Admin

Lethbridge Real Estate Rental Properties

By
Real Estate Broker/Owner with Park and Protect- Alberta Real Estate License Parking

Here in Lethbidge Alberta we have become a popular destination for real estate investors looking to purchase rental properties.  Due to the fact that we have 2 post secondary educational institutions here, the University of Lethbridge and Lethbridge College, we have a large number of students who take up residence here in the city.

The rental market in Lethbridge has remained solid and stable.  Our prices on these investment properties have also remained fairly low and solid.  With the mortgage interest rates being at historically record lows, this makes owning rental properties in Lethbridge a great opportunity to make positive cash flow.

lethbridge rental properties

Here is a picture of a typical rental property.  This is a half duplex property located in the Uplands subdivision in North Lethbridge.  This property is about 900 sq ft, has a full basement, and is fully developed.  A home like this is currently worth approximatemy $215,000.  With the current interest rates that could work out to a mortgage payment of about $1000/month to own this type of property.  Our current market rents in Lethbridge for a property of this type would be at least $1200/month. 

 

In short, it is cheaper to own these properties than to pay rent for one.  Also, if you are making a mortgage payment instead of a rent payment, then approximately half of your monthly payment is going towards building equity.  The difference being that 25 years in the future, you would also own a clear titled home.

 

If you want to discuss becoming a homeowner in Lethbridge, give me a call and lets go for a coffee.

Posted by

Park And Protect is the largest specialty real estate license parking brokerage in Alberta and all of Western Canada.  We are experts in the field of ensuring that your greatest career asset is safe and secure.  Contact us to discuss Alberta real estate license parking or other potential business opportunities.

Comments(1)

Show All Comments Sort:
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

This is a great example of a rental property in lethbridge alberta.

Jan 29, 2016 11:03 AM