1501 16 AVE S, Lethbridge, AB T1K 0Y7
1501 16 AVE S, Lethbridge, AB T1K 0Y7
1501 16 AVE S, Lethbridge, AB T1K 0Y7
1501 16 AVE S, Lethbridge, AB T1K 0Y7
1501 16 AVE S, Lethbridge, AB T1K 0Y7
1501 16 AVE S, Lethbridge, AB T1K 0Y7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Viren Vijayashankar

Viren Vijayashankar

Bowhaven - Exp Realty of Canada

+1(587) 742-8877
$ 475,000
Est. payment | /mo

1,674 SqFt


$ 475,000
Est. payment | /mo

1,674 SqFt

Key Details

Property Type Multi-Family

Sub Type Full Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1674.86

Square Footage 1,674 sqft

Price per Sqft $283

Subdivision Agnes Davidson

MLS Listing ID A2337987

Style Attached-Side by Side,Bungalow

Year Built 1941

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Full Duplex

Property Description

1501 16 Avenue S could be your next multi-family investment sits on a 68' X 120' lot,making it perfect for a future 4-plex! This is a FULL DUPLEX in an amazing South Lethbridge location with a bus stop ON the property!

It offers TWO complete,single level homes in one sale. Each unit features two bedrooms,a four piece bathroom,a kitchen,a comfortable living area,and its own laundry. The West unit includes a pantry and the East unit includes a walk-in closet in the primary bedroom.

The property is sheltered by beautiful and healthy mature trees. The entire property has a welcoming and sheltered feel,saving you from the blazing summer sun,while you enjoy sprawling yard space. You or your tenants are just minutes away from the coulees,dog park,and Scenic Drive for an easy commute anywhere in the city. 

Each unit has off street parking for one vehicle each in their own individual driveways,both off of 16 Ave S. In the rear there is 3 more off-alley parking spots,with plenty of on-street parking on 15th St S. Don't forget there's a 30' X 30' heated triple car garage with epoxy floor ($100,000 to $125,000 replacement value). It has no windows for added safety and security. While it is currently unrented (and owner occupied),multiple requests have been made to rent it for $600 per month.

Each unit rents for $1,375 per month. Presuming you rent the garage for $600/mo the property would generate over $40k per year! That's more than an 8% CAP RATE!

Whether you're expanding your investment portfolio or considering a home where you could live in one unit and rent the other,this duplex is DEFINITELY worth a closer look.

Location

Province AB

County 0203

Zoning R-L

Direction S

Rooms

Basement None, Crawl Space, Unfinished

Interior

Heating Forced Air, Gravity

Cooling None

Flooring Carpet, Ceramic Tile, Laminate

Inclusions Fridges 2, Stoves 2, Washers 2, Dryers 2, Dishwashers 2

Fireplace No

Appliance Refrigerator, Stove(s), Washer/Dryer

Laundry In Unit

Exterior

Parking Features Alley Access, Concrete Driveway, Driveway, Garage Faces Rear, Heated Garage, Insulated, Multiple Driveways, Off Street, Oversized, Parking Pad, Triple Garage Detached

Garage Spaces 3.0

Roof Type Flat Torch Membrane,Flat,Membrane

Total Parking Spaces 5

Garage Yes

Building

Dwelling Type Duplex

Story One

Foundation Perimeter Wall, Poured Concrete

Architectural Style Attached-Side by Side, Bungalow

Level or Stories One

New Construction No

Others

Restrictions None Known

Virtual Tour https://youriguide.com/1501_16_ave_s_lethbridge_ab/

Listed by eXp Realty of Canada
LOCATION AND OTHER NEARBY PROPERTIES

Go tour this home

1501 16 AVE S

REVIEWS

Sara Bietz

I’ve had the pleasure of working with Viren in Arbour Lake, and I’ve always been impressed with how professional, responsive, and easy to work with they are. They genuinely care about their clients and consistently go above and beyond to make sure things are handled properly. It’s always a pleasure working with someone who is knowledgeable, reliable, and truly puts their clients first. I would happily recommend Viren to anyone looking for a great realtor in Calgary’s Northwest.

Geeta Singh

As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.

Sartaj Sekhon

Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary. What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road. Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue! If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!
Viren Vijayashankar

Viren Vijayashankar

Agent CON-00135400

+1(587) 742-8877

GET MORE INFORMATION

Name
Phone*
Message