$4,600,000
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122 5 Street S, Lethbridge, AB T1J 2B2

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The subject property is a substantial mixed-use investment asset located in the heart of downtown Lethbridge, offering a combination of stable income and clear value-add potential. Over the past three years, the building has benefited from significant renovations and mechanical upgrades, including the replacement of major equipment such as the boiler. The property comprises 16, 547 sf across three levels, along with an additional 6, 155 sf basement. The main floor is primarily configured as commercial CRUs, while the second and third floors contain the residential component. In total, the building includes 27 residential units and seven retail units. Four residential suites and three commercial units are currently vacant, providing immediate upside through lease-up. Positioned directly across from Galt Gardens and only steps from The NBHD Block, 122 5 Street South occupies a highly visible and active location within downtown Lethbridge. The surrounding area is a vibrant mix of cultural, commercial, and residential activity, supported by steady pedestrian traffic and strong connectivity to transit and nearby amenities Current commercial tenants include Hole Lotta Love Professional Piercing Studio, Coulee Cannabis, Art + Craft Pizza, and Beirut Shawarma & Kabab.

Listing By: DOUG MERESKA - AVISON YOUNG cnpilar Realty.com
  • MLS® A2299789
  • Date Listed04/09/2026
  • Days on Realty 171 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.14 acres (6,098 sq. ft)
  • Subdivision Downtown
  • County Lethbridge
  • Year Built 1912

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.14
  • Lot Size SQFT 6,098.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T1J 2B2

Discover key demographics, population statistics, and environmental insights for the Lethbridge, AB area.

Walkability in AB / T1J 2B2

Source: Walk Score

76/100

Very Walkable

Walk Score ®

44/100

Some Transit

Transit Score ®

62/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

9 nearby routes: 9 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 29/100, Bike Score: 38/100.

Points of Interest near 122 5 Street S, Lethbridge, AB T1J 2B2

Frequently Asked Questions for 122 5 Street S

Source: Realty.com

122 5 Street S, Lethbridge, AB T1J 2B2 in Downtown, Lethbridge, AB T1J 2B2 is a mixed use listed at $4,600,000. Highlights include built in 1912, 0.14 acre lot. Realty.ca has 5 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 5 photos of 122 5 Street S.

Our records indicate that 122 5 Street S was built in 1912.

The full address for this home is 122 5 Street S, Lethbridge, AB T1J 2B2.

122 5 Street S has been listed on Realty.com since Thu April 09, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 29/100, Bike Score: 38/100.

Listing provided courtesy of: AVISON YOUNG (tel: 403-330-3338)
Listing agent: DOUG MERESKA (tel: 403-394-8239)

This content last refreshed on 2026-09-27 04:10:52. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.