1501 16 Avenue S

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$500,000

1501 16 Avenue S

Agnes Davidson, Lethbridge · MLS® A2337987

1,675 sq ft · 8,172 sq ft lot · House · Multi-family · built 1941 · 26 days on market

listed by Courtney Atkinson, eXp Realty of Canada

realtor's description

Discover the possibilities at 1501 16 Avenue S. This full duplex in south Lethbridge offers two complete, single level homes in one sale. Each unit features two bedrooms, a four piece bathroom, a kitchen, a comfortable living area, and its own laundry. One unit also includes a pantry and a walk-in closet in the primary bedroom.Mature trees lend the property a welcoming feel, while yard space, off street parking, and nearby parks add to its everyday appeal. The heated triple garage has no windows for added privacy. It is currently unrented, although a request has been made to rent it for $600 per month.Each unit rents for $1,375 per month, providing $33,000 in annual gross rental income from the duplex. Whether you’re expanding your investment portfolio or considering a property where you could eventually live in one unit and rent the other, this duplex is worth a closer look. Book a viewing with your favourite REALTOR® today!

property details

type: House, Multi-family
living area: 1,675 sq ft
lot: 8,172 sq ft
parking: 2
year built: 1941
property tax: $3,413 / yr
days on market: 26
MLS®: A2337987

features

Refrigerator
Stove
Washer & Dryer

city assessment

$325,000

2026 assessment · market value as of July 1, 2025

Up 6.6% from $305,000 in 2025
Asking price is 54% above the assessment
Lot 759 m² (8,170 sq ft)

roll year	assessed
2026	$325,000
2025	$305,000
2024	$292,000

From City of Lethbridge open data (parcels and assessments), matched to 1501 16 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 $3,413 a year

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

The listing shows $3,413 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

$2,463/mo

Mortgage $2,178 · Tax $284

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

estimated payment

$2,178/ monthly

loan $400,000

25-year amortization

down payment20% · $100,00020%+ 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: $253,536
land title fees: $1,000; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $101,000; down + land title fees
total paid: $653,536

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