Property Information:

INVESTOR OPPORTUNITY!! Seller financing / VTB may be available for qualified purchasers. Flexible acquisition structures may be considered including: Vendor Take Back (VTB), Seller Carry Financing, Joint Venture Structures, Creative Acquisition Strategies! Check out this exceptional income-producing opportunity located just blocks from Chinook Regional Hospital in the heart of Lethbridge! This cash-flowing property features a 3-bedroom, 2-bathroom home with a non-conforming lower suite situated on a large lot offering future potential and flexibility. Currently tenant occupied with long-term renters both upstairs and downstairs, the property generates approximately $3,400/month in combined rental revenue, making it a strong holding asset from day one. Several important upgrades have already been completed, including vinyl windows throughout, a high-efficiency furnace, and an updated hot water tank, helping reduce future maintenance concerns. Both upper and lower suites also feature separate laundry, adding convenience and functionality for tenants. Rare opportunity to acquire an investment property with strong upside potential at an attractive price point. Whether you are looking to expand your portfolio, secure a centrally located revenue property, or explore value-add, repositioning, or future redevelopment opportunities, this property offers strong existing cash flow with additional upside still remaining. Investors considering long-term portfolio growth and future refinance potential will appreciate the flexibility this asset presents. Ideally located near Chinook Regional Hospital, transit, schools, and major amenities, opportunities like this in central Lethbridge do not come available often. Tenant-occupied property with showings available upon 24 hour notice. Contact your REALTOR® today to schedule a showing!

Inclusions: N/A

Building Features:

Total Finished Area: 1034.00

Property Features:

Bedrooms: 2+1
Bathrooms: 2+0
Architectural Style: Bungalow
Built in: 1945
Construction Materials: Stucco
Cooling: None
Exterior Features: Private Yard, Storage
Floor Space (approx): 1034.00 Square Feet
Flooring: Carpet, Tile, Vinyl
Foundation Details: Poured Concrete
Heating: Forced Air
Interior Features: Ceiling Fan(s), Laminate Counters
Levels: One
Lot Size: 7818.00 Square Feet
Parking Features: Parking Pad
Roof: Asphalt Shingle
Zoning: R-L
No. of Parking Spaces: 2

Courtesy of: CLEARVIEW PROPERTY MANAGEMENT LTD.

Data provided by: Lethbridge And District Association Of REALTORS® 516 6 St. S, Lethbridge, Alberta T1J 2E2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 821 14 Street SOUTH, Lethbridge, AB, T1J 2Y6

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$129,025.36

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.76 %

High school certificate or equivalent

32.66 %

Apprenticeship trade certificate/diploma

8.9 %

College/non-university certificate

20.75 %

University certificate (below bachelor)

1.78 %

University Degree

23.14 %

Commuter

Travel To Work

By Car

81.73 %

By Public Transit

0.38 %

By Walking

12.91 %

By Bicycle

0.98 %

By Other Methods

4.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.65 %

Houses

82.35 %

821 14 Street SOUTH, Lethbridge, AB, T1J 2Y6