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
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!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
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
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$321,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 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.
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.
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.