*********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: $320,000 (based on 20% down payment) • Estimated Mortgage Payment: ~$1,700/month (4% interest) • Estimated Property Tax: ~$280/month • Estimated Utilities: ~$500/month • Estimated Total Expenses: ~$2,480/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! (id:60123)
| MLS® Number | A2240999 |
| Property Type | Single Family |
| Community Name | Indian Battle Heights |
| Amenities Near By | Park, Playground, Recreation Nearby, Schools, Shopping |
| Features | No Animal Home, No Smoking Home |
| Parking Space Total | 5 |
| Plan | 7910001 |
| Structure | Deck |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk-up |
| Basement Type | Full (finished) |
| Constructed Date | 1982 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Size Interior | 1,040 Ft2 |
| Total Finished Area | 1040 Sqft |
| Type | House |
| Parking Pad |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Recreation Nearby, Schools, Shopping |
| Size Depth | 35.05 M |
| Size Frontage | 15.85 M |
| Size Irregular | 5980.00 |
| Size Total | 5980 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 5980 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R-l |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 11.17 Ft x 9.17 Ft | ||
| Lower Level | Bedroom | 20.42 Ft x 14.67 Ft | ||
| Lower Level | 4pc Bathroom | .00 Ft x .00 Ft | ||
| Main Level | Bedroom | 12.00 Ft x 17.67 Ft | ||
| Main Level | Kitchen | 9.00 Ft x 11.00 Ft | ||
| Main Level | Bedroom | 12.00 Ft x 11.00 Ft | ||
| Main Level | Bedroom | 14.00 Ft x 10.00 Ft | ||
| Main Level | Other | 9.00 Ft x 12.00 Ft | ||
| Main Level | 4pc Bathroom | .00 Ft x .00 Ft |
https://www.realtor.ca/real-estate/28623658/40-mohawk-road-w-lethbridge-indian-battle-heights
Contact us for more information
Qihong Guan
Associate
(403) 329-4663
(587) 787-1784
www.maxwelldevonshire.ca/
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