1423 13 Avenue S Lethbridge, Alberta T1K 0R6

1 Bedroom 1 Bathroom 1,768 ft2
Bungalow None Forced Air

$599,900

This full duplex, with 2 illegal suites, 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. a couple units have been updated for enhanced comfort and appeal.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. Current Performance: IRR = 8.3%, Cap Rate = 5.6%, Market Potential: EST. IRR = 10.45%, Cap Rate = 7.8%, Proforma details available on request, Virtual tours of each suite are accessible—ask your REALTOR® today!Whether you're a seasoned investor or just expanding your portfolio, this property offers a perfect blend of stability and growth potential. Don't miss out! Your Realtor has access to video tours on the suites, they are a MUST SEE! (id:60123)

Property Details

MLS® Number A2181787
Property Type Multi-family
Community Name Agnes Davidson
Amenities Near By Schools, Shopping
Features See Remarks, Back Lane
Parking Space Total 4
Plan 838y
Structure None

Building

Bathroom Total 1
Bedrooms Above Ground 1
Bedrooms Total 1
Appliances Refrigerator, Range - Electric, See Remarks, Washer & Dryer
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1953
Construction Style Attachment Attached
Cooling Type None
Flooring Type Carpeted, Hardwood, Linoleum, Vinyl Plank
Foundation Type Poured Concrete
Heating Type Forced Air
Stories Total 1
Size Interior 1,768 Ft2
Total Finished Area 1768 Sqft

Parking

Detached Garage 2
Other

Land

Acreage No
Fence Type Partially Fenced
Land Amenities Schools, Shopping
Size Depth 36.57 M
Size Frontage 14.02 M
Size Irregular 5564.00
Size Total 5564 Sqft|4,051 - 7,250 Sqft
Size Total Text 5564 Sqft|4,051 - 7,250 Sqft
Zoning Description R-l

Rooms

Level Type Dimensions
Main Level 4pc Bathroom .00 Ft x .00 Ft
Main Level Bedroom 1.08 Ft x 1.08 Ft

https://www.realtor.ca/real-estate/27704251/1423-13-avenue-s-lethbridge-agnes-davidson

Contact Us

Contact us for more information

Generating Captcha

Miles Godlonton
Associate Broker

(403) 380-8573
www.lethbridgerealestate.com

Lethbridge Real Estate.com
2219 - 2 Avenue North
Lethbridge, Alberta T1H 0C1

(403) 327-8001
(403) 320-9965
lethbridgerealestate.com/

Ryan Godlonton
Associate

(403) 331-9621
(403) 320-9965
www.facebook.com/profile.php?id=1000916148

Lethbridge Real Estate.com
2219 - 2 Avenue North
Lethbridge, Alberta T1H 0C1

(403) 327-8001
(403) 320-9965
lethbridgerealestate.com/