40 Mohawk Road W new Save Request In-Person Tour Request Virtual Tour
Lethbridge,AB T1K5J6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,040 sqft
Price per Sqft $384
Subdivision Indian Battle Heights
MLS Listing ID A2240999
Style Bi-level
Bedrooms 5
Year Built 1982
Lot Size 5,980 Sqft
Acres 5980.0
Property Sub-Type Freehold
Source Lethbridge & District Association of REALTORS®
Property Description
*********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:24570)
Location
Province AB
Rooms
Kitchen 1.0
Extra Room 1 Lower level 11.17 Ft x 9.17 Ft Bedroom
Extra Room 2 Lower level 20.42 Ft x 14.67 Ft Bedroom
Extra Room 3 Lower level .00 Ft x .00 Ft 4pc Bathroom
Extra Room 4 Main level 12.00 Ft x 17.67 Ft Bedroom
Extra Room 5 Main level 9.00 Ft x 11.00 Ft Kitchen
Extra Room 6 Main level 12.00 Ft x 11.00 Ft Bedroom
Interior
Heating Forced air
Cooling None
Flooring Carpeted,Laminate
Fireplaces Number 1
Exterior
Parking Features No
Fence Fence
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Architectural Style Bi-level
Others
Ownership Freehold