416, 75 1 Avenue S

1 / 27

$269,900

416, 75 1 Avenue S

Downtown, Lethbridge · MLS® A2351610

111

784 sq ft · Condo · Single Family · built 1994 · 15 days on market

listed by Christopher DiPasquale, Lethbridge Real Estate.com

realtor's description

Welcome to Rio Vista, one of Lethbridge's most desirable adult condo communities! Located on the 4th floor, this beautiful 1-bedroom, 1-bathroom unit offers over 700 square feet of comfortable living space and arguably the most beautiful view in Lethbridge! Enjoy breathtaking, unobstructed views of the coulees and the incredible scenery that makes Southern Alberta so special. The functional layout offers a comfortable living space, perfect for those looking to downsize without sacrificing comfort. This unit also includes one heated underground parking stall and additional storage space. Rio Vista offers an exceptional lifestyle with fantastic amenities, including a fitness room, workshop, guest suites, and an active social community. Whether you're looking for a peaceful place to call home or the convenience of low-maintenance condo living, this property has plenty to offer. Opportunities to own a 4th-floor unit with views like these are rare. Come experience what might just be the most beautiful view in Lethbridge! Contact your REALTOR® today to arrange a private viewing.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 784 sq ft
parking: 1
year built: 1994
property tax: $2,479 / yr
strata fee: $423 / mo ($0.54 / sq ft)
strata rules: Pets not Allowed
days on market: 15
MLS®: A2351610

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

features

Parking
Pets not Allowed
Refrigerator
Dishwasher
Stove
Microwave

monthly cost

$1,805/mo

Mortgage $1,176 · Tax $207 · Strata $423

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

estimated payment

$1,176/ monthly

loan $215,920

25-year amortization

down payment20% · $53,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $136,859
land title fees: $590; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $54,570; down + land title fees
total paid: $352,779

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: $1,360/mo
after all costs: −$589/mo
cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,176 · tax $207 · strata $423 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Lethbridge: CMHC's average there ($1,370) lowered 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