2, 2402 23 Street N

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$199,800

2, 2402 23 Street N

Winston Churchill, Lethbridge · MLS® A2349212

221

472 sq ft · Townhouse · Single Family · built 1975 · 12 days on market

listed by TAD CONSTABLE, Royal Lepage South Country - Lethbridge

realtor's description

Extensively modernized 4-plex condominium at an affordable price. Ideal for a 1st Time Buyer, downsizing, or adding to your investment portfolio. This back corner unit has updates that include maple kitchen cabinetry, newer countertops & backsplash, 5 major appliances, lighting & plumbing fixtures, PVC windows & a high efficiency furnace. Other features include walk-in closets, 1 ½ baths, balcony off of the living room & storage space. Conveniently located near schools, playgrounds, transportation & shopping.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 2
living area: 472 sq ft
parking: 1
year built: 1975
property tax: $1,827 / yr
strata fee: $175 / mo ($0.37 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 12
MLS®: A2349212

features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

monthly cost

$1,198/mo

Mortgage $871 · Tax $152 · Strata $175

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

estimated payment

$871/ monthly

loan $159,840

25-year amortization

down payment20% · $39,96020%+ 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: $101,313
land title fees: $460; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $40,420; down + land title fees
total paid: $261,153

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: $182/mo
cap rate: 6.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $871 · tax $152 · strata $175 · insurance ~$175 · 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