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130, 75 1 Avenue S
homes for sale · Lethbridge · Downtown
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$384,900

130, 75 1 Avenue S

Downtown, Lethbridge · MLS® A2345127

221

1,255 sq ft · Condo · Single Family · built 1994 · 40 days on market

listed by Michael Shanks, Lethbridge Real Estate.com

realtor's description

Welcome to Rio Vista, a beautiful 55+ community in the heart of Lethbridge. From the moment you walk into this beautiful 2 bedroom, 2 bathroom home, you will see the pride of ownership and attention to detail. This condo has been lovingly cared for and meticulously maintained over the years. The list of updates is extensive and includes flooring, paint, custom countertops, appliances, electrical, and so much more! Ask your REALTOR® for a complete list. One of the best located units in the building, 130 gives you the convenience of main floor living, while being above the actual ground level offering the security of higher floors. The corner location gives additional windows for natural light. With all the amenities you could want, Rio Vista is the perfect next step in your downsizing journey. Conveniently located close to shopping and main roads for easy travel to visit family. Your wait is over, come take a closer look today!

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property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,255 sq ft
parking
1
year built
1994
property tax
$3,371 / yr
strata fee
$654 / mo ($0.52 / sq ft)
strata rules
Pets not Allowed
days on market
40
MLS®
A2345127

buying in a building from 1982 to 2000: what to read first

features

  • Guest Suite
  • Parking
  • Pets not Allowed
  • See remarks

monthly cost

$2,612/mo
Mortgage $1,677 · Tax $281 · Strata $654

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

estimated payment
$1,677/ monthly
loan $307,920
25-year amortization
total interest
$195,172
land title fees
$795
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$77,775
down + land title fees
total paid
$503,092

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
$1,690/mo
after all costs
−$1,092/mo
cap rate
1.8%
yearly net rent ÷ price

Costs: mortgage $1,677 · tax $281 · strata $654 · 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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Michael Shanks
Lethbridge Real Estate.com
call Michael · 403-689-4485
Powered by: REALTOR.ca
▶ virtual tour

location

Downtown, LethbridgeGoogle Maps ↗

city assessment

$321,000

2026 assessment · market value as of July 1, 2025

  • Up 20.7% from $266,000 in 2025
  • Asking price is 20% above the assessment
  • Lot 17,824 m² (191,856 sq ft)
roll yearassessed
2026$321,000
2025$266,000
2024$239,000

From City of Lethbridge open data (parcels and assessments), matched to 130-75 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.

property tax

about $3,371 a year

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

The listing shows $3,371 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.

location

Downtown, LethbridgeGoogle Maps ↗
Drive times
  • Downtown Lethbridge3 min
  • Immanuel Christian High5 min
  • Park Place Mall5 min
  • Chinook Regional Hospital6 min
  • Mike Mountain Horse Elementary7 min
  • University of Lethbridge9 min
54

Walkability 54/100 · Somewhat walkable: some errands on foot

Within a 10 minute walk: 1 place to eat or drink, 1 cafe, 3 parks and playgrounds.

mihom score from OpenStreetMap places, by straight line distance.

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