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9517 89 Avenue
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Peace River · Single Family · under $250,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Inviting you to this well-maintained and fully finished 1,152 sq. ft. duplex, offering a functional layout and excellent value for first-time buyers, young couples, or growing families as well as located to two middle schools and close proximity to a high school. The main floor offers a bright and inviting kitchen with refreshed cabinetry, an adjoining dining area, and a spacious living room that’s perfect for everyday living and entertaining. The upper level features three spacious bedrooms and a full 4-piece bathroom, providing comfortable living space for the whole family. A fully finished lower level adds exceptional versatility with an additional bedroom, a 3-piece bathroom, a large recreation room, and laundry area.Outside, you’ll appreciate the fully fenced backyard, providing a safe and private space for children, pets, or outdoor gatherings. This home has been well cared for and has benefited from numerous upgrades completed approximately 10 years ago, including the roof, windows, flooring, and paint, giving buyers added peace of mind.Whether you’re entering the housing market, downsizing, or looking for an affordable family home, this move-in-ready property is an outstanding opportunity that combines comfort, functionality, and long-term value. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.00 Ft x 17.00 Ft | |
| 3pc Bathroom | 8.00 Ft x 11.00 Ft | |
| Recreational, Games room | 14.00 Ft x 11.00 Ft | |
| Laundry room | 4.00 Ft x 5.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.00 Ft x 18.00 Ft | |
| Dining room | 9.00 Ft x 11.00 Ft | |
| Kitchen | 8.00 Ft x 8.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.00 Ft x 12.00 Ft | |
| Bedroom | 12.00 Ft x 12.00 Ft | |
| Bedroom | 8.00 Ft x 11.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.00 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
36.76%
Cap rate
12.22%
GRM
6.5
Break-even rent
$1,449
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.
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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 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.