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Lethbridge · Single Family · under $725,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2600 45 Street S
Located in Southbrook, one of Lethbridge’s most convenient neighbourhoods, this legally suited home offers a rare combination of thoughtful design, high-end finishes, and true functionality for both homeowners and investors. This isn’t your typical suited property (legally suited)—this floor plan was built to stand out, featuring vaulted ceilings, elevated finishings, two furnaces, separate entrances, an attached garage, and even dedicated off-street parking for basement tenants.The main floor immediately feels different with its bright, open layout and soaring vaulted ceilings that create a sense of space you don’t often find in (legal) suited homes. The kitchen is a clear focal point, showcasing high-end panelled appliances, including a fridge and dishwasher that blend seamlessly into the cabinetry, along with an induction cooktop, built-in oven and microwave, quartz countertops, and an island with bar seating. Just off the kitchen, the dining area leads out to your deck, complete with a natural gas line for a BBQ, while the living room is filled with natural light and framed by those same impressive vaulted ceilings.This level also features two spacious bedrooms and a four-piece bathroom, while the upper level is dedicated entirely to the primary suite. Up here, the vaulted ceilings continue, creating a private retreat that includes a large walk-in closet and an ensuite with dual vanities and a walk-in shower. The convenience of having the main laundry on this level adds to the overall functionality.Downstairs, the legal suite mirrors the quality of the main level in a way that’s rarely seen. With its own private entrance, separate furnace, and in-suite laundry, it’s fully self-contained and designed for long-term comfort. The open-concept living and dining space flows into a well-appointed kitchen that carries through the same cabinetry style, quartz countertops, and stainless steel appliances as upstairs. There’s no shortage of storage, and the layout is completed with two spacious bedrooms and a four-piece bathroom.Southbrook continues to be one of the most desirable areas in the city thanks to its proximity to major amenities, including shopping, restaurants, parks, and some of Lethbridge’s best recreational spaces, all just minutes away.This is a home that not only looks the part but performs where it matters, offering flexibility, income potential, and a level of finish that’s hard to come by in this category. Some of the photos are virtually staged. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 10.50 Ft x 10.33 Ft | |
| Bedroom | 12.67 Ft x 10.50 Ft | |
| Living room | 11.50 Ft x 11.17 Ft | |
| Kitchen | 10.75 Ft x 11.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 11.08 Ft x 11.08 Ft | |
| Bedroom | 11.00 Ft x 11.25 Ft | |
| Dining room | 10.00 Ft x 11.50 Ft | |
| Kitchen | 12.33 Ft x 13.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Primary Bedroom | 11.67 Ft x 12.33 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
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Insurance estimate
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Commute
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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
$4,087
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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 26, 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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