28 Brownstone RD
$195,000
28 Brownstone RD
Hearthstone (Lacombe), Lacombe · MLS® E4513515
22
1,280 sq ft · 501 m² lot · Townhouse · Single Family · built 1993 · 5 days on market
listed by Denis Rowley, RE/MAX Elite
realtor's description
Two bedroom rowhouse right next to the airport. Home will need some love and is being sold as is
property details
- type
- Townhouse, Single Family
- bedrooms
- 2
- bathrooms
- 2
- living area
- 1,280 sq ft
- lot
- 501 m²
- parking
- 0
- year built
- 1993
- days on market
- 5
- MLS®
- E4513515
features
- Corner Site
- See remarks
- Level
- See remarks
monthly cost
$850/mo
Mortgage $850
20% down at 4.34% fixed (Ratehub.ca), 25 years.
if you rented it out
- rent
- $1,440/mo
- after all costs
- $300/mo
- cap rate
- 7.1%
- yearly net rent ÷ price
Costs: mortgage $850 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Lacombe: CMHC's average there ($1,451) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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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