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$589,900

3 Beds

3 Baths

1928 FEETSQ

QuickQuoteTM: Not Available

Grande Prairie AB, T8X 0W5

MLS® # A2194523

Property Information:

Dirham Homes Job #2409 - The Redmond ll - Welcome to this beautifully crafted BRAND NEW 2-storey home, offering the perfect balance of style and functionality. With 3 spacious bedrooms and 2.5 bathrooms, this home is designed to meet all your modern living needs. The main floor features an inviting open concept design, perfect for entertaining or relaxing with family. The kitchen boasts sleek cabinetry with high-end finishes, quartz counters, central island with eating bar, and a walk in pantry, while the adjoining living and dining areas are filled with natural light. You'll also appreciate the convenience of a half bath and main floor laundry, making daily tasks a breeze. Upstairs, the primary bedroom is a private retreat with a large closet and 5pc ensuite bathroom, while the two additional bedrooms offer plenty of space for family or guests with a full bathroom. A BONUS ROOM above the garage completes the home. The double garage provides ample parking and storage, and the home’s great location offers easy access to schools, parks, shopping, and more. Your unfinished basement has ample room for a 4th bedroom, a bathroom plus spacious family room. This home has everything you need for comfortable, modern living. Don’t miss your chance to call it yours!

Inclusions: Alberta New Home Warranty, 1 year Dirham Homes Warranty

Building Features:

  • Total Finished Area: 1928.00

Property Features:

  • Bedrooms: 3+0
  • Bathrooms: 2+1
  • Architectural Style: 2 Storey
  • Built in: 2025
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Exterior Features: None
  • Fireplace Features: Electric
  • Floor Space (approx): 1928.00 Square Feet
  • Flooring: Carpet, Tile
  • Foundation Details: Poured Concrete
  • Heating: Forced Air
  • Interior Features: Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, See Remarks, Walk-In Closet(s)
  • Levels: Two
  • Lot Size: 5328.00 Square Feet
  • Parking Features: Double Garage Attached
  • Roof: Asphalt Shingle
  • Zoning: RS
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX Grande Prairie

Data provided by: Grande Prairie & Area Association of REALTORS® 10106 102 St., Grande Prairie, Alberta T8V 2V7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Potential Investment Performance

Cumulative ROI

91.4%

Cumulative Market Appreciation

$162,978

Net Operating Income in Year 5

$19,405

Cash on Cash Return in Year 5

-6.3%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$117,980
Mortgage Amount $471,920
Mortgage Payment
%
$2,448

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,085
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $674
Net Operating Income $1,411
Debt Service
Mortgage Payment $2,448
Net Cash Flow -$1,037

Cap Rate

2.87%

Acquistion Costs

Down Payment $117,980
Land Transfer Tax $241
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $120,221

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $117,980 - - - - - - - - -
Closing Costs $2,241 - - - - - - - - -
Mortgage Paydown $7,342$7,695$8,065$8,452$8,859$9,285$9,731$10,199$10,689$11,203
Total $127,563$7,695$8,065$8,452$8,859$9,285$9,731$10,199$10,689$11,203
Cash Invested $127,563$135,259$143,324$151,777$160,636$169,921$179,653$189,852$200,541$211,744
Rental Cash Flows
Rent and other income $25,026$25,776$26,550$27,346$28,166$29,011$29,882$30,778$31,702$32,653
Operating Expenses -$8,094-$8,289-$8,489-$8,695-$8,905-$9,121-$9,342-$9,569-$9,802-$10,040
Mortgage Payment -$29,383-$29,383-$29,383-$29,383-$29,383-$29,383-$29,383-$29,383-$29,383-$29,383
Net Cash Flow -$12,451-$11,895-$11,322-$10,731-$10,121-$9,492-$8,843-$8,174-$7,483-$6,770
Returns
Property Price Appreciation $29,495$30,969$32,518$34,144$35,851$37,643$39,526$41,502$43,577$45,756
Mortgage Paydown $7,342$7,695$8,065$8,452$8,859$9,285$9,731$10,199$10,689$11,203
Net Cash Flow -$12,451-$11,895-$11,322-$10,731-$10,121-$9,492-$8,843-$8,174-$7,483-$6,770
Total Return $24,386$26,769$29,260$31,865$34,588$37,436$40,413$43,527$46,783$50,188
Cumulative Return $24,386$51,155$80,416$112,281$146,870$184,306$224,720$268,248$315,031$365,220
Investment Metrics
Cumulative ROI 19.1% 37.8% 56.1% 74.0% 91.4% 108.5% 125.1% 141.3% 157.1% 172.5%
Cash On Cash -9.8% -8.8% -7.9% -7.1% -6.3% -5.6% -4.9% -4.3% -3.7% -3.2%
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Location of 10645 133 Avenue, Grande Prairie, AB, T8X 0W5

Demographic Information of 10645 133 Avenue, Grande Prairie, AB, T8X 0W5

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$144,425.57

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.77 %

High school certificate or equivalent

34.2 %

Apprenticeship trade certificate/diploma

14.42 %

College/non-university certificate

15.16 %

University certificate (below bachelor)

1.24 %

University Degree

22.2 %

Commuter

Travel To Work

By Car

96.51 %

By Public Transit

0.0 %

By Walking

0.01 %

By Bicycle

0.85 %

By Other Methods

2.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.77 %

Houses

90.23 %

Own Vs. Rent