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2211 10 Avenue S
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Lethbridge · Single Family · under $600,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this well-maintained 1950s bungalow, ideally situated in a sought-after southside location close to Henderson Lake, the hospital, schools, parks, and a wide range of amenities. This spacious home offers three bedrooms on the main floor and a bright, open-concept layout that seamlessly connects the living room, dining area, and kitchen; perfect for everyday living and entertaining. The primary bedroom features convenient access to a beautifully updated cheater ensuite complete with dual sinks, a separate shower, and a relaxing jetted tub. Enjoy the convenience of main floor laundry and a breezeway that connects the attached garage to the home while providing access to the illegally- suited basement with 2 bedrooms, full kitchen, and a 3 piece bathroom, ideal for extended family, guests, or rental income potential (subject to meeting municipal requirements). The lower level also includes a versatile flex room, previously used as a winemaking room, complete with its own sink, along with an abundance of storage space. Car enthusiasts, hobbyists, and those needing extra workspace will appreciate the rare combination of both an attached heated double and detached single (15'6" x 23'5") garage, offering exceptional flexibility for vehicles, projects, or storage. With its central southside location, functional layout, and unique features, this is a fantastic opportunity to own a home that combines timeless character with modern convenience. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Bedroom | 11.33 Ft x 12.25 Ft | |
| Bedroom | 12.17 Ft x 12.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| 5pc Bathroom | — | |
| Bedroom | 8.75 Ft x 10.08 Ft | |
| Bedroom | 12.42 Ft x 9.33 Ft | |
| Primary Bedroom | 12.33 Ft x 12.83 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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,414
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.
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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 Jun 29, 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.
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