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Home Communities Redwood 2025 Mayor Magrath Drive S
$699,000 Active
2025 Mayor Magrath Drive S · Lethbridge · T1K 2S2
bd ba 5,140 sqft $136/sqft Built 1960
MLS® A2319260 · Listed Jun 8, 2026
Listed by CIR Realty — Hyunil Koh, Thomas Koh
By the numbers

How this listing measures up

$/sqft $136
vs Redwood median
Sqft per bedroom
Year built 1960
Redwood avg DOM 130d

About this property

Revenue around $1.45 mil. Exceptional opportunity to acquire a newly established, fully equipped restaurant business in a high-traffic area of Lethbridge. Setup just about a year ago, this modern 5,140 sq.ft. space features a bakery section, brand-new premium equipment, and high-end leasehold improvements, offering a completely turnkey operation. The business is already generating strong, high-volume sales with excellent growth potential. Due to unforeseen circumstances, the current owner is highly motivated to sell quickly, making this an incredible value-add opportunity for experienced restaurateurs or investors. Complete asset lists, lease details, and financials are available upon request. Do not miss out on this rare, high-potential asset!

Property details

InclusionsN/A
Year built1960
PossessionNegotiable
RestrictionsNone Known
NeighbourhoodRedwood
List AORCalgary

Location

Sold comparables in Redwood

2 recent sales in Redwood

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About Redwood

AI-generated summary

Redwood is a quiet, established inner-city neighbourhood in northwest Calgary with a laid-back residential feel and strong community roots. Its mature tree-lined streets give it a settled, unhurried character.

Average days on market is notably high at 130 days, suggesting a slower, more patient buyer pool in this community.
Redwood borders the Nose Creek pathway system, offering accessible green space and recreational trails.
Its proximity to downtown Calgary makes it an affordable alternative to pricier inner-city neighbourhoods to the south.
Housing
The area features predominantly older single-family detached homes and bungalows, with some infill development gradually modernising the housing stock.
Transit
Redwood is served by Calgary Transit bus routes with reasonable access to Centre Street and connections to the broader CTrain network, making car-free commuting feasible for many residents.
Amenities
Residents are close to Nose Hill Park, local shops along Centre Street North, and everyday essentials including grocery stores and schools within a short drive or bike ride.
Who lives here
The neighbourhood tends to attract budget-conscious families, long-term homeowners, and first-time buyers drawn by relatively affordable inner-city pricing.
Full Redwood community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: CIR Realty — Hyunil Koh, Thomas Koh.