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Lethbridge · Single Family · under $525,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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43 Riverwood Manor W
Open concept raised bungalow with a kitchenette! Step up into this good-natured home that sparkles in natural light. Fully finished with a total of 4 bedrooms, 2 full bathrooms, and boasting a convenient summer kitchen down. The summer kitchen is certainly not a full secondary suite, but would be ideal for students or extended family stays. The main bathroom is definitley oversized, and caters to those wanting room to maneuver and those who appreciate a long, hot soak in the corner tub. Since 2021 the owners have made SIGNIFICANT improvements throughout the property including new shingles, new kitchen appliances, new hot water tank, new sinks faucets, lighting upgrades, new garage overhead opener, fence refreshing, as well as new hot tub and gazebo. Additionally all heating ducts have been recently professionally cleaned. While the finished and heated garage is deep (fits a full sized pick up truck) and can accomodate more vertical storage space, the property also has paved back AND side lane access for wonderful RV parking potential. Located in Riverstone a few steps away from premium pathways and greenspace. Mature landscaping boasts raised planter boxes, and a well established tree belt on the west side of the yard which provides wind/sun shelter plus some sound soaking. Other bonus benefits are that the kitchen hoodfan is direct vented, doggy door out the garage, and the current owners have NEVER smoked in the home. Over and above the features just mentioned, possession date could be flexible too! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Other | 15.50 Ft x 11.83 Ft | |
| Recreational, Games room | 18.50 Ft x 24.08 Ft | |
| Hall | 4.50 Ft x 7.33 Ft | |
| Bedroom | 11.50 Ft x 12.58 Ft | |
| Bedroom | 11.08 Ft x 13.33 Ft | |
| Furnace | 4.92 Ft x 8.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Kitchen | 13.00 Ft x 9.25 Ft | |
| Living room | 21.08 Ft x 17.50 Ft | |
| Dining room | 13.25 Ft x 10.08 Ft | |
| Primary Bedroom | 14.00 Ft x 13.08 Ft | |
| Bedroom | 12.17 Ft x 13.25 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
-1.13%
Cap rate
4.64%
GRM
13.8
Break-even rent
$2,995
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.
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 20, 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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