pillar/IMG-A2224859_1.jpg
8 days on Market

40 Mohawk Rd, Lethbridge, Alberta T1K 5J6

Detached
3 + 2
2
~1040.00 sqft
$415,000
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Detached
3 + 2
2
~1040.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$399/sqft

Est. Mortgage$1,782/mo

Tax Amount (2025)$3,231/yr

Days On Market8 days


Description

*********Walking Distance to the University of Lethbridge – High Cash Flow Investment!********* This 5-bedroom home in West Lethbridge is perfectly located for student rentals, just minutes from the university on a quiet street. It features a brand new roof, walkout basement, private backyard, ample off-street parking, and spacious living areas—making it ideal for tenants. Currently generating an average of $3,250/month in rental income, this property offers strong cash flow and excellent return on investment. A rare opportunity to own a high-demand rental in a prime location! Investment Snapshot: • Purchase Price: $330,000 (based on 20% down payment) • Estimated Mortgage Payment: ~$1,750/month (4% interest) • Estimated Property Tax: ~$280/month • Estimated Utilities: ~$500/month • Estimated Total Expenses: ~$2,530/month • Current Average Rent: ~$3,250/month This property has demonstrated strong rental demand and the potential for positive monthly cash flow, making it a promising option for investors seeking steady income and long-term value growth. Whether you're expanding your portfolio or starting out, this is a high-return opportunity in one of the most sought-after rental areas in Lethbridge. Contact your favourite agent today to book a viewing!


Property Details

StyleBi-Level
View-
Age of property1982
SqFt~1040.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2224859
Community NameIndian Battle Heights
Data SourcePILLAR 9
Listing byMaxwell Devonshire Realty

Features

Heating: Forced Air
Basement: Finished,Full

Main Floor

Bedroom

12`0" x 17`8"

Bedroom

12`0" x 11`0"

Nook

9`0" x 12`0"

Kitchen

9`0" x 11`0"


Features

Patio: Deck

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

May 28, 2025
ListedActive
$415,000
8 days on market
history photo preview30
Listing by pillar 9®
Property listed by Maxwell Devonshire Realty, Brokerage
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Market Data - Indian Battle Heights

Geo Zone Map ThumbnailIndian Battle Heights

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

30 days

Compared to

2024

22 days

2023

32 days

New Listings

Past 30 days

15 listings

Compared to

2024

17 listings

2023

14 listings

Units sold

Past 30 days

12 units

Compared to

2024

12 units

2023

8 units

Median Sold Price

Past 30 days

$378,500

Compared to

2024

$384,750

2023

$347,500


Population and Demographics

Overview

Total population 5982
Average household income $113,033

Age (%)

20 to 34
26%
0 to 19
26%
35 to 49
18%
50 to 64
17%
65 and plus
12%

Household composition (%)

Single family
67%
Single person
23%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
92%
Others
4%
Arabic
1%
Spanish
1%

House tenancy (%)

Owners
70%
Renters
30%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget