7418 112 Street
Grande Prairie, Alberta
MLS® A2355336
$449,900
- Status
- Active
- Property type
- House
- MLS® number
- A2355336
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 2009
1 / 22Listing description
INVESTOR ALERT!!! Legal up/down unit with $3100/mth rental income aggressively priced to attract strong offers. The Grande Prairie investment & rental market remain very strong with low vacancy + healthy rents which offers a great combination for investors and this type of property hits the metrics on cash flow + cash on cash return(see attached investment worksheet under supplements in the listing).
Upper unit offers 3 bedrooms + 2 bathrooms including ensuite in primary bedroom, it also offers a unique additional flex space that tenants can use as a living area, office, gym area or play area. Lower unit offers 2 bedrooms + 1 bathroom with great ceiling heights and window sizes. Alll the little things that make a landlord’s life easier have been looked after: separate power & gas meters, Each unit has private laundry, triple wide parking pad at the rear of the property, low maintenance landscaping, soundproofing between units, etc.
The effective age of the property provides piece of mind that replacement on capital investment is still well into the future which allows time to generate cash flow and plan accordingly. Upper unit lease runs to March 31, 2027 @ $1700/mth + power/gas. Lower unit lease runs to October 31, 2027 @ $1400/mth + power/gas.
This property checks all the boxes that a savvy investor is looking for. Contact a Realtor to book a showing today and let this turn-key investment start working for you.
Property summary
- MLS® number
- A2355336
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,210 sq ft
- Title
- Freehold
- Land size
- 338.7 square meters
- Built in
- 2009
- Annual property taxes
- $4,730.02
- Parking
- 4 spaces · Parking Pad
- Days on market
- 1 day
Features & details
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Tile, Carpeted, Vinyl Plank
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
- Exterior features
- Vinyl siding
- Lot features
- Back lane
- Architectural style
- Bi-level
What would this home cost you?
Based on the $449,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Grande Prairie, Grande Prairie.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.