40 Mohawk RD W Lethbridge, AB T1K 5J6
5 Beds
2 Baths
1,040 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,040 sqft
Price per Sqft $399
Subdivision Indian Battle Heights
MLS® Listing ID A2224859
Style Bi-Level
Bedrooms 5
Full Baths 2
Year Built 1982
Annual Tax Amount $3,231
Tax Year 2025
Lot Size 5,980 Sqft
Acres 0.14
Property Sub-Type Detached
Source Lethbridge and District
Property Description
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: $330,000 (After 20% Down Payment)
----Mortgage: ~$1,750/month (4% Interest)
----Property Tax: ~$280/month
----Utilities: ~$500/month
----Total Expenses: ~$2,530/month
---- Average of Rent: ~$3,250/month
----A POSITIVE CASH FLOW: $3250 - $2530 = ~$720/month
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!
Location
Province AB
County Lethbridge
Zoning R-L
Direction SE
Rooms
Basement Finished, Full
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Cooling None
Flooring Carpet, Laminate
Inclusions 2 sheds
Appliance Bar Fridge, Dishwasher, Refrigerator, Stove(s), Washer/Dryer
Laundry In Basement
Exterior
Parking Features Parking Pad
Garage Description Parking Pad
Fence Fenced
Community Features Park, Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt Shingle
Porch Deck
Lot Frontage 52.0
Total Parking Spaces 4
Building
Lot Description Rectangular Lot
Foundation Poured Concrete
Architectural Style Bi-Level
Level or Stories Bi-Level
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 101347301
Ownership Private