$390,000
$395,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
2,285 SqFt
SOLD DATE : 05/07/2026
Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,285 sqft
Price per Sqft $170
MLS® Listing ID A2288322
Sold Date 05/07/26
Year Built 1980
Annual Tax Amount $2,479
Tax Year 2025
Lot Size 8,848 Sqft
Acres 0.2
Property Sub-Type 4 plex
Source Grande Prairie
Property Description
Excellent Investment Opportunity — 4-Plex with Cash Flow! PURCHASE WITH ONLY 10% DOWN!
Rare opportunity to offset your mortgage or potentially live rent-free by occupying one unit and renting the other three. This well-maintained 4-plex offers solid revenue with long-term tenants already in place and very low vacancy.
The property features four fully self-contained units, each with separate meters and utilities paid by tenants. Two front units offer approximately 800 sq. ft. with 3 bedrooms and 1.5 bathrooms, while the two rear units are approximately 700 sq. ft. with 2 bedrooms and 1 full bathroom. All units include their own in-suite laundry for added tenant convenience.
The front 3-bedroom units currently rent for $975/month each, while the rear 2-bedroom units rent for $850/month each, generating $3650 a month in total rental income. The up/down layout places bedrooms on the lower levels, creating functional and appealing living spaces that are attractive to renters.
The building has been well maintained and all units are in excellent condition. Located close to schools and playgrounds, this property is ideal for investors or owner-occupants looking to build equity while generating income. THIS PROPERTY IS FOR SALE ONLY.. THE SELLER WILL NOT VENDOR FINANCE!
Location
Province AB
County Fairview No. 136, M.d. Of
Zoning R1
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s), Laminate Counters, No Smoking Home, Open Floorplan
Heating Natural Gas
Flooring Laminate, Linoleum
Appliance Refrigerator, Stove(s), Washer/Dryer
Laundry In Unit, Laundry Room, Multiple Locations
Exterior
Parking Features Off Street, Parking Pad
Utilities Available Electricity Connected, Natural Gas Connected, Fiber Optics Available, Garbage Collection, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt Shingle
Porch Deck
Total Parking Spaces 4
Building
Lot Description Back Yard, Landscaped, Lawn, Level
Foundation Wood
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 57665766
Ownership Private
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