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282 Caribou Way N
Five bedrooms, one legal suite, zero compromises. Welcome to this stunning 2,484 sq ft two-storey in North Lethbridge that's barely been lived in. Four baths, dual laundry, dual furnaces, and high-end finishings throughout! Granite counters, vinyl plank flooring on every level, and central air. Step inside to a grand foyer that sets the tone. The main floor feels expansive and bright, with open-concept living and a spacious walk-through butler's pantry that delivers convenience and fantastic storage right where you need it, tucking away the clutter so your guests never have to see it. A true chef's kitchen anchors it all: gas cooktop, wall ovens, built-in refrigerator, and dishwasher, all wrapped in premium finishes. With more counter space than you'll ever need, this is a kitchen made for cooking — if you've got a large family, this house is for you! Living room anchored by a massive fireplace bringing the cozy for when its wanted. Right off the dining area are sliding glass doors that lead out to a covered patio with a gas line already run for the barbecue or fire table, while an oversized double attached garage out front keeps everything covered and convenient. Upstairs, you'll find three bedrooms, a full bathroom, a large bonus room, and upper-level laundry so that your day-to-day life couldn't be easier. The primary retreat steals the show up there, with a five-piece ensuite and a massive walk-in closet you have to see to believe. In the very downstairs, the legal two-bedroom suite is the real difference-maker. Separate parking, seperate entry, its own laundry, and this suite has never been used! The suite lives so seamlessly independant, you'll forget anyone's down there at all — until the mortgage help shows up every month. Built brand new by Stranville in the fall of 2025, premium finishes, and built-in income, this one truly has it all. Book your showing today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 9.58 Ft | |
| Bedroom | 13.25 Ft x 11.33 Ft | |
| Bedroom | 9.25 Ft x 13.42 Ft | |
| Living room | 8.67 Ft x 13.75 Ft | |
| Kitchen | 9.42 Ft x 13.75 Ft | |
| Furnace | 7.17 Ft x 11.75 Ft | |
| Other | 6.08 Ft x 9.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 3.00 Ft x 6.83 Ft | |
| Dining room | 13.42 Ft x 14.58 Ft | |
| Foyer | 8.42 Ft x 12.33 Ft | |
| Kitchen | 12.17 Ft x 14.67 Ft | |
| Living room | 13.25 Ft x 12.42 Ft | |
| Other | 5.58 Ft x 7.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 13.00 Ft | |
| 5pc Bathroom | 12.00 Ft x 5.83 Ft | |
| Bedroom | 10.50 Ft x 14.00 Ft | |
| Bedroom | 10.50 Ft x 13.00 Ft | |
| Laundry room | 6.00 Ft x 13.00 Ft | |
| Bonus Room | 17.92 Ft x 13.50 Ft | |
| Other | 8.17 Ft x 13.00 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
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,725
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
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 17, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.