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Grande Prairie · Multi-family · under $525,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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A & B, 8876 75 Avenue
Welcome to an exceptional real estate opportunity perfectly timed for Grande Prairie’s high-demand housing & rental market. This wonderful up/down legal duplex offers ultimate flexibility for savvy buyers. You can choose to live in one beautifully finished unit while letting your tenant pay the mortgage, or immediately generate strong dual-stream revenue by renting out both levels. Privacy and comfort are guaranteed for all occupants, as each self-contained unit features its own private entry, dedicated laundry, separate furnace, and energy-efficient tankless hot water system. Beautiful finishes flow through both levels, showcasing sleek stainless steel appliances, contemporary dark cabinetry, lovely tile, and durable vinyl plank flooring. The upper level boasts a fantastic, open-concept layout elevated by dramatic vaulted ceilings. This fresh 3-bedroom, 1-bathroom home features elegant wrought-iron and wood stair railings, a kitchen with a coveted corner pantry, and wonderful, sunshine-filled living room with new carpet installed in May 2024. Step outside from the dining area onto your private deck to overlook & access the massive backyard. The lower level completely redefines basement living with desirable, oversized windows that flood the entire space with beautiful natural light. This unit offers a very generous 2-bedroom, 1-bathroom floor plan featuring a big living and dining area with plenty of room to stretch out. Situated on a massive, pie-shaped lot, the property backs directly onto a peaceful greenspace with no rear neighbours. The backyard has been smartly divided with fencing, allowing residents on both levels to enjoy the great outdoors in their own private spaces. Out front, a large concrete parking pad easily accommodates four vehicles. The home is within short walking distance of Mother Teresa Catholic School (Pre-K to Grade 8), making it highly attractive to families or staff. With 'Resource Landing' being currently developed, you are also in close proximity to convenient drive-thru restaurants, medical practitioners and grocery store. ***Please Note: Marketing photos & the 3D Tour were taken when the property was vacant. The duplex is currently tenant-occupied, and a minimum of 24 hours' notice required for showings.***Don't miss out on this fantastic investment. Call a REALTOR® today for more information or to book your private viewing! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.67 Ft x 9.67 Ft | |
| Bedroom | 10.17 Ft x 10.42 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.17 Ft x 12.67 Ft | |
| Bedroom | 8.67 Ft x 9.67 Ft | |
| Bedroom | 8.67 Ft x 9.67 Ft | |
| 4pc Bathroom | 5.00 Ft x 9.25 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
3.62%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,995
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 25, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.