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9825 96 Avenue
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Beds
—
Baths
—
Sqft
2,076
Year
2026
Type
Multi-family
On market
5d
Brand-New Contemporary Triplex Designed for Maximum Cash Flow Potential. This purpose-built investment property features three self-contained suites, each offering 3 bedrooms, 2 full bathrooms, stainless steel kitchen appliances, separate power and gas meters, individual furnaces, and Navien hot water on demand systems. Located in Highland Park within walking distance to shopping, grocery stores, restaurants, and Grande Prairie's vibrant downtown core, this property offers a highly desirable rental location with an estimated completion date of October/November 2026. Each suite is thoughtfully designed to maximize rental appeal and tenant retention, featuring an open-concept kitchen and living area, spacious primary bedroom, full 4-piece bathroom, large island, corner pantry, soft-close cabinetry, and real wood soft-close drawers. The fully developed basement adds two additional bedrooms, another full bathroom, a second living area, and in-suite laundry, creating an ideal layout for families and working professionals. Built for long-term ownership and reduced operating costs, each unit has separate utility services so tenants pay their own power and gas, plus individual furnaces and hot water systems. Every suite includes a dedicated two-vehicle concrete parking stall, 2 stalls in the front and 4 at the back with back alley access, while added peace of mind comes from a 10-Year New Home Warranty, Navien hot water on demand systems with a 15-year warranty, and durable lifetime IKO shingles. Whether you're expanding your portfolio, seeking a turnkey multi-family asset, or looking to live in one unit while generating income from the others, this high-performing investment opportunity offers strong cash flow potential in one of Grande Prairie's most established rental markets. ( sample pics from similar 3 plex build same builder, different layout, this build's kitchen doesn't have islands, see plans and specs) (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
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,845
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grande Prairie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.