407 7th Street

Picture Butte · MLS® A2345967

322

967 sq ft · 6,250 sq ft lot · House · Single Family · built 1965 · 37 days on market

listed by LEEON HAGE, RE/MAX REAL ESTATE - LETHBRIDGE (PICTURE BUTTE)

realtor's description

Calling all landlords and investors. Turnkey little rental property in Picture Butte, with quality tenants already in place, and willing to stay! 407-7th Street in Picture Butte is a rock solid 967 sq ft Bungalow style home with 2+2 bedrooms and 2 bathrooms, with newer kitchen cupboards. Exterior upgrades include hardy board siding, roof, Peka roll shutters, paving stone driveway, and zero maintenance front landscaping. The back yard is massive, perfect for your littles or fur babies! Plus, it is ideally located between two schools, meaning you are only a 2 minute walk to multiple playgrounds and less than 5 minutes to the dog park and the lakeside walking trails! Great home, great price! Lets make it happen! ** Note, some photos have been altered using AI filters**

property details

type: House, Single Family
bedrooms: 3
bathrooms: 2
living area: 967 sq ft
lot: 6,250 sq ft
parking: 2
year built: 1965
property tax: $2,554 / yr
days on market: 37
MLS®: A2345967

features

See remarks
Back lane
Refrigerator
Stove
Washer & Dryer

property tax

about $3,363 a year

The asking price times Picture Butte's 2026 residential rate of 9.61 per $1,000 (municipal and education).

The listing shows $2,554 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.

monthly cost

$1,737/mo

Mortgage $1,524 · Tax $213

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

estimated payment

$1,524/ monthly

loan $279,920

25-year amortization

down payment20% · $69,98020%+ 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: $177,424
land title fees: $730; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $70,710; down + land title fees
total paid: $457,344

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