1 / 24

New buildInvestment signal

$1,600,000

43 Prairie Lake Drive

Save this home

Beds

—

Baths

—

Sqft

2,992

Year

2026

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

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

About this home

Welcome to a rare, brand new 6-plex investment opportunity located in one of the town's most desirable communities—surrounded by luxury homes and positioned just steps from scenic walking paths and tranquil pond views.This purpose-built property offers six fully self-contained units with modern layouts, high-quality finishes, and strong rental appeal in a premium location. Designed for long-term performance, this asset provides investors with the advantage of new construction—minimal maintenance, maximum efficiency, and optimal tenant attraction.What truly sets this property apart is the inclusion of 4 detached garages and 4 detached storage units, offering additional income potential and added convenience for tenants—an uncommon feature that enhances both cash flow and desirability.The setting is second to none, with immediate access to walking trails, green space, and water features, all while being surrounded by upscale residential homes—creating a strong tenant profile and long-term value stability.Investment Highlights:Brand new construction – low maintenance, high efficiency6 fully self-contained units with modern finishesLocated in a premium neighbourhood surrounded by luxury homesSteps to walking paths, ponds, and green space4 detached garages + 4 detached storage units (additional revenue potential)Strong rental demand in a high-quality locationIdeal for long-term hold with appreciation upsideThis is a rare opportunity to secure a high-end, turnkey multi-family asset in a location that stands out from typical rental properties. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Common interest: Freehold
Living area: 2,992 square feet
On market: Apr 11, 2026
Status changed: Apr 15, 2026
Annual tax: $0 (2026)
Zoning: R-2
Photos: 23
MLS#: A2297842
Area: TABER

Features and systems

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

ConcreteComposite Siding

Construction

Poured concreteICF Block

Foundation

See Remarks

Negative cash flow ~$1,699/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,788

Financing

Down payment$320,000

Loan amount$1,280,000

Mortgage$6,486/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733

Insurance$80

Maintenance$1,333

CapEx reserve$667

Vacancy loss$400

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 $6,486/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 15, 2026.