Calgary Realtor

$1,700,000 · For Sale
515 11 Street S, Lethbridge, Alberta
6,258sq ft
6,258sq ft Lot
31Days on Market

About This Property

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.

Key Features

  • Built in 1910
  • Multi-Family
  • See Remarks

Property Details

Community London Road
Property Type Multi-Family
Building Type Multi-Family
Year Built 1910
MLS® Number A2342047

Size & Land

Finished Area 6,258 sq ft
Land Size 6,258 sq ft Lot

Building Features

Cooling See Remarks

Parking

Parking Spaces 8

Financial & Other

Property Taxes $15,269/yr

Location

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Map location is approximate.

Estimated Monthly Payment

$7,220/mo

Based on 20% down, a 4.09% rate and 25-year amortization. Your actual payment will depend on your rate, down payment, and lender.

  • Mortgage$7,220
  • Property tax$1,272
  • Estimated total$8,493/mo
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Listing courtesy of SUTTON GROUP - LETHBRIDGE · Lethbridge & District Association of REALTORS®
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