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Grande Prairie · Single Family · under $500,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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10761 74 Avenue
Turnkey Legal Up/Down in Prime Location! Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this well-maintained, legally suited up/down home is an excellent opportunity. The upper suite offers a bright, functional living space featuring 2 bedrooms and 2 bathrooms. The spacious kitchen and dining area open onto a private deck, while the inviting living room provides plenty of room to relax. The primary bedroom includes a walk-in closet and a 3-piece ensuite, with a second generously sized bedroom, a 4-piece bathroom, and in-suite laundry completing the upper level. The lower suite features its own private entrance and a thoughtfully designed layout with a spacious kitchen and dining area, a comfortable living room, two generously sized bedrooms, a 3-piece bathroom with in-floor heating, and a dedicated laundry room. Each suite has its own private entrance, separate laundry, and ample storage, making this an ideal setup for tenants or multi-generational living. Situated on a desirable corner lot in a fantastic neighbourhood, you'll enjoy extra yard space, added privacy, and convenient access to parks, schools, shopping, and other everyday amenities. This is a turnkey investment opportunity you won't want to miss! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.83 Ft x 8.42 Ft | |
| Bedroom | 13.67 Ft x 10.42 Ft | |
| Bedroom | 9.42 Ft x 12.75 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 14.25 Ft | |
| 4pc Bathroom | 8.83 Ft x 9.75 Ft | |
| Bedroom | 12.00 Ft x 13.50 Ft | |
| 3pc Bathroom | 6.17 Ft x 4.92 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
0.40%
Cap rate
4.94%
GRM
13.2
Break-even rent
$2,868
Financing
Operating expenses (monthly)
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Approximation 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.