DETAILS
MLS® NUMBER |
A2224859 |
BUILDING TYPE |
Detached |
PROPERTY CLASS |
Residential |
TOTAL BEDROOMS |
5 |
BATHROOMS |
2 |
SQUARE FOOTAGE |
1040 Square Feet |
YEAR BUILT |
1982 |
BASEMENT |
None |
GARAGE |
No |
TOTAL PARKING |
4 |
*********Walking Distance to the University of Lethbridge – High Cash Flow Investment!*********
This 5-bedroom home in West Lethbridge is perfectly located for student rentals, just minutes from the university on a quiet street. It features a brand new roof, walkout basement, private backyard, ample off-street parking, and spacious living areas—making it ideal for tenants.
Currently generating an average of $3,250/month in rental income, this property offers strong cash flow and excellent return on investment. A rare opportunity to own a high-demand rental in a prime location!
Investment Snapshot:
• Purchase Price: $330,000 (based on 20% down payment)
• Estimated Mortgage Payment: ~$1,750/month (4% interest)
• Estimated Property Tax: ~$280/month
• Estimated Utilities: ~$500/month
• Estimated Total Expenses: ~$2,530/month
• Current Average Rent: ~$3,250/month
This property has demonstrated strong rental demand and the potential for positive monthly cash flow, making it a promising option for investors seeking steady income and long-term value growth.
Whether you\'re expanding your portfolio or starting out, this is a high-return opportunity in one of the most sought-after rental areas in Lethbridge.
Contact your favourite agent today to book a viewing!
Listing Brokerage: Maxwell Devonshire Realty