5, 5 Tartan Boulevard W, Lethbridge — $249,900 · mihom.ca

city assessment

$230,000

2026 assessment · market value as of July 1, 2025

Up 17.9% from $195,000 in 2025
Asking price is 9% above the assessment
Lot 352 m² (3,789 sq ft)

roll year	assessed
2026	$230,000
2025	$195,000
2024	$173,000

From City of Lethbridge open data (parcels and assessments), matched to 5-5 TARTAN 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 $2,416 a year

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

The listing shows $2,415 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.

monthly cost

$1,580/mo

Mortgage $1,089 · Tax $201 · Strata $290

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

estimated payment

$1,089/ monthly

loan $199,920

25-year amortization

down payment20% · $49,98020%+ 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: $126,717
land title fees: $550; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $50,530; down + land title fees
total paid: $326,637

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: −$154/mo
cap rate: 4.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,089 · tax $201 · strata $290 · 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

5, 5 Tartan Boulevard W

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