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Grande Prairie · Vacant Land · under $150,000. Alerts only send when there are new or meaningfully updated matching homes.
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Discover the potential of 9221 101 Avenue, a prime 50' x 122' vacant lot in Grande Prairie's established and revitalizing Hillside neighbourhood. Zoned RT (Residential Transitional) with valuable rear alley access, this property offers exceptional flexibility for builders, investors, or anyone looking to create a custom home. The lot is ideally suited for a revenue-generating suited home, an up/down duplex, or a single-family residence, making it an excellent opportunity in today's market.Positioned within the City's Hillside Area Revitalization Plan, this property benefits from a long-term vision focused on encouraging quality new residential development, attractive streetscapes, rear-lane access, and continued reinvestment throughout the neighbourhood. The revitalization strategy is designed to support thoughtful infill development while enhancing property values and preserving the character of this mature community.Located just minutes from downtown, schools, parks, shopping, and restaurants, this is an outstanding opportunity to secure a versatile building lot in one of Grande Prairie's most promising established neighbourhoods. Whether you're planning your next investment property or building your dream home, this property offers the location, zoning, and future potential to bring your vision to life. Old house was removed so Aquatera infrastructure fee for single dwelling will be waived. Check out The Hillside Revitalization Plan attached to this listing. (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
75.43%
Cap rate
19.95%
GRM
4.2
Break-even rent
$812
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 Jul 10, 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.