Downtown, Lethbridge · MLS® A2353503
221
1,270 sq ft · Condo · Single Family · built 1998 · 1 day on market
listed by Mike Leier, Century 21 Foothills South Real Estate
Welcome to River Ridge, one of Lethbridge's most desirable 55+ adult living communities! This spacious 2-bedroom, 2-bathroom corner unit offers an exceptional combination of comfort, convenience, and lifestyle. Situated on the third floor, its desirable corner location provides beautiful, expansive views and a sense of openness that truly sets it apart from many other units in the building. One of the standout features is the enclosed balcony, offering the perfect place to relax, enjoy the scenery, and extend your enjoyment of the space well into the cooler months.Inside, you'll appreciate the generous living areas, functional kitchen with ample cabinetry, dedicated dining space, and inviting living room complete with a cozy fireplace. The spacious primary bedroom features a walk-in closet and private ensuite, while the second bedroom offers plenty of flexibility for guests, hobbies, or a home office. Convenient in-suite laundry and additional storage make everyday living that much easier.Of course, life at River Ridge is about much more than the condo itself! Residents enjoy an impressive selection of amenities, including an indoor swimming pool, hot tub, saunas, fitness room, games room with pool tables and shuffleboard, library, woodworking shop, craft room, social gathering spaces, and guest suites for visiting family and friends. Heated underground parking, a car wash, and beautifully maintained common areas add even more convenience.Located near the scenic coulees and Indian Battle Park, with nearby walking trails and easy access to downtown shopping, restaurants, and amenities, River Ridge offers a wonderful balance of peaceful living and an active community. Whether you're downsizing or simply looking for a more relaxed, maintenance-free lifestyle, this exceptional corner unit offers the space, amenities, and views to make you feel right at home!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,869 · tax $326 · strata $760 · 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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about $4,505 a year
The asking price times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $3,917 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. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 71/100 · Walkable: many errands on foot
Within a 10 minute walk: 27 places to eat or drink, 3 cafes, 1 park or playground, 2 pharmacies.
mihom score from OpenStreetMap places, by straight line distance.