London Road, Lethbridge · MLS® A2342047
8
6,258 sq ft · House · Multi-family · built 1910 · 52 days on market
listed by Colin Harms, SUTTON GROUP - LETHBRIDGE
An incredible opportunity to own a fully operational 10-unit multi-family property in the heart of Lethbridge. This purpose-built 10-plex features nine fully furnished one-bedroom suites and one unfurnished long-term suite, all designed for strong income generation and minimal vacancy.Property Features9 furnished 1-bedroom units with kitchens & 3-pc bathrooms1 unfurnished long-term 1-bedroom unitEach suite equipped with its own hotel-style heat/AC unitShared laundry (washer & dryer in common area)High-quality furnishings, bedding, linens & big-screen TVs includedFully stocked kitchens with appliances, dishes & utensilsIndividual internet routers & programmable WiFi door locks for each unitOutdoor storage shed with shovels, brooms & maintenance tools?? Location BenefitsSituated close to downtown Lethbridge amenities, transit, and schoolsWalkable neighborhood with excellent rental demandFlexible property strategy: continue current STR/LTR mix or convert to all long-term rentalsInvestor ReadyThis property comes fully furnished and equipped—turn the key and start collecting rent. With strong financial performance and professional management potential, this 10-plex is an ideal addition to any investor’s portfolio.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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about $17,854 a year
The asking price times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $15,269 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.
Walkability 85/100 · Very walkable: most errands on foot
Within a 10 minute walk: 15 places to eat or drink, 2 cafes, 3 parks and playgrounds, 8 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.