JN REAL ESTATE GROUP

Varsity Village

LIST PRICE

$204,900

56, 55 Lemoyne Crescent W, Lethbridge · T1K4J7

2 BEDROOMS · 1 BATHROOMS · 959 SQFT · BUILT 1977

MLS A2309754 · 76 DAYS ON MARKET

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RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

Revenue Property Opportunity – Long-Term Tenant in Place! Well-located 2-storey condo townhome offering a practical and desirable layout for tenants, with kitchen, dining, and living room on the main floor, plus 2 bedrooms and a full 4-piece bathroom upstairs. The oversized primary bedroom spans the full width of the unit and features double closets, offering excellent storage and tenant appeal. The unfinished basement includes in-suite laundry with washer and dryer, additional storage space, and future value-add potential. This property has a history of very long-term tenancy, making it an attractive option for investors seeking stable occupancy and reliable rental demand. The unit is currently in lived-in condition and would benefit from cosmetic updates such as paint and flooring over time. Priced accordingly, this creates an excellent opportunity for an investor to improve value gradually while maintaining income potential. Located in a professionally managed condo corporation with consistent upgrades, including all decks replaced last year. Close to shopping, transit, parks, and the university—an ideal rental location with strong tenant demand.

DETAILS

INTERIOR

BEDROOMS
2
FULL BATHS
1
HALF BATHS
0
LIVING AREA (SQFT)
959
FEATURES
See Remarks
APPLIANCES
Dryer · Electric Stove · Refrigerator · Washer
FLOORING
Carpet · Linoleum
BASEMENT
Full
BASEMENT DEVELOPMENT
Unfinished

BUILDING

TYPE
Row/Townhouse
STYLE
2 Storey
YEAR BUILT
1977
NEW CONSTRUCTION
No
CONSTRUCTION
Wood Frame
ROOF
Asphalt Shingle
FOUNDATION
Poured Concrete

PARKING

TOTAL PARKING
1
PARKING
Stall

LOT & EXTERIOR

LOT SIZE (SQFT)
175,829
LOT SIZE (ACRES)
4.04
LOT
Many Trees
EXTERIOR
Courtyard
PATIO & PORCH
Deck
FENCING
None

COMMUNITY

COMMUNITY
Varsity Village
COMMUNITY FEATURES
None
ZONING
R-100
POSTAL CODE
T1K4J7

UTILITIES & COSTS

HEATING
Forced Air
COOLING
None
CONDO FEE
$295
FEE FREQUENCY
Monthly
FEE INCLUDES
Maintenance Grounds · Parking · Professional Management · Reserve Fund Contributions · Snow Removal · Trash
ANNUAL TAXES
$1,737

LISTING COURTESY OF JASON HUMPHREYS · HOMETIME PROPERTY SERVICES LTD. O/A HOMETIME

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.