1501 16 AVE S Lethbridge, AB T1K 0Y7
UPDATED:
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
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/