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Year
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Type
Vacant Land
On market
484d
BUILD-TO-SUIT… Let Us Help You Dream.The Seller is open to partnering in bringing your vision to life. Preliminary renderings for a Hyatt Hotel are already complete, offering a significant head start — but this opportunity is not limited to hospitality.Whether you’re envisioning a hotel, mixed-use development, medical facility, retail centre, or a completely custom commercial concept… this is your chance to build exactly what the market demands.?Prime Commercial Development Opportunity2.82 Acres | CA (Arterial Commercial) Zoning | Highway 43 ExposurePositioned along Highway 43 and the highly trafficked 116 Street corridor, this 2.82-acre parcel offers exceptional visibility and access in one of Grande Prairie’s most strategic commercial locations.Key Highlights:• CA (Arterial Commercial) Zoning – Permits a wide range of commercial uses including retail, office, hospitality, automotive, service stations, and more.• High-Exposure Location – Direct frontage along one of the city’s busiest routes, maximizing signage and brand visibility.• Services at the Road – All major utilities available, streamlining development timelines and costs.• Strategic Positioning – Minutes from the airport, major shopping centres, hotels, and established commercial hubs.• Growth Corridor – Grande Prairie continues to expand commercially, making this a strong long-term investment opportunity.This property offers flexibility, exposure, and scale — three pillars of successful commercial development.Bring your concept. Let’s explore what’s possible. * open to working with clients choice of builder* (id:65958)
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
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,995
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 May 27, 2026.
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.