40 Mohawk Road West Lethbridge, AB T1K 5J6

$399,900
5
Beds
2
Baths
0.14
Acres
1,040
SQFT
385
$/SQFT
$399,900
5
Beds
2
Baths
1,040   sf
$385 / sf
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active
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*********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: $330,000 (based on 20% down payment)• Estimated Mortgage Payment: ~$1,750/month (4% interest)• Estimated Property Tax: ~$280/month• Estimated Utilities: ~$500/month• Estimated Total Expenses: ~$2,530/month• Current Average Rent: ~$3,250/monthThis 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!

*********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: $330,000 (based on 20% down payment)• Estimated Mortgage Payment: ~$1,750/month (4% interest)• Estimated Property Tax: ~$280/month• Estimated Utilities: ~$500/month• Estimated Total Expenses: ~$2,530/month• Current Average Rent: ~$3,250/monthThis 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!

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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. Last updated: 2025-07-10 17:23:28
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Property details

Community Features

  • No HOA

Property Features

  • InLaw Suite

Exterior features

  • Deck
  • No Pool

Interior Features

  • Carpet Floors
  • Basement Finished
  • Basement Full

Style

  • One Story

Property History

DateDays AgoEventNew Price
Jul 5, 20256 days agoPrice decreased15,100 (4%)$399,900
May 29, 20251 mo agoNew on market$415,000
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