Downtown, Lethbridge · MLS® A2341999
221
1,321 sq ft · Condo · Single Family · built 1994 · 52 days on market
listed by Jennifer Brodoway, Lethbridge Real Estate.com
Ready to move into an adult condo, but not ready to give up your space? Take a look at the ground-level unit at Rio Vista. It has 2 bedrooms, 2 full bathrooms, and a den. At over 1300 square feet, it's much larger than most other adult condos available, making downsizing quite a bit easier. There is a large storage and laundry room, plus additional storage in the heated underground parking area. The price per square foot offers great value. This unit has some upgrades, flattened ceiling with potlights, high-spec vinyl flooring, stainless steel appliances in the kitchen, and primary bedroom A/C unit included for your complete comfort. Two bedrooms, plus a den ensure plenty of space whether it is for an office, your guests, or a hobby. The primary bedroom has three closets, and the ensuite has a walk-in shower! The open floor plan leaves room for a large dining table and a great room without leaving the cook alone in the kitchen. An oversized laundry room provides extra storage or perhaps creates a walk-in pantry? There is a heated underground parking spot right next to the elevator and a storage unit on the parking level too. Rio Vista is a wonderful adult complex with a great social club, lots of amenities, including a gym, a workshop, and guest suites. The condo corporation is forward-looking and proactive in repairs and replacements in and around the building. Call your agent for a viewing today as a condo of this size at this price point is rare to find. Vacant and ready for a quick possession.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,521 · tax $298 · strata $702 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Lethbridge: CMHC's average there ($1,593) raised by what new tenants pay against everyone in the Lethbridge area. (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
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$341,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $341,000 |
| 2025 | $280,000 |
| 2024 | $254,000 |
From City of Lethbridge open data (parcels and assessments), matched to 104-75 1 AVE S. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $3,581 a year
The 2026 assessment times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $3,581 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.
Walkability 68/100 · Walkable: many errands on foot
Within a 10 minute walk: 20 places to eat or drink, 2 cafes, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.