11212 75A Avenue, Grande Prairie - Multi-family for Sale

Description

Exceptional opportunity to own a cash-flowing revenue property in one of Grande Prairie’s most sought-after family neighbourhoods. Located in Westpointe at 11212 75A Avenue, this well-maintained up/down duplex offers strong rental income, a proven rental history, and well-maintained major mechanical systems.The property features 5 bedrooms and 2 full bathrooms across two self-contained suites. The upper suite offers 3 bedrooms and 1 bathroom with a bright, open-concept layout, spacious living area, and functional kitchen and dining space. The lower suite features 2 bedrooms and 1 bathroom, providing excellent flexibility for tenants, investors, or multi-generational living.Currently generating $4,000 per month in rental income ($2,100 upper / $1,900 lower), the property offers attractive cash-flow potential. With 25% down, buyers may benefit from approximately $1,000 per month in additional cash flow, depending on financing and operating costs.Tenant and lease details provide clear visibility for investors: rent currently includes approximately $250/month in utilities, with tenants responsible for any utility costs above that amount. The upper lease expires June 1, 2027, while the lower lease expires September 1, 2027, giving a future owner a clear timeline for potential occupancy, lease renewal, or rental-rate adjustments.Ownership pride is evident throughout. The lower furnace was replaced approximately three years ago, both on-demand hot water systems have been professionally serviced annually, and the roof is in good condition, offering added confidence for investors.One of the property’s standout features is the professionally built 8’ x 8’ insulated outbuilding, finished to match the home’s exterior. Designed with versatility in mind, it includes soundproof insulation, ventilation for welding or heat extraction, hardwired Ethernet with six connection points, dual 100-amp panels supplying 50 amps each, and a secure steel entry door with dual locks. Wh ether used as a workshop, hobby room, gaming space, home business setup, gardening room, or creative studio, this space adds unique value rarely found in comparable properties.The existing TELUS internet plan may also be transferable to the new owner, providing access to a highly competitive rate.Whether you’re looking to expand your investment portfolio, offset your mortgage by living in one suite, or secure a turnkey income property in a strong Westpointe location, this is an opportunity worth exploring. Long-term rental history and financial information are available to qualified buyers upon request. (id:66096)

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