Downtown, Lethbridge · MLS® A2341783
221
1,027 sq ft · Condo · Single Family · built 1995 · 53 days on market
listed by BRYAN PEREVERSEFF, Royal Lepage South Country - Lethbridge
Welcome to Unit 208, 75 1 Avenue S, a beautifully maintained and updated 55+ condo in the highly sought-after Rio Vista Villas, offering comfortable, low-maintenance living in a prime south Lethbridge location just steps from downtown amenities and the scenic coulees. Rarely do units like this become available, featuring 2 bedrooms, 2 bathrooms, and a functional layout with the bedrooms positioned on opposite sides of the unit for added privacy. The bright open-concept kitchen, dining, and living area is filled with natural light, while the enclosed balcony with a newly installed screen door extends the living space. Recent updates include newly painted walls, new vinyl flooring in the living area and bedrooms, new linoleum flooring in the kitchen and bathrooms, and newly installed higher pedestal toilets. Additional features include in-suite laundry, a private storage locker, and heated underground parking with access to a convenient car wash bay. The building is equipped with two elevators and offers an exceptional range of amenities designed to support an active and social lifestyle, including a fitness centre, social room, Sunrise Lounge, craft room, workshop, library, gazebo, and recreation areas featuring pool tables, ping pong, shuffleboard, and darts. Conveniently located close to shopping, restaurants, parks, walking paths, highway access, and all downtown services, Rio Vista offers an outstanding opportunity for spacious and carefree adult living. With its desirable location, functional layout, extensive amenities, and beautifully maintained condition, Unit 208 is a rare opportunity you won’t want to miss. Please view the video walkthrough in the links tab or on YouTube by searching for the home address; this is a home you’ll want to experience in full.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,372 · tax $236 · strata $534 · 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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$270,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $270,000 |
| 2025 | $225,000 |
| 2024 | $205,000 |
From City of Lethbridge open data (parcels and assessments), matched to 208-75 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 $2,836 a year
The 2026 assessment times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $2,836 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 66/100 · Walkable: many errands on foot
Within a 10 minute walk: 19 places to eat or drink, 2 cafes.
mihom score from OpenStreetMap places, by straight line distance.