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Pemberton Holmes Ltd.

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311, 401 Columbia Boulevard W
homes for sale · Lethbridge · Varsity Village
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$238,999

311, 401 Columbia Boulevard W

Varsity Village, Lethbridge · MLS® A2325825

311

864 sq ft · Condo · Single Family · built 1983 · 88 days on market

listed by Ryan Godlonton, Lethbridge Real Estate.com

realtor's description

IN-SUITE LAUNDRY ! Completely renovated and move-in ready! This beautifully updated 3-bedroom condo in West Ridge Manor, minutes from the U of L, shopping, restaurants, parks, and transit, this is the perfect opportunity for students, first-time buyers, families, or investors. The spacious living room offers plenty of room to relax or entertain, while the flexible third bedroom/den provides options for guests, a home office, or additional living space. You'll also love the convenience of in-suite laundry, generous storage, and large windows that fill the home with natural light.If you've been searching for a home where all the work has already been done, this is it. Simply move in, unpack, and enjoy maintenance-free condo living in a fantastic westside location.

property details

type
Condo, Single Family
bedrooms
3
bathrooms
1
living area
864 sq ft
parking
1
year built
1983
property tax
$1,775 / yr
strata fee
$353 / mo ($0.41 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
88
MLS®
A2325825

buying in a building from 1982 to 2000: what to read first

features

  • See remarks
  • Other
  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator
  • Range - Electric
listed by
Ryan Godlonton
Lethbridge Real Estate.com
call Ryan · 403-331-9621
Powered by: REALTOR.ca
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monthly cost

$1,542/mo
Mortgage $1,041 · Tax $148 · Strata $353

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

estimated payment
$1,041/ monthly
loan $191,199
25-year amortization
total interest
$121,190
land title fees
$535
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$48,335
down + land title fees
total paid
$312,389

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
$1,740/mo
after all costs
$24/mo
cap rate
5.3%
yearly net rent ÷ price

Costs: mortgage $1,041 · tax $148 · strata $353 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Lethbridge: CMHC's average there ($1,683) raised 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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

location

Varsity Village, LethbridgeGoogle Maps ↗

city assessment

$169,000

2026 assessment · market value as of July 1, 2025

  • Up 9.7% from $154,000 in 2025
  • Asking price is 41% above the assessment
  • Lot 13,981 m² (150,490 sq ft)
roll yearassessed
2026$169,000
2025$154,000
2024$142,000

From City of Lethbridge open data (parcels and assessments), matched to 311-401 COLUMBIA BLVD W. 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 $1,775 a year

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

The listing shows $1,775 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.

location

Varsity Village, LethbridgeGoogle Maps ↗
Drive times
  • Mike Mountain Horse Elementary2 min
  • Chinook High4 min
  • University of Lethbridge4 min
  • Downtown Lethbridge5 min
  • Park Place Mall7 min
  • Chinook Regional Hospital8 min
45

Walkability 45/100 · Somewhat walkable: some errands on foot

Within a 10 minute walk: 1 place to eat or drink, 7 parks and playgrounds, 2 schools, 6 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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