2626 23 Avenue South


Lethbridge, Alberta T1K1L1

3 beds 3 baths 1,173 sqft

Description

Rarely does a legally suited property like this come to market in such a convenient South Lethbridge location. 2626 23 Ave S offers 6 bedrooms, 3 bathrooms, and outstanding income potential for investors or homeowners looking to offset their mortgage with a proven rental setup.Designed for flexibility, this house features an upper suite and lower suite, giving you options for multi-generational living, owner-occupancy with supplemental income, or a full revenue property. A standout feature is the separate furnaces for the up and down suites, adding comfort, independence, and practical appeal for tenants. The legal suite status is a major advantage, offering added peace of mind and long-term value in a market where suited homes are always in demand. With six bedrooms and three bathrooms, there is room to maximize returns while still delivering the space and functionality renters appreciate.The layout provides generous living space across both levels, with ample bedrooms to attract a wide range of renters, from students to families. Its proximity to Lethbridge Polytechnic further strengthens the investment appeal, while the surrounding area offers an abundance of everyday amenities, services, green spaces, and conveniences just minutes away.Whether you are expanding your portfolio or searching for a smart live-down/rent-up opportunity, this property checks the boxes for location, versatility, and rental income potential. Don’t miss your chance to own a rare legally suited home in a highly accessible neighborhood. Some photos have been edited to remove tenant property. (id:39198)

Facts & Features

● Building Type

House

● Year built

1969

● Square Footage

1,173 sqft

● Stories

1

● Bedrooms

3

● Bathrooms

3

● Parking

3

● Neighbourhood

Agnes Davidson

● Land size

--

● Heating type

Forced air, Natural gas

● Basement type

Finished, Full, Suite

● Parking Type

--

● Time on REALTOR.ca

9 days

Brokerage Name: Lethbridge Real Estate.com

Powered by: REALTOR.ca

Home price

$499,000

Initial Deposit

I want to start the program with
an initial down payment of

$
=2%

Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments

Your Monthly Payment

$4,682/month

The payment includes

Rent

$3,911

Rent is rent and it won't be deducted from the buyback price.

Monthly Savings

$771

Each month, $771 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.

Buyback

Here is the final price if I buy the house after:

1 year2 years3 years
Year 3

Buyback Price

$577,655

Cumulative Down Payment

$32,765

• Initial Deposit

$5,000

• Monthly Savings x 36 months

$27,765

There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!

Rent-to-Own This Home for

$4,682/month

This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.

You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!

No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.

Client initial deposit is applied directly to the down payment when clients are ready to buy the home.

Few ways to reduce your monthly payments

• Look at homes with a lower price

• Put down a higher initial down payment

• Sublet the rooms for extra income

Canada’s #1 Rent-to-Own —
Changing The Rules of The Game

A smarter, safer path to homeownership — explained.

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