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1, 269 Laval Boulevard W
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Beds
3
Baths
2 full + 1 half
Sqft
578
Year
1977
Type
Single Family
On market
5d
Looking for a smart investment or a way to turn your student's rent payments into long-term equity? This affordable and well-located condo is the perfect opportunity. Whether you're an investor seeking a reliable rental property or parents looking to help your university-aged child build a stronger financial future, this property checks all the boxes. For investors looking to expand their portfolio, there is also a unique opportunity to purchase three of the four units in this fourplex, creating excellent potential for increased cash flow, simplified management, and long-term appreciation. One of the standout features of this property is the exceptionally low condo fees, helping keep monthly ownership costs affordable and maximizing your investment potential. The functional main floor layout offers a spacious living area highlighted by a large patio door that fills the space with natural light and leads to your own private balcony. The updated kitchen provides plenty of functionality, while the dining area is ideal for everyday living. A convenient half bath and a large storage/pantry space complete the main level. Downstairs, you'll find three bedrooms and a 4-piece bathroom, creating a practical setup for students, roommates, or tenants. Location is everything, and this condo delivers. Situated within walking distance of the University of Lethbridge and Nic Sheran Park, you'll appreciate the convenience and lifestyle this area offers. Restaurants, grocery stores, and the Cor Van Raay YMCA are all just a short drive away, making day-to-day living easy and enjoyable. Opportunities like this don't come along often. Whether you're adding to your investment portfolio or helping your child take their first step toward financial success, this property is well worth a look. With low condo fees, an excellent location, strong rental appeal, and the possibility to acquire multiple units within the complex, this is a property that makes financial sense. Contact your REALTOR® to book a viewing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 9.42 Ft x 13.42 Ft | |
| Bedroom | 7.92 Ft x 11.33 Ft | |
| Bedroom | 7.42 Ft x 10.58 Ft | |
| 4pc Bathroom | 6.83 Ft x 7.17 Ft | |
| Furnace | 7.17 Ft x 8.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.83 Ft x 19.25 Ft | |
| Kitchen | 8.25 Ft x 9.42 Ft | |
| Dining room | 5.75 Ft x 9.42 Ft | |
| 2pc Bathroom | 3.25 Ft x 7.58 Ft | |
| Storage | 7.58 Ft x 12.42 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
20.45%
Cap rate
8.95%
GRM
8.3
Break-even rent
$1,539
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 7, 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.