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241 N 250 E
Beds
5
Baths
3
Sqft
1,263
Year
2007
Type
Single Family
On market
0d
Welcome to this well cared for bungalow sitting on a spacious 0.27-acre lot just a 25-minute drive from Lethbridge and walking distance to the new Raymond High School, Victoria Sports Park, and Hospital! With 5 bedrooms, 3 full bathrooms, a fully finished basement, and a fully fenced yard, this home offers plenty of space both inside and out for a growing family. This home has received many recent updates this Spring, including a new roof, new kitchen countertops, new carpet on the stairs and in the basement, and a fresh coat of paint from top to bottom! The main floor features a bright open-concept layout with hardwood floors throughout the kitchen, dining, and living areas, creating a warm and welcoming space to gather. You’ll find 3 bedrooms upstairs, including a comfortable primary suite with a walk-in closet and private 3-piece ensuite. Another full bathroom on the main floor adds convenience to the everyday layout. Downstairs, the fully developed basement offers a large family room centred around a cozy wood-burning stove, along with 2 additional bedrooms, another full bathroom, and a large utility/storage area with a sink beside the washer and dryer setup. Outside, the property continues to shine. The yard is fully fenced and landscaped with mature trees and bushes, creating a peaceful and private setting. There’s also a greenhouse, a large garden area, and plenty of room to enjoy outdoor living, whether you love gardening, entertaining, or simply having extra space to spread out. The attached garage is fully insulated and already equipped with in-floor heating pipes ready to be completed, plus built-in shelving, and easily accessible attic space for storage and organization. Thoughtful extras like the manifold plumbing system, high-efficiency furnace, central vac, mud room entry, and oversized pantry/storage space add even more functionality to this move-in-ready home. If you’ve been looking for a solid family home with space, comfort, and a great yard in Ra ymond, this one is definitely worth a look. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.08 Ft x 11.08 Ft | |
| Bedroom | 9.50 Ft x 13.42 Ft | |
| Bedroom | 10.33 Ft x 11.08 Ft | |
| Family room | 17.92 Ft x 15.08 Ft | |
| Recreational, Games room | 14.42 Ft x 13.42 Ft | |
| Storage | 6.50 Ft x 11.08 Ft | |
| Laundry room | 12.92 Ft x 13.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 7.75 Ft x 6.00 Ft | |
| 4pc Bathroom | 7.83 Ft x 6.25 Ft | |
| Bedroom | 9.92 Ft x 12.00 Ft | |
| Bedroom | 10.25 Ft x 12.00 Ft | |
| Dining room | 8.83 Ft x 10.67 Ft | |
| Kitchen | 9.08 Ft x 12.67 Ft | |
| Living room | 17.83 Ft x 18.25 Ft | |
| Primary Bedroom | 14.50 Ft x 12.67 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
5.29%
Cap rate
5.92%
GRM
11.6
Break-even rent
$2,874
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 Raymond. 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.