Investment Property in Lethbridge

Investment Real Estate in Lethbridge

Investment Property in Lethbridge
Investment Property in Lethbridge

Lethbridge property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Lethbridge .

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Search Map of Lethbridge Investment Real Estate

Lethbridge () is a city in the province of Alberta, Canada. With a population of 101,482 in its 2019 municipal census, Lethbridge became the fourth Alberta city to surpass 100,000 people. The nearby Canadian Rocky Mountains contribute to the city’s warm summers, mild winters, and windy climate. Lethbridge lies southeast of Calgary on the Oldman River.

Lethbridge is the commercial, financial, transportation and industrial centre of southern Alberta. The city’s economy developed from drift mining for coal in the late 19th century and agriculture in the early 20th century. Half of the workforce is employed in the health, education, retail and hospitality sectors, and the top five employers are government-based. The only university in Alberta south of Calgary is in Lethbridge, and two of the three colleges in southern Alberta have campuses in the city. Cultural venues in the city include performing art theatres, museums and sports centres. It was home to ARCHES, North America’s busiest supervised drug use facility from March 2018 to August 2020 which was dubbed a “new landmark” by The Star.

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The financial stability of Lethbridge has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Lethbridge

Renting out your Lethbridge buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Lethbridge are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Lethbridge and be prepared to change your initial outlook.
  • Thoroughly research the Lethbridge location with a special emphasis on fringe areas outside the main Lethbridge metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Lethbridge.
  • Ensure that your target investment property in Lethbridge appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Lethbridge properties yourself is an easy option, but are these savings justifiable when you run into Lethbridge red tape? Physis Realty Lethbridge office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Lethbridge buy-to-rent sector.

With our expert guidance, investing in Lethbridge provides the secure knowledge that your money is working harder than it would in a local Lethbridge bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Lethbridge, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Lethbridge property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Lethbridge

Flipping property in Lethbridge

Flipping property is when we advise clients to buy a Lethbridge property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Lethbridge market has a time to react to the renovation.

The Flipping Strategy in Lethbridge

Investment property flipping in Lethbridge is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Lethbridge real estate investments are sometimes referred to by professionals as ‘distressed’ Lethbridge real estate.

What is distressed Lethbridge property:

  • Lethbridge property in need of renovation
  • Lethbridge real estate with a change of purpose and use
  • Oversold Lethbridge property
  • Bank repossessions in Lethbridge

Put simply, long term investors in Lethbridge purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Lethbridge investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Lethbridge property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Lethbridge use a minimum profit value of 22% when looking at potential Lethbridge projects. The reason for this is because there are lots that can go wrong in Lethbridge property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Lethbridge

For luxury property investors hoping to add a superb property in Lethbridge to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Lethbridge, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Lethbridge should be entrusted to only the highest-quality agency.

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