforced concrete
Structure: Wood frame construction
Exterior: Metal cladding (redone in 2015); ceiling height ± 20’
Roof: Gable, metal-clad, visually confirmed in good condition via drone review
Windows/Doors: Double-paned PVC windows; four (4) 14’x16’ insulated, powered overhead doors; steel pedestrian doors
Office/reception space with tile and vinyl plank flooring
Two (2) washrooms on the main floor
Mezzanine with office, lunchroom, and storage
Shop area with concrete floors, painted OSB/metal walls, newer LED lighting
Heating/Cooling: Gas-fired tube heaters in shop; forced hot air with A/C for office
Plumbing: Large electric hot water tank (2 years old)
Electrical: 3-phase, 200-amp main service with 400-amp capacity at pole; considered adequate for facility needs
The property is designed for functional industrial use, with a large concrete parking pad in front of the 2015 addition and four (4) concrete aprons for heavy equipment access.
Secure, fully fenced yard with dual gated access
Ample concrete parking and aprons
Flexible Rural General Industrial (RGI) zoning
Good visibility, functionality, and expansion potentialMore details
Data was last updated October 16, 2025 at 06:05 AM (UTC)
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