$1,600,000.00 9,649 Sq.ft

10204 106 Avenue , Grande Prairie. T8V 1K1

Description

A well-established and lovingly maintained residential property sitting in one of Grande Prairie's most sought-after rental corridors. This 3-level multifamily building has been carefully managed throughout its ownership; typically running at full occupancy, a testament to its quality, location, and the strength of Grande Prairie's rental market. Solid construction provides exceptional durability and quiet, comfortable living. Every above-grade unit features a private balcony. The building includes 12 dedicated parking stalls (one per unit), spacious floor plans, and a common coin-op laundry room. Recent capital improvements include roof replacement in 2014, boiler system replacement in 2012. Regular boiler maintenance and roof was repaired recently. Selling at 6.4% cap with room to increase revenue to market rates. CMHC mortgage to be assumed, 5 units are rent controlled.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2293861
City:Grande Prairie
Neighbourhood:Avondale
Province:Alberta
Building/Unit Size: 9,649 sq.ft
Land Size:0.00 Acre
Listing Price:$1,600,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:RM
Listing Contract Date:2026-03-16

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "KPLI Real Estate Corporation" listing brokerage.

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