FOR SALEMulti-Tenant Flex Investment
540 – 36 Street North
Lethbridge, AB
Contact for pricing
Offering price on request
Building Area
22,375 SF
2025 Total Income
$242,351
2025 Net Income
$126,158
2026 Annualized NOI
$149,332
Overview
Multi-Tenant Flex Investment
Established multi-tenant flex commercial property in north Lethbridge with a diversified tenant roster and growing income.
Highlights
Property Highlights
- Diversified tenant roster across trade, service and commercial occupancies
- 2025 total income exceeded the reported budget by 26.9%; 2025 net income was 13.3% above budget
- 2026 year-to-date total income is 12.4% above budget through July
- 2026 annualized run rate of $265,425 total income (+9.5% vs. 2025) and $149,332 net income (+18.4% vs. 2025)
- Commercial rent plus operating-cost recoveries provide multiple income streams
- Representative tenants include Platinum Lighting, Down to Earth Labs Inc., Livestock Identification Services Ltd., Otis Elevator Company, Reliance Comfort LP and Southern Shield Customs
Details
Property Details
| Asset Type | Multi-unit flex building |
| Building Area | 22,375 SF |
| Income Profile | Commercial rent + operating recoveries |
| 2025 Total Income | $242,351 |
| 2025 Net Income | $126,158 |
| 2026 YTD Net Income (Jul) | $87,110 |
| YTD Net Margin | 56.3% (2025: 52.1%) |
Location
Location & Market
Located in north Lethbridge’s established commercial and light-industrial corridor. Financial information is drawn from owner monthly reports for December 2025 and July 2026 and has not been independently audited; annualized figures are illustrative only.
Interested in this property?
Contact Greg Condon for a tour, financials, or to make an offer.