For Sale · Multifamily

9622 Hillcrest Drive, Grande Prairie

9622 Hillcrest Drive, Grande Prairie, AB T8V1A6

$799,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

87%

Year Built

2026

Lot Size

0.29525113297717237 ac

About this property

BRAND-NEW FULL DUPLEX ON ONE TITLE WITH SEPARATE BASEMENT SIDE ENTRANCES, OVERSIZED PIE-SHAPED LOT, AND ESTIMATED DECEMBER 15, 2026 COMPLETION! An exceptional opportunity for investors, homeowners, or multi-generational families, this full duplex features the popular Kinley floor plan, with each side offering over 1,290 sq. ft. of thoughtfully designed living space, 3 bedrooms, 2.5 bathrooms, an attached garage, separate power and gas meters, and a private side entrance to the basement stairwell. Quality finishes include quartz countertops, tile backsplashes, soft-close shaker cabinetry, upgraded stainless steel appliances, pendant lighting, and durable Valhalla Barnwood vinyl plank flooring. The open-concept main floors feature spacious living and dining areas, functional kitchens with corner pantries, convenient laundry, and powder rooms. Upstairs, each unit offers a spacious primary suite with a walk-in closet and 4-piece ensuite, plus two additional bedrooms and a full bathroom. Each undeveloped basement features a separate side entrance into the stairwell and excellent future development potential, with room for additional bedrooms, a full bathroom, and recreation space. Energy-efficient features include hot water on demand, high-efficiency furnaces, Low-E argon windows, lifetime IKO fiberglass shingles, and a 10-year New Home Warranty. The insulated and drywalled attached garages add everyday convenience, while the massive southwest-facing pie-shaped lot with rear alley access provides exceptional outdoor space. Ideally located within walking distance of downtown, bus stops, a school, the former hospital site, and the long-term care facility. For investors looking to expand their portfolios, the opportunity to purchase up to 5 additional adjacent duplexes makes this an exciting investment opportunity! Photos and 3D tour are from a previous build and are provided for reference only; final finishes, colours, and layouts may vary. Please review the updated floor plans in the photos and click the multimedia link to explore the 3D tour. (id:66811)

Financial sandbox

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Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$34K

Annual cash flow

$-10K

Cash-on-cash

-4.11%

DSCR

0.78

Going-in cap

4.31%

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.

Area demographics

Trade area within 3 miles of the property.

Population

139,762

Households

53,640

Median income

$119,500

Median age

33.5

Daytime population

142,948

5-yr growth

6.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 9622 Hillcrest Drive, Grande Prairie.

NDA required
  • 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.