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226 Gateway Manor S
Beds
5
Baths
3
Sqft
1,635
Year
2008
Type
Single Family
On market
119d
Welcome to 226 Gateway Manor S, Lethbridge. A beautifully upgraded 5 bedroom, 3 full bathroom bi-level home located in the highly sought after Southgate neighbourhood on Lethbridge’s vibrant Southside. This stunning residence offers over 3,200 sqft of finished living space and a fully developed walk-up basement, perfect for large families or multigenerational living. Featuring a rare stucco exterior with stone accents, this home stands out with excellent curb appeal and a spacious 23’ x 23’ double attached garage. Step inside to a grand tiled foyer with garage access and coat closet. The main level boasts an open-concept layout, vaulted ceilings, and hardwood floors throughout the living areas. The chef’s kitchen includes granite countertops, brand-new stainless steel appliances, an oversized pantry, and a built-in workstation perfect for remote work or homework. The dining area opens to a covered rear deck, ideal for entertaining with BBQ and stairs leading to a private, fenced backyard. This north-facing home features a bright, south-facing living room that is bathed in natural sunlight through oversized windows. The roof’s orientation also makes it perfectly suited for future solar panel installation. The main level includes two generously sized bedrooms and a 4-piece bathroom with a tub/shower combo. Upstairs, escape to the primary suite retreat with tray ceiling, 5-piece ensuite featuring a soaker tub, walk-in shower, and a massive walk-in closet. The fully finished basement offers a huge family/recreation room with cozy gas fireplace, two more large bedrooms (each with walk-in closets), another full bathroom, a built-out sunroom/home gym area, and a utility room with secondary laundry hookups. Additional features include: Central air conditioning Underground sprinklers Low-maintenance landscaping Backs onto peaceful green farmland, no rear neighbours! Close to schools, parks, walking/bike paths, Costco, Walmart, and all southside amenities. Located in one of t he best family-friendly neighbourhoods in Lethbridge, this move-in-ready home is the complete package. Book Your Showing Today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 3.63 M x 4.44 M | |
| Sunroom | 3.51 M x 6.38 M | |
| Furnace | 3.05 M x 3.91 M | |
| 4pc Bathroom | 1.50 M x 3.30 M | |
| Bedroom | 3.33 M x 3.71 M | |
| Recreational, Games room | 5.00 M x 7.31 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 1.50 M x 2.77 M | |
| Bonus Room | 1.83 M x 2.06 M | |
| Kitchen | 3.86 M x 4.50 M | |
| Bedroom | 2.92 M x 3.89 M | |
| Bedroom | 3.25 M x 4.22 M | |
| Dining room | 3.45 M x 4.50 M | |
| Living room | 3.91 M x 4.80 M |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 4.52 M x 4.60 M | |
| 4pc Bathroom | 2.46 M x 3.83 M |
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
-1.05%
Cap rate
4.65%
GRM
13.8
Break-even rent
$3,814
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 23, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.