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11553 75 Avenue
Beds
5
Baths
4 full + 1 half
Sqft
1,503
Year
2012
Type
Single Family
On market
35d
Welcome to this legally suited 2-storey home built in 2012—an ideal opportunity for investors or first-time buyers looking to offset their mortgage. The upper suite features a spacious layout with 3 bedrooms and 2.5 bathrooms, perfect for families. Currently tenant-occupied until January 2027, this unit generates $2,000/month plus utilities, providing immediate and reliable income. The lower suite will have tenants as of May 15/26 until August 31/26 (then month to month) generating $1650/month and offers 2 bedrooms and 1 full bathroom, complete with its own separate entrance and private laundry. Both suites are thoughtfully designed with separate gas and electricity meters, allowing for easy utility management and added convenience for landlords and tenants alike. Located in Westpointe, this property is close to parks, schools, and amenities—making it attractive for long-term tenants and homeowners. Whether you’re looking to invest or live in one unit while renting the other, this property delivers flexibility, functionality, and strong income potential. Don’t miss this opportunity to step into homeownership with built-in revenue! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 3pc Bathroom | — | |
| Primary Bedroom | 15.00 Ft x 13.00 Ft | |
| Bedroom | 10.00 Ft x 9.67 Ft | |
| Bedroom | 13.00 Ft x 10.50 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Bedroom | 9.25 Ft x 9.25 Ft | |
| Bedroom | 12.00 Ft x 9.50 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
2.10%
Cap rate
5.28%
GRM
12.6
Break-even rent
$3,116
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 Jun 1, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.