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230 Couleesprings Grove S
Beds
4
Baths
4
Sqft
2,818
Year
2010
Type
Single Family
On market
0d
Welcome to 230 Couleesprings Grove S, an exceptional custom-built estate offering refined luxury, expansive living space, and outstanding income-generating potential in one of South Lethbridge’s most prestigious neighbourhoods. Situated on a beautifully landscaped 0.26-acre pie-shaped lot, this impressive 2-storey residence features over 2,800 sq. ft. above grade, 5 bedrooms, 4 full bathrooms, and the flexibility to create a 6th bedroom.The bright, open-concept main floor showcases soaring ceilings, a dedicated office, and a stunning chef’s kitchen complete with a massive island, black granite countertops, abundant cabinetry, and a walk-through pantry connecting directly to the mudroom and heated quad garage with mezzanine storage. Designed for modern luxury living, the spacious living room is enhanced by a fully integrated Control4 smart home system with built-in 7.2 surround sound, delivering seamless control of your home’s entertainment and technology.Upstairs, you’ll find three generous bedrooms, a large bonus room, and a luxurious primary retreat featuring a gas fireplace, walk-in closet, private laundry, and a spa-inspired 5-piece ensuite with dual vanities, soaker tub, and separate shower.The fully developed basement offers a theatre room with wet bar plus a self-contained 1-bedroom legal suite with separate entrance and laundry access—an attractive feature for investors seeking supplemental rental income or homeowners looking to offset ownership costs while maintaining privacy.Additional premium upgrades include zoned heating, central air conditioning, ICF foundation, 2x6 construction, Roxul insulation, HRV system, backup generator, Hardie board siding, underground sprinklers, and a private backyard surrounded by mature trees. A rare opportunity to acquire a high-calibre property that seamlessly blends luxury living, advanced smart home technology, exceptional craftsmanship, and enduring investment value. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.33 Ft x 5.08 Ft | |
| Bedroom | 12.00 Ft x 10.08 Ft | |
| Kitchen | 6.92 Ft x 13.92 Ft | |
| Living room | 17.83 Ft x 22.33 Ft | |
| Storage | 8.67 Ft x 6.33 Ft | |
| Media | 12.83 Ft x 18.67 Ft | |
| Furnace | 9.00 Ft x 8.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 4.92 Ft | |
| Den | 10.25 Ft x 10.25 Ft | |
| Dining room | 9.00 Ft x 10.25 Ft | |
| Kitchen | 14.58 Ft x 18.25 Ft | |
| Living room | 15.00 Ft x 18.42 Ft | |
| Other | 10.08 Ft x 6.42 Ft | |
| Pantry | 16.17 Ft x 10.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 12.17 Ft | |
| 5pc Bathroom | 11.83 Ft x 12.42 Ft | |
| Bedroom | 11.17 Ft x 12.42 Ft | |
| Bedroom | 10.92 Ft x 12.50 Ft | |
| Laundry room | 5.33 Ft x 9.33 Ft | |
| Loft | 14.50 Ft x 10.33 Ft | |
| Primary Bedroom | 16.67 Ft x 18.58 Ft | |
| Other | 8.67 Ft x 9.83 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
-0.89%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,360
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 Jun 9, 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.