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Investment signal

$520,000

10531 104 Avenue

Save this home

Beds

5

Baths

3

Sqft

Year

1962

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grande Prairie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Click brochure link for more details** Investor Alert!! One-of-a-kind Investment Property. Well maintained Legal Duplex Located in Bear Creek, College Park subdivision with walking distance to Polytechnic college, new hospital and Muskoseepi park. Built in 1962 and converted into a Legal Duplex in 2017. This property has a unique floor plan that needs to be seen to be fully appreciated. The upper level is a 2 bedroom, 1 bath, 812 sq foot completely self-contained legal unit complete with private entrance, SS fridge, stove, dishwasher and in unit washer & dryer. The main level is 1443 sq ft and is ideal for households that prefer two living spaces such as a couple with a best friend or family member, a family with an older teenager or young adult living at home or multi generational families with an aging parent. Each living space, has one living room, one full bathroom and separate laundry areas. One area has 2 bedrooms, a full kitchen with a stove, fridge, dishwasher and a large pantry. The other area has 1 bedroom, a kitchenette with a microwave, fridge and dishwasher. There is double access to a large south facing back deck. SS appliances throughout. Built in vacuum. A 26’x11’ cement parking pad at the front and a 33’x26’ cement parking pad at the back. For storage, there is one small shed and one large shed in the backyard. Updates include asphalt shingles replaced in 2025, hot water tank in 2023 and the sewer line was replaced in 2020. Front landscaping redone in 2021 and refreshed in 2025. Current monthly income $4700. Upper legal unit has lease in place till June 30th, 2026 and main floor unit has lease in place till August 31, 2026. (id:65958)

Subtype
Single Family
Structure
House
Community
College Park
Common interest
Freehold
Living area
2,255 square feet
Lot size
562.1 square meters
Lot dimensions
562.10
Bedrooms
5 above grade, 0 below grade
Parking
4 total
Stories
2
On market
Apr 15, 2026
Status changed
Apr 18, 2026
Annual tax
$5,607 (2025)
Zoning
RT
Photos
36
MLS#
A2301345
Area
GRANDE_PRAIRIE

Features and systems

Parking

Parking PadOtherStreet

Basement

NoneSuite

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveSee remarks

Heating

Forced airNatural gas

Cooling

None

Exterior

Wood siding

Flooring

Vinyl Plank

Foundation

Poured Concrete

Lot

Back laneLevel

Security

Smoke Detectors
Positive cash flow ~$59/mo at these assumptions

Cash on cash

0.68%

Cap rate

5.00%

GRM

13.1

Break-even rent

$3,238

Financing

Down payment$104,000
Loan amount$416,000
Mortgage$2,108/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$238
Insurance$80
Maintenance$433
CapEx reserve$217
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,108/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.

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