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 with future potential. 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 all vinyl windows throughout, a high-efficiency furnace, and updated hot water tank. Both upper and lower suites also feature separate laundry, adding convenience and functionality for tenants. Whether you are looking to expand your investment portfolio, secure a centrally located revenue property, or explore future redevelopment potential, this property offers strong existing income with additional upside still remaining. Ideally situated near Chinook Regional Hospital, transit, schools, and major amenities, opportunities like this in central Lethbridge do not come available often. Contact your agent today to schedule a showing!
Data was last updated May 23, 2026 at 06:05 AM (UTC)
Area Statistics
Listings on market:
380
Avg list price:
$479,900
Min list price:
$129,900
Max list price:
$3,000,000
Avg days on market:
31
Min days on market:
1
Max days on market:
523
Avg price per sq.ft.:
$369.25
These statistics are generated based on the current listing's property type
and located in
Lethbridge. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.