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1216 Henderson Lake Boulevard S
Beds
5
Baths
4 full + 1 half
Sqft
1,642
Year
1960
Type
Single Family
On market
26d
Welcome to this charming bungalow offering exceptional versatility and income potential in a highly desirable location. The open concept main floor features an updated kitchen with tastefully rustic décor, seamlessly flowing into the bright and inviting living space. Upstairs, you’ll find three comfortable bedrooms, including a convenient 2 piece ensuite in the primary, along with a full main bathroom. At the rear of the home, the newly updated bonus multipurpose space provides flexibility for an at home business, gym, or additional family area, adding to the home’s functional layout. The fully developed basement is thoughtfully configured with two separate illegal suites, ideal for rental opportunities. One suite is a bachelor style layout with a 3 piece bathroom, while the second offers a one bedroom design complete with its own 3 piece ensuite and separate living, kitchen, and dining area. A shared hallway provides access to a brand new washer and dryer for added convenience. Outside, enjoy a mature yard with back alley access, offering both privacy and practicality. Located directly across from Lakeview School, this home is perfectly positioned for families, investors, or those looking for a property with strong income potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 2.17 Ft x 11.00 Ft | |
| Primary Bedroom | 14.75 Ft x 18.92 Ft | |
| 3pc Bathroom | 6.83 Ft x 5.92 Ft | |
| Kitchen | 17.25 Ft x 8.00 Ft | |
| Living room | 10.67 Ft x 9.58 Ft | |
| Bedroom | 17.33 Ft x 10.50 Ft | |
| 3pc Bathroom | 4.92 Ft x 7.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 20.25 Ft x 13.58 Ft | |
| Kitchen | 9.17 Ft x 13.83 Ft | |
| Dining room | 12.67 Ft x 9.67 Ft | |
| Primary Bedroom | 11.75 Ft x 13.50 Ft | |
| 2pc Bathroom | 7.00 Ft x 4.83 Ft | |
| Bedroom | 8.00 Ft x 10.08 Ft | |
| 4pc Bathroom | 7.00 Ft x 8.17 Ft | |
| Bedroom | 9.92 Ft x 10.08 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
2.84%
Cap rate
5.43%
GRM
12.4
Break-even rent
$3,055
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 15, 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.