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Lethbridge · Single Family · under $450,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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5, 490 Highlands Boulevard W
Situated on the west side of Lethbridge in the Skye development, this beautifully maintained 2-storey condo offers stunning views of a tranquil park and pond through a full wall of transom windows and features a large private concrete patio with privacy walls to enjoy the scenery throughout the day. With 3 bedrooms and 3.5 bathrooms, the home showcases pride of ownership and an open-concept design highlighted by a modern kitchen with stainless steel appliances, quartz countertops, under-cabinet lighting, a garburator, built-in microwave, and stylish pendant lighting over the island. The professionally developed basement provides excellent additional living space for a family room, complete with a 3-piece bathroom, laundry area, and abundant storage, including under-stair storage and custom shelving in the furnace room. Upstairs, the bedroom level includes a walk-in linen closet plumbed for a washer and dryer, offering the option for convenient upper-floor laundry, while the primary suite features a walk-in closet and a 3-piece ensuite. Ideally located near shopping, coffee shops, restaurants, schools, public transit, walking paths, and just minutes from the University, this bright and beautiful home truly checks all the boxes. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.25 Ft x 5.33 Ft | |
| Bedroom | 12.58 Ft x 18.92 Ft | |
| Storage | 6.42 Ft x 5.08 Ft | |
| Furnace | 7.42 Ft x 8.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.00 Ft x 5.50 Ft | |
| Dining room | 8.25 Ft x 9.00 Ft | |
| Foyer | 3.75 Ft x 4.67 Ft | |
| Kitchen | 11.17 Ft x 9.58 Ft | |
| Living room | 13.75 Ft x 9.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.50 Ft x 8.25 Ft | |
| 4pc Bathroom | 8.00 Ft x 5.33 Ft | |
| Bedroom | 13.42 Ft x 9.25 Ft | |
| Bedroom | 11.33 Ft x 9.25 Ft | |
| Primary Bedroom | 15.58 Ft x 10.25 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
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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
4.58%
Cap rate
5.78%
GRM
11.8
Break-even rent
$2,571
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 29, 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.