54 S 1 St W Magrath, Alberta T0K 1J0

$740,000

Welcome to Susan's Place. Built in 1940 and served as many retail uses including a restaurant just before becoming a residential space. These structures are demised into six (6) residential units now with the apartment building being of wood-framed construction on a poured concrete foundation and slab with brick exterior walls. The motel building is of concrete block (cbl) construction on a poured concrete foundation of only 4' feet high as a crawl space and spreads all underneath the floor. A 10 year old flat roof consisting of torch-down membrane protects both buildings. The apartment building has four (4) units totaling 2,240sq.ft with units 4, 5 & 6 being bachelor suites and 3 being a 2-bedroom. Unit #6 has an urban touch to it with an exposed brick wall and beautiful custom made ceilings. Astonishing renovations in unit 3 that include granite countertops, maple cabinetry, vinyl flooring and stainless steel appliances (all units have stainless steel appliances by the way). The master bedroom is of decent size and has a beautiful ensuite bathroom with his/hers sinks. And in case you feel like spending the weekend at the cabin, well, you don't have to go far, as for just next to this unit you'll find an addition that was built covered in wood-slats from floor to ceiling that even smells like the you're out at the cabin. A gas fired FHA furnace services units 3 & 4 and the rest of the units are serviced by baseboard electric heaters. 200-amp main electrical service with 100-amp sub-panels in the units. Unit 4 has a small basement of about 10'x10' and that is where all the octopus piping is for water and sewer. All tenants wish to stay with some of them being long term good tenants. However, if you're planning to live in one unit and run your AirBnB business, that is always an option. Current owner used to do that and it was very successful due to its proximity to Waterton National Park averaging between $100 - $150/night per unit. Call yo ur favorite Realtor today and schedule a viewing!! (id:43352)

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https://www.realtor.ca/real-estate/26811505/54-s-1-st-w-magrath