realtor's description

Now is your opportunity to purchase a revenue generating property featuring three suites and a garage. The main floor and basement floor are long-term renters (13 and 9 years respectively) and would love to stay, while the third tenant has been in place for 18 months.Major updates include a roof replaced approximately 11 years ago, a high-efficiency furnace installed 12 years ago, and two hot water tanks replaced 7 years ago.This property offers a great opportunity for a first-time landlord or an investor looking to expand their portfolio. The upper and basement suites are non-approved, and each unit has its own separate entrance. Laundry is located in the basement and is shared between the main floor and basement tenants, while the upper tenant currently uses a laundromat.Don’t miss out! contact your favorite Realtor today to book a showing!

property details

type: House, Single Family
bedrooms: 6
bathrooms: 3
living area: 1,497 sq ft
lot: 6,720 sq ft
parking: 2
year built: 1949
property tax: $3,231 / yr
days on market: 193
MLS®: A2300993

features

Wood windows
Refrigerator
Stove

city assessment

$327,000

2026 assessment · market value as of July 1, 2025

Up 7.2% from $305,000 in 2025
Asking price is 22% above the assessment
Lot 627 m² (6,749 sq ft)

roll year	assessed
2026	$327,000
2025	$305,000
2024	$279,000

From City of Lethbridge open data (parcels and assessments), matched to 712 9 AVE S. 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 $3,434 a year

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

The listing shows $3,231 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

$2,008/mo

Mortgage $1,738 · Tax $269

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

estimated payment

$1,738/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ 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: $202,321
land title fees: $820; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $80,620; down + land title fees
total paid: $521,521

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