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9503 112 Avenue
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Clairmont · Multi-family · under $3,900,000. Alerts only send when there are new or meaningfully updated matching homes.
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This cash-flowing 16-unit apartment complex generates $28,850 in gross monthly income and features eight 3-bedroom, 2.5-bath upper suites and eight 2-bedroom, 1-bath lower suites, offering a total of 15,096 sq. ft. of finished living space including the basement suites. Built in 2017, the property includes separate power meters for each unit and a common boiler providing heat and hot water for the entire complex. Ideally located just two blocks from the Lakeview Seniors Home, it offers strong potential for workforce housing in a high-demand area. The site provides 32 parking stalls in a central lot and sits adjacent to a large park and greenspace. Situated only 10 minutes north of Grande Prairie in Clairmont, the community offers a K-8 school, extensive paved trails, a skate park, splash park, and proximity to the Clairmont Industrial Park, home to hundreds of major industry service companies including Finning, Kenworth, Precision Well, Brandt, and Cummings. The complex is offered below its 2024 appraised value, and a CMHC broker has confirmed that an 85% loan-to-value mortgage may be achievable for qualified buyers with strong credit and a net worth of $750,000 or more. Seller financing is not available. A financial pro forma is available with a signed NDA, and showings will be arranged for qualified buyers! The property is fully occupied with no vacancy, and 3D tours for both upper and lower suites are included in the 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
-0.49%
Cap rate
4.77%
GRM
13.9
Break-even rent
$21,858
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 May 2, 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.