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101 Mcgill Boulevard W
Beds
4
Baths
3 full + 1 half
Sqft
1,124
Year
1975
Type
Single Family
On market
35d
Don’t miss out on this incredible property. Whether you’re an investor or a first time home buyer looking to offset your mortgage with rental income, this home is a great fit. The main level suite features 2 bedrooms, a 4 piece bathroom, and a 2 piece ensuite, while the lower suite offers 2 bedrooms and a 3 piece bathroom. In total, this illegally suited home includes 4 bedrooms and 2.5 bathrooms, with over 1100 sqft of above grade living space. As a raised bungalow, it benefits from an abundance of natural light throughout, and both suites offer open concept layouts, separate entrances, and their own washers and dryers. The home has seen numerous upgrades, including a renovation approximately 10 years ago with new flooring, kitchens, and the suite conversion. More recent updates include a new hot water tank in 2020, main level washer and dryer in 2026 and a dishwasher in 2024, as well as basement suite washer and dryer, stove, and toilet all updated in 2025. Ideally located for a rental property, the home is just a 10 minute walk to the University of Lethbridge and backs onto a green space with walking paths leading directly to Nicholas Sheran Park. The property has never experienced vacancy. To finish it off, the backyard is beautifully landscaped and fully fenced, featuring a covered deck with a swing. A large mature tree provides great shade and ties the whole yard together. There is also convenient under deck storage that functions like a shed, offering plenty of room for lawn equipment and outdoor storage. The home is complete with a long driveway, a large carport, and plenty of off street parking. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.33 Ft x 8.00 Ft | |
| Bedroom | 10.42 Ft x 10.58 Ft | |
| Bedroom | 13.75 Ft x 12.92 Ft | |
| Dining room | 5.92 Ft x 13.25 Ft | |
| Family room | 8.83 Ft x 13.25 Ft | |
| Kitchen | 15.00 Ft x 10.75 Ft | |
| Furnace | 3.58 Ft x 9.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 7.50 Ft x 4.08 Ft | |
| 4pc Bathroom | 7.58 Ft x 11.50 Ft | |
| Bedroom | 11.08 Ft x 11.50 Ft | |
| Primary Bedroom | 14.42 Ft x 12.00 Ft | |
| Dining room | 7.92 Ft x 10.50 Ft | |
| Kitchen | 15.50 Ft x 16.75 Ft | |
| Living room | 15.50 Ft x 16.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
2.75%
Cap rate
5.42%
GRM
12.4
Break-even rent
$2,692
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lethbridge. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.