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Investment signal

$99,900

8623 102 Avenue

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Beds

Baths

Sqft

Year

Type

Vacant Land

Suite

Suite potential

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

Prime corner lot investment in a highly sought-after, established newer subdivision. With a rare 70’ rear width, this oversized lot offers exceptional build flexibility and strong upside. Backs onto natural wetland—a premium feature that enhances long-term value, privacy, and tenant appeal. Zoned for a legal up/down suited duplex, making it an ideal opportunity for immediate income generation or a strategic hold-and-build play. Located within walking distance to both K–9 public and K–8 Catholic schools, plus parks and green space—key drivers for consistent rental demand. Opportunities like this—size, location, and income potential—are increasingly hard to find. (id:65958)

Subtype
Vacant Land
Community
Crystal Landing
Common interest
Freehold
Lot size
6,144.23 square feet
Lot dimensions
6144.23
On market
Apr 30, 2026
Status changed
Apr 30, 2026
Annual tax
$1,082.84 (2025)
Zoning
RS
Photos
3
MLS#
A2306619
Area
GRANDE_PRAIRIE
Positive cash flow ~$1,624/mo at these assumptions

Cash on cash

97.56%

Cap rate

24.38%

GRM

3.5

Break-even rent

$690

Financing

Down payment$19,980
Loan amount$79,920
Mortgage$405/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$46
Insurance$80
Maintenance$83
CapEx reserve$42
Vacancy loss$120

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.

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.

Mortgage estimate

Estimated $405/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 30, 2026.

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