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$239,900

10, 115 Lafayette Boulevard W

Varsity Village, Lethbridge · MLS® A2325819

311

954 sq ft · Townhouse · Single Family · built 1977 · 89 days on market

listed by Miles Godlonton, Lethbridge Real Estate.com

realtor's description

First-time buyers, university students, parents, and newcomers! This affordable, move-in-ready townhouse in sought-after Varsity Village is just minutes from the University of Lethbridge. Why pay rent when you can build equity?Enjoy a bright, renovated interior featuring a modern white kitchen with quartz countertops, stainless steel appliances. Three spacious bedrooms provide plenty of room for family, roommates, or a home office, full undeveloped basement with hi-efficiency furnace.This location can't be beat. Close to campus, parks, walking paths, transit, shopping, and all West Lethbridge amenities.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 1
living area: 954 sq ft
parking: 1
year built: 1977
property tax: $2,163 / yr
strata fee: $300 / mo ($0.31 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 89
MLS®: A2325819

features

See remarks
Other
Pets Allowed With Restrictions
Refrigerator
Range - Electric
Dishwasher

city assessment

$206,000

2026 assessment · market value as of July 1, 2025

Up 17.0% from $176,000 in 2025
Asking price is 16% above the assessment
Lot 7,323 m² (78,824 sq ft)

roll year	assessed
2026	$206,000
2025	$176,000
2024	$159,000

From City of Lethbridge open data (parcels and assessments), matched to 10-115 LAFAYETTE BLVD W. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,163 a year

The 2026 assessment times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).

The listing shows $2,163 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,525/mo

Mortgage $1,045 · Tax $180 · Strata $300

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,045/ monthly

loan $191,920

25-year amortization

down payment20% · $47,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $121,646
land title fees: $535; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $48,515; down + land title fees
total paid: $313,566

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,740/mo
after all costs: −$99/mo
cap rate: 4.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,045 · tax $180 · strata $300 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Lethbridge: CMHC's average there ($1,683) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca