Active
PARK MEADOWS
39 Meadowlark Boulevard N, Lethbridge, AB
$364,900
Residential · MLS® A23287793Bedrooms
2Bathrooms
861Sq Ft
2Garage
1976Year Built
02 / Overview
PROPERTY OVERVIEW
This 861 sq ft home offers a strong revenue setup with a 2-bed, 1-bath main-floor unit and an additional 1-bed, 1-bath illegal basement suite, each with its own private entrance and separate laundry. The main floor features updated flooring and windows along with a front balcony and a side patio for outdoor space. A 22×24 detached garage is also rented out, adding another steady income stream. The home is in good condition throughout and sits directly across from the school,...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeDuplex
Total Finished Area861 sq ft
Lot Size4,021 sq ft
ZoningR-37
HeatingForced Air
CoolingNone
ParkingDouble Garage Detached
ExteriorBalcony
BasementFull
Year Built1976
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,453After mortgage & expenses
Cap Rate9.3%Based on market rents
Cash on Cash Return23.9%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
PARK MEADOWS
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by CARY RONSPIES · RE/MAX REAL ESTATE - LETHBRIDGE