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9313 103 Avenue
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Grande Prairie · Multi-family · under $1,200,000. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this like-new 2023 built triplex located in the desirable Hillside neighbourhood — a perfect opportunity for investors or buyers looking for a multi-unit property with strong income potential.This well-designed property features 3 separate 2-storey units, each offering a functional and modern layout. The upper level in all units includes 3 bedrooms and 2 full bathrooms, including a spacious primary bedroom complete with a walk-in closet and private ensuite. Convenient upstairs laundry in every unit adds to the practicality and tenant appeal.The main floor of each unit offers an open-concept design with a modern kitchen featuring quartz countertops, ceiling-height cabinetry, and ample counter space, flowing seamlessly into the dining and living areas.Each unit comes with its own attached garage plus additional parking, offering a total of 3 parking spaces per unit (2 on the pad and 1 in the garage) — a rare and valuable feature for tenants and owners alike.Currently tenant-occupied with strong rental potential, this property provides immediate income and flexibility. Whether you choose to live in one unit and rent the others or fully lease all three, this property offers excellent versatility and long-term value.Don’t miss this opportunity to own a modern, turnkey triplex in Hillside — a perfect investment property with great cash flow potential. (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
-0.81%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,756
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 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.