Grande Prairie, Alberta T8W2V8
3 beds• 2 baths• 1,042 sqft
Welcome to this LEGAL up/down duplex in desirable Pinnacle Ridge, featuring amazing tenants already in place and excellent cash flow potential. Opportunities like this don’t come up often — this is a well-maintained revenue property in a quiet, family-friendly neighbourhood close to schools, parks, walking trails, shopping, and bus routes.Situated on a quiet street backing onto green space, this property offers a private setting with generous rear parking for both suites. Each unit has separate laundry, separate gas and power meters, and its own furnace and hot water tank, making it a true turnkey investment.The upper suite offers a bright and inviting open-concept layout with plenty of natural light, 3 good-sized bedrooms, and 1 spacious 4-piece bathroom with a linen closet and direct access to the primary bedroom for an ensuite feel. The primary bedroom also features a large walk-in closet. The kitchen is nicely finished with a large corner pantry and great counter space. The lower suite features its own private entrance and offers 2 large bedrooms and 1 full bathroom. The spacious front entry provides extra storage, and the above-grade windows allow for plenty of natural light throughout. The open-concept kitchen, dining, and living area is ideal for tenants and comes equipped with stainless steel appliances, including fridge, stove, and dishwasher. In-suite stacked laundry completes the lower level.Rental Income:Upper unit: $2,100/month + utilities (month-to-month), Lower unit: $1,800/month + utilities (month-to-month) = Total: $3,900/month ($46,800 annually) + utilities( Paid by Tenants)This setup offers strong cash flow with flexibility, making it perfect for investors or buyers looking to live in one unit and rent the other.Don’t miss out on this excellent revenue property in Pinnacle Ridge — book your showing today! (id:39198)
● Building Type
House
● Year built
2005
● Square Footage
1,042 sqft
● Stories
--
● Bedrooms
3
● Bathrooms
2
● Parking
4
● Neighbourhood
Pinnacle Ridge
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full, Separate entrance, Suite
● Parking Type
--
● Time on REALTOR.ca
8 days
Home price
$449,900
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
$4,136/month
The payment includes
Rent
$3,522
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$613
Each month, $613 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Here is the final price if I buy the house after:
Buyback Price
$520,815
Cumulative Down Payment
$27,082
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$22,082
Buyback Price
$472,395
Cumulative Down Payment
$12,361
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$7,361
Buyback Price
$496,015
Cumulative Down Payment
$19,721
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$14,721
Buyback Price
$520,815
Cumulative Down Payment
$27,082
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$22,082
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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