Property Details

Address: 8111 - 96 Street, Grande Prairie, AB
Status: For Sale
Price: $5,940,000
Price Per Door: $110,000
No. of Units: 54
Cap Rate: 6.17%

Building Info 

This is a 54 suite apartment building located at 8111 - 96 Street in the city of Grande Prairie which is within Peace River County, in North Western Alberta. It is a four building complex comprised of  3 storey, walk-up, wood-frame construction buildings with balconies. Parking is surface and paved. 

The suite mix is 16 One-Bedroom suites and 38 Two-Bedroom suites.

Roof was replaced on all four buildings within the past 12 years. Two boilers replaced in the last 7 years. 

Location 

Grande Prairie is a city located in Peace River County in North western Alberta. It is approximately 4.5 hours northwest of Edmonton, Alberta and approximately 1 hour east of the British Columbia border. It is intersected by highway 43, running east-west through the city from Edmonton and into British Columbia. And highway 40, running north-south through the city, and north towards the cities of Peace River and High Level and into the North West Territories. As of 2016, Grande Prairie has a population of 63,166 residents and is the seventh largest city in Alberta. The economy is diversified and major industries include oil and gas, agriculture, forestry and food services. The city also has rich arts and sports and recreation cultures. Some of its features include museums, golf courses, parks, a downhill ski hill, and a new 450,000 square foot heath and fitness centre known as the East link Centre.

Interested in this Property?

Contact the David G. Parker Team Today