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8821 65 Avenue
Beds
5
Baths
3
Sqft
1,110
Year
2004
Type
Single Family
On market
34d
Investor Opportunity – Revenue Property with Tenants5 bedroom, 3 bathroom!This home offers a fantastic opportunity for investors or buyers looking for a mortgage helper, featuring an illegal up/down suite with separate entrances and great functional layouts.The upper level is bright and welcoming, with a front entry leading into a spacious living room highlighted by large windows. The cozy kitchen overlooks the living area, with a dedicated dining space to the side and direct access to a deck—perfect for everyday living and entertaining. Down the hall, you’ll find two comfortable bedrooms, a full bathroom, and a generously sized primary bedroom complete with its own ensuite. The upper unit is currently tenant-occupied, and the tenants would love to stay.The lower level features a separate rear entrance, leading into an open-concept living space that includes a living room, full kitchen, and dining area. This unit offers two bedrooms and one full bathroom, providing a practical and comfortable layout. The basement is also tenant-occupied, with tenants who would be happy to remain.Shared laundry is located in the furnace/utility room.Whether you're looking to expand your rental portfolio or offset your living costs, this property offers strong potential with built-in tenants already in place. Contact your REALTOR® to book a viewing. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.00 Ft x 12.00 Ft | |
| Bedroom | 10.00 Ft x 8.00 Ft | |
| 4pc Bathroom | 10.00 Ft x 8.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.00 Ft x 12.00 Ft | |
| 3pc Bathroom | 6.00 Ft x 5.00 Ft | |
| Bedroom | 10.00 Ft x 8.00 Ft | |
| Bedroom | 10.00 Ft x 8.00 Ft | |
| 4pc Bathroom | 6.00 Ft x 5.00 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
9.18%
Cap rate
6.70%
GRM
10.6
Break-even rent
$2,625
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 25, 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.