The Opportunity

Overview

Discover the possibilities at 1501 16 Avenue S. This full duplex in south Lethbridge offers two complete, single level homes in one sale. Each unit features two bedrooms, a four piece bathroom, a kitchen, a comfortable living area, and its own laundry. One unit also includes a pantry and a walk-in closet in the primary bedroom.Mature trees lend the property a welcoming feel, while yard space, off street parking, and nearby parks add to its everyday appeal. The heated triple garage has no windows for added privacy. It is currently unrented, although a request has been made to rent it for $600 per month.Each unit rents for $1,375 per month, providing $33,000 in annual gross rental income from the duplex. Whether you’re expanding your investment portfolio or considering a property where you could eventually live in one unit and rent the other, this duplex is worth a closer look. Book a viewing with your favourite REALTOR® today! (id:61970)

Investment highlights

01Multi-family

Property details

Property type: Multi-family
Transaction: For sale
Site area: 8,172 square feet
Listing brokerage: eXp Realty of Canada
Listing representative: Courtney Atkinson
Board / association: Lethbridge

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Financial information

Asking price$500,000

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Location intelligence

1501 16 Avenue S
Lethbridge, Alberta T1K0Y7

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Documents

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 30336031
Last supplied (UTC): October 23, 2026
Listing brokerage: eXp Realty of Canada
Listing representative: Courtney Atkinson
Board / association: Lethbridge

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: eXp Realty of Canada · Listing representative: Courtney Atkinson · Board/association: Lethbridge · Updated (UTC): Oct 23, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.