pillar/IMG-A2309754_1.jpg
34 days on Market

55 Lemoyne Cres #56, Lethbridge, Alberta T1K4J7

Townhouse
2
1
~959.07 sqft
$209,900
Get pre-qualifiedPowered by nesto
Townhouse
2
1
~959.07 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market34 days

Estimated valueNot available

Price/Sqft$218/sqft

Monthly cost

Open Calculator

Description

Revenue Property Opportunity – Long-Term Tenant in Place! Well-located 2-storey condo townhome offering a practical and desirable layout for tenants, with kitchen, dining, and living room on the main floor, plus 2 bedrooms and a full 4-piece bathroom upstairs. The oversized primary bedroom spans the full width of the unit and features double closets, offering excellent storage and tenant appeal. The unfinished basement includes in-suite laundry with washer and dryer, additional storage space, and future value-add potential. This property has a history of very long-term tenancy, making it an attractive option for investors seeking stable occupancy and reliable rental demand. The unit is currently in lived-in condition and would benefit from cosmetic updates such as paint and flooring over time. Priced accordingly, this creates an excellent opportunity for an investor to improve value gradually while maintaining income potential. Located in a professionally managed condo corporation with consistent upgrades, including all decks replaced last year. Close to shopping, transit, parks, and the university—an ideal rental location with strong tenant demand.


Property Details

Style2 Storey
View-
Age of property1977
SqFt~959.07 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberA2309754
Community NameVarsity Village
Data SourcePILLAR 9
Listing byHomeTime Property Services Ltd. o/a HomeTime

Features

Heating: Forced Air
Basement: Full,Unfinished,None

Main Floor

Kitchen

8`0" x 10`3"

Dining Room

8`0" x 5`4"

Living Room

15`3" x 10`10"


Features

Patio: Deck
Balcony: Deck

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property History

May 7, 2026
ListedActive
$209,900
34 days on market
history photo preview5
Listing by pillar 9®
Property listed by HomeTime Property Services Ltd. o/a HomeTime, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Varsity Village

Geo Zone Map ThumbnailVarsity Village

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2025

15 days

2024

35 days

2023

20 days

New Listings

Past 30 days

4 listings

Compared to

2025

5 listings

2024

2 listings

2023

5 listings

Units sold

Past 30 days

1 unit

Compared to

2025

3 units

2024

3 units

2023

4 units

Median Sold Price

Past 30 days

$260,900

Compared to

2025

$240,000

2024

$190,000

2023

$191,500


Population and Demographics

Overview

Total population 6206
Average household income $99,835

Age (%)

0 to 19
25%
20 to 34
31%
35 to 49
17%
50 to 64
13%
65 and plus
14%

Household composition (%)

Single family
58%
Single person
29%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
91%
Others
4%
Spanish
1%
German
1%
French
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget