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87 days on Market

1423 13 Ave, Lethbridge, Alberta T1K 0R6

Detached
1
1
~1768.00 sqft
$550,000
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Detached
1
1
~1768.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$311/sqft

Est. Mortgage$2,362/mo

Tax Amount (2024)$7,800/yr

Days On Market87 days


Description

This full duplex, with 2 illegal suites, Proforma shows a IRR = 9.16% / Cap Rate = 6.26% located in the sought-after Agnes Davidson area, is a standout choice for investors seeking high returns and consistent "occupancy record".. The property includes four spacious suites, each offering 2 bedrooms, 1 bathroom, and in-suite laundry. The building has seen upgrades including windows & some interior suite improvements. Individual suite virtual tours available. Proforma available upon request. A detached 22x24 garage adds additional income potential, making this property even more attractive for maximizing ROI. Its prime location near schools, shopping, public transportation, parks, and the regional hospital ensures strong rental demand from a diverse pool of tenants.


Property Details

StyleBungalow,Side by Side
View-
Age of property1953
SqFt~1768.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2181787
Community NameAgnes Davidson
Data SourcePILLAR 9
Listing byLethbridge Real Estate.com

Features

Heating: Forced Air
Basement: Finished,Full

Main Floor

4pc Bathroom

0`0" x 0`0"

Bedroom

1`1" x 1`1"


Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Dec 3, 2024
ListedActive
$550,000
87 days on market
history photo preview47
Listing by pillar®
Property listed by Lethbridge Real Estate.com, Brokerage
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Population and Demographics

Overview

Total population 2269
Average household income $105,733

Age (%)

20 to 34
22%
65 and plus
22%
0 to 19
21%
50 to 64
18%
35 to 49
17%

Household composition (%)

Single family
60%
Single person
32%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
90%
Others
4%
German
2%
Tagalog (Pilipino, Filipino)
2%
Spanish
1%

House tenancy (%)

Owners
65%
Renters
35%

Schools and amenities

Estimated Budget