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$949,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
93%
Year Built
2026
Brand-New Contemporary Triplex Designed for Maximum Cash Flow Potential. Almost done, finishings have started and targeted completion is December 15, 2026. Eligible investors can take advantage of the new federal budgets allowance for 10% down CMHC FINANCING! This purpose-built investment property features three self-contained suites, each offering 3 bedrooms, 2 full bathrooms, stainless steel kitchen appliances, separate power and gas meters, individual furnaces, and Navien hot water on demand systems. Located in Highland Park within walking distance to shopping, grocery stores, restaurants, and Grande Prairie's vibrant downtown core, this property offers a highly desirable rental location. Each suite is thoughtfully designed to maximize rental appeal and tenant retention, featuring an open-concept kitchen and living area, spacious primary bedroom, full 4-piece bathroom, large island, corner pantry, soft-close cabinetry, and real wood soft-close drawers. The fully developed basement adds two additional bedrooms, another full bathroom, a second living area, and in-suite laundry, creating an ideal layout for families and working professionals. Built for long-term ownership and reduced operating costs, each unit has separate utility services so tenants pay their own power and gas, plus individual furnaces and hot water systems. Every suite includes a dedicated two-vehicle concrete parking stall, 2 stalls in the front and 4 at the back with back alley access, while added peace of mind comes from a 10-Year New Home Warranty, Navien hot water on demand systems with a 15-year warranty, and durable lifetime IKO shingles. Whether you're expanding your portfolio, seeking a turnkey multi-family asset, or looking to live in one unit while generating income from the others, this high-performing investment opportunity offers strong cash flow potential in one of Grande Prairie's most established rental markets. ( sample pics from similar 3 plex build same builder, different la yout, this build's kitchen doesn't have islands, see plans and specs) (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$45K
Annual cash flow
$-8K
Cash-on-cash
-2.69%
DSCR
0.85
Going-in cap
4.73%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
70,969
Households
28,018
Median income
$99,000
Median age
45.5
Daytime population
112,697
5-yr growth
3.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 9825 96 Avenue, Grande Prairie.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.