We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
1815 1 Avenue N
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Lethbridge · Single Family · under $300,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Opportunity knocks with this charming 1948 bungalow on an oversized lot! Whether you're looking for an investment property, mortgage helper, or a home with room for a growing family, this property offers immediate income potential with an existing illegal basement suite.The main floor has seen tasteful renovations, including an updated kitchen and modernized bathroom. Featuring 3 bedrooms on the main level including an extra Bonus room just a few steps down that can be used as an extra bedroom space, office or storage. Around the back of the house you’ll find the shared laundry and the illegal suite, with a seperate entrance, that provides an excellent opportunity to generate rental income from day one!Situated on a massive lot with endless possibilities, there's plenty of room for future development, additional parking, a large garage, or simply enjoying the extra outdoor space. With just a little TLC, this property could truly shine and add even more value. Don't miss this fantastic opportunity to own an affordable home with income potential instantly! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 8.83 Ft x 14.42 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.25 Ft x 9.67 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.58 Ft x 10.17 Ft | |
| Kitchen | 9.42 Ft x 11.17 Ft | |
| Primary Bedroom | 11.08 Ft x 15.08 Ft | |
| Bedroom | 11.58 Ft x 9.42 Ft | |
| Bedroom | 11.25 Ft x 9.67 Ft | |
| 4pc Bathroom | — |
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
24.90%
Cap rate
9.84%
GRM
7.8
Break-even rent
$1,721
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jul 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.