5, 734 Heritage Boulevard W

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

rent

$1,690/mo

after all costs

$159/mo

cap rate

6.1%

yearly net rent ÷ price

Costs: mortgage $937 · tax $178 · strata $246 · 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

• Up 9.1% from $186,000 in 2025
• Asking price is 6% above the assessment
• Lot 1,033 m² (11,119 sq ft)

From City of Lethbridge open data (parcels and assessments), matched to 5-734 HERITAGE BLVD W. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

about $2,132 a year

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

The listing shows $2,131 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.