1423 13 Avenue S, Lethbridge

$599,900

1 Beds
1 Baths
1,768 Sqft
.13 Acres
2 Garages

This full duplex, with 2 illegal suites, located in the sought-after Agnes Davidson area, is a standout choice for investors seeking high returns and consistent "occupancy record".. The property includes four spacious suites, each offering 2 bedrooms, 1 bathroom, and in-suite laundry. a couple units have been updated for enhanced comfort and appeal.

A detached 22x24 garage adds additional income potential, making this property even more attractive for maximizing ROI. Its prime location near schools, shopping, public transportation, parks, and the regional hospital ensures strong rental demand from a diverse pool of tenants. Current Performance: IRR = 8.3%, Cap Rate = 5.6%, Market Potential: EST. IRR = 10.45%, Cap Rate = 7.8%, Proforma details available on request, Virtual tours of each suite are accessible—ask your REALTOR® today!

Whether you're a seasoned investor or just expanding your portfolio, this property offers a perfect blend of stability and growth potential. Don't miss out! Your Realtor has access to video tours on the suites, they are a MUST SEE!

Essential Information
MLS® #A2181787
Price$599,900
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage1,768
Acres0.13
Year Built1953
TypeResidential
Sub-TypeDuplex
StyleBungalow, Side by Side
StatusActive
Community Information
Address1423 13 Avenue S
SubdivisionAgnes Davidson
CityLethbridge
CountyLethbridge
ProvinceAlberta
Postal CodeT1K 0R6
Amenities
Parking Spaces4
# of Garages2
Parking

Double Garage Detached, Off Street

Interior
Interior FeaturesLaminate Counters, See Remarks
HeatingForced Air
CoolingNone
Has BasementYes
BasementFinished, Full
Appliances

Electric Range, Refrigerator, Washer/Dryer, See Remarks

Exterior
Exterior FeaturesNone
Lot DescriptionBack Lane, Back Yard, City Lot
RoofAsphalt Shingle
ConstructionMixed
FoundationPoured Concrete
Additional Information
ZoningR-L
Listing Details
OfficeLethbridge Real Estate.com
LISTING MAP

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