40, 1601 23 Street N
$219,900
40, 1601 23 Street N
Park Meadows, Lethbridge · MLS® A2351127
311
1,005 sq ft · 95,413 sq ft lot · Townhouse · Single Family · built 1974 · 16 days on market
listed by Brett Gurr, REAL BROKER
realtor's description
Welcome to Park Meadow Estates, located in the mature and established neighbourhood of Park Meadows in North Lethbridge! This well-cared-for, exceptionally clean 3-bedroom, 1-bathroom condo is move-in ready and offers plenty of potential for its next owner. The main floor and upstairs feature fresh paint and new laminate flooring, along with new PVC windows for added comfort and appeal. The spacious kitchen is bright, clean, and offers plenty of room to prepare meals and enjoy everyday living. Upstairs, you’ll find three generously sized bedrooms and a full bathroom, making this a great option for first-time buyers, families, or anyone looking for an affordable home with room to grow. Have smaller pets? The fenced backyard provides a great outdoor space for them to enjoy. The undeveloped basement offers a blank canvas to create additional living space, whether you envision another bedroom, a family room, a home office, or a recreation area. Conveniently located close to shopping, schools, ice rinks, and a swimming pool, this property offers excellent value in a well-established North Lethbridge community. Don’t miss your opportunity to make this clean, well-maintained condo your own!
property details
- type
- Townhouse, Single Family
- bedrooms
- 3
- bathrooms
- 1
- living area
- 1,005 sq ft
- lot
- 95,413 sq ft
- parking
- 1
- year built
- 1974
- property tax
- $1,701 / yr
- strata fee
- $345 / mo ($0.34 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 16
- MLS®
- A2351127
features
- Parking
- Pets Allowed With Restrictions
- Refrigerator
- Dishwasher
- Stove
- Microwave
monthly cost
$1,445/mo
Mortgage $958 · Tax $142 · Strata $345
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $1,740/mo
- after all costs
- −$19/mo
- cap rate
- 5.1%
- yearly net rent ÷ price
Costs: mortgage $958 · tax $142 · strata $345 · insurance ~$175 · 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
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