Lethbridge is a city located in the province of Alberta, Canada. This city has a population of 101,482 individuals according to a census that was conducted in 2019. Because of the beauty of the city and many other reasons the city has become the first city in Canada that has surpassed 100,000 people.
Living in this Canadian city is very affordable. The average monthly salary in Lethbridge costs $1,926 while the record average cost of living here is $1,530. Real estate prices in the city are on average 11.3% cheaper than in the capital city of Alberta, Canada.
Lethbridge is the fastest-growing city in Canada. It has many wonderful schools and colleges. So, you don’t have to worry about your children’s education. Settling in Lethbridge would be a great decision in your life.
Affordable houses to live in Lethbridge
If we compare Lethbridge with other Canadian cities, then approximately $ 5,790.3 is needed to maintain the same standard and quality of life that you can have in Calgary with $6100. One of the reasons for this difference is affordable real estate prices in Lethbridge.
There are a number of different construction styles available in the city. These architectural styles depending on the market demand. The most affordable ones are the single-family residential apartments that can be attached, semi-detached or detached, the condominiums, and the townhomes.
A brief description of these styles will help you to differentiate between these houses. Single-family homes are single-standing residential buildings that can be attached or detached from adjacent walls.
The condominiums consist of many units so it is multiple unit housing complexes. Each of these units is owned individually. The last ones are the townhomes which are also known as the townhouses. These are the most demanding residential units in Lethbridge. One of the reasons for their popularity is their modern designs that keep on updated by authorities according to every new trend. It is a type of terraced housing.
Townhouse in Range in $100K to $300K and Real Estate Market Condition of Lethbridge
Townhouses are the most widely used houses in Lethbridge as they are available at very cheaper rates. You can buy a townhouse within the range of $100K to $300K. You can find here many examples of townhouses available for sale in this range.
A two-bedroom and one-bathroom townhouse are available for sale at 15, 275 Columbia Boulevard W, Lethbridge, Alberta. This townhouse costs $187,000. Another two-bed and 3-bath townhouse is available for sale at 4, 217 Silkstone Road W 4, Lethbridge, Alberta. This townhouse costs only $269,000.
Similarly, another four-bed and 2 bath townhouses are available for sale at 135 Blackfoot Boulevard W, Lethbridge, Alberta. This beautifully constructed townhouse costs only $255,000.
The real estate market in Lethbridge is doing very well. Over 2300 houses were sold out last year. This is a solid jump from 1600 houses in 2019. The total value of sold-out homes this year is about $1.1 billion.
