306 Prairie Garden Way S

Arbour Ridge, Lethbridge · MLS® A2315125

0 sq ft lot · Land · Vacant Land · 91 days on market

listed by Dell Mathews, REAL BROKER

realtor's description

Welcome to Prairie Arbour Estates! This community is the premier destination for estate living in south Lethbridge and serves as the benchmark for upscale developments in southern Alberta. Prairie Arbour Estates boasts unrivalled views of Sixmile Coulee and easy access to walking trails and the spectacular Prairie Arbour Park. This 0.37 acre lot sits across from the beautiful park and pond area and has early morning sunrise views from the front and sunset views at the rear. Pond view lots are in limited quantity and lots of this depth and size are even more limited. Comparative market value for a lot of this size and location makes this property a tremendously valuable investment.

property details

type: Land, Vacant Land
lot: 0 sq ft
parking: 0
property tax: $3,592 / yr
days on market: 91
MLS®: A2315125

city assessment

$342,000

2026 assessment · market value as of July 1, 2025

Up 0.0% from $342,000 in 2025
Asking price is 2% above the assessment
Lot 1,505 m² (16,200 sq ft)

roll year	assessed
2026	$342,000
2025	$342,000
2024	$324,000

From City of Lethbridge open data (parcels and assessments), matched to 306 PRAIRIE GARDEN WAY 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 $3,592 a year

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

The listing shows $3,592 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

$1,820/mo

Mortgage $1,521 · Tax $299

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

estimated payment

$1,521/ monthly

loan $279,200

25-year amortization

down payment20% · $69,80020%+ 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: $176,968
land title fees: $730; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $70,530; down + land title fees
total paid: $456,168

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