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Royal LePage
Royal LePage
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$559,900

8514 87A Street, Grande Prairie, AB, T8X 0R6

QuickQuoteTM: $514K - $626K
MLS® # A2194580

3+0 Beds

3 Baths

1819.00 FEETSQ sqft

Property Information:

Dirham Homes Job # 2413 - The Branden - Welcome to this beautifully designed BRAND NEW two story floor plan with exterior side door to the basement for future suite option and RV PARKING!! Offering the perfect blend of modern convenience and thoughtful design with 3 spacious bedrooms, 2.5 bathrooms, and an inviting open concept layout, this home is ideal for both family living and entertaining. Step inside to discover a bright and airy main floor featuring an expansive open floor plan that seamlessly connects the kitchen, dining, and living areas. The kitchen boasts modern finishes, quartz countertops, ample cabinet space perfect for the home chef, completed with a walk through pantry. Large windows flood the space with natural light, creating a warm and welcoming atmosphere. Upstairs, you’ll find 3 generously sized bedrooms, including a luxurious primary bedroom with a 5pc ensuite bathroom and walk-in closet. A bonus room offers additional living space, perfect for a family room, home office, or play area. Convenience is at its peak with a dedicated upper-level laundry room, making chores a breeze. With modern finishes throughout and a thoughtful layout designed for modern living, this home is a must-see!

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

Building Features:

  • Total Finished Area: 1819.00

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): 1819.00 Square Feet
  • Flooring: Carpet, Tile
  • Foundation Details: Poured Concrete
  • Heating: Forced Air
  • Interior Features: Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, See Remarks, Walk-In Closet(s)
  • Levels: Two
  • Lot Size: 5059.00 Square Feet
  • Parking Features: Double Garage Attached
  • Roof: Asphalt Shingle
  • Zoning: RG
  • 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

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Potential Investment Performance

Cumulative ROI

88.4%

Cumulative Market Appreciation

$154,690

Net Operating Income in Year 5

$17,458

Cash on Cash Return in Year 5

-6.9%

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
%
$111,980
Mortgage Amount $447,920
Mortgage Payment
%
$2,324

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,906
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $638
Net Operating Income $1,268
Debt Service
Mortgage Payment $2,324
Net Cash Flow -$1,055

Cap Rate

2.72%

Acquistion Costs

Down Payment $111,980
Land Transfer Tax $234
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $114,214

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $111,980 - - - - - - - - -
Closing Costs $2,234 - - - - - - - - -
Mortgage Paydown $6,969$7,304$7,655$8,023$8,408$8,812$9,236$9,680$10,145$10,633
Total $121,183$7,304$7,655$8,023$8,408$8,812$9,236$9,680$10,145$10,633
Cash Invested $121,183$128,487$136,142$144,165$152,574$161,387$170,623$180,304$190,449$201,083
Rental Cash Flows
Rent and other income $22,880$23,567$24,274$25,002$25,752$26,524$27,320$28,140$28,984$29,854
Operating Expenses -$7,662-$7,846-$8,034-$8,228-$8,426-$8,629-$8,837-$9,050-$9,269-$9,493
Mortgage Payment -$27,888-$27,888-$27,888-$27,888-$27,888-$27,888-$27,888-$27,888-$27,888-$27,888
Net Cash Flow -$12,670-$12,168-$11,649-$11,114-$10,562-$9,993-$9,405-$8,799-$8,173-$7,528
Returns
Property Price Appreciation $27,995$29,394$30,864$32,407$34,028$35,729$37,515$39,391$41,361$43,429
Mortgage Paydown $6,969$7,304$7,655$8,023$8,408$8,812$9,236$9,680$10,145$10,633
Net Cash Flow -$12,670-$12,168-$11,649-$11,114-$10,562-$9,993-$9,405-$8,799-$8,173-$7,528
Total Return $22,293$24,530$26,869$29,316$31,874$34,549$37,346$40,272$43,333$46,534
Cumulative Return $22,293$46,824$73,694$103,010$134,884$169,433$206,780$247,053$290,386$336,921
Investment Metrics
Cumulative ROI 18.4% 36.4% 54.1% 71.5% 88.4% 105.0% 121.2% 137.0% 152.5% 167.6%
Cash On Cash -10.5% -9.5% -8.6% -7.7% -6.9% -6.2% -5.5% -4.9% -4.3% -3.7%
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Market Price Trends

All Properties

13.01%

Price change (1 year)

21.43%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 8514 87A Street, Grande Prairie, AB, T8X 0R6

Demographic Information of 8514 87A Street, Grande Prairie, AB, T8X 0R6

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$141,176.84

Average Number of Children

1.84

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.77 %

High school certificate or equivalent

36.9 %

Apprenticeship trade certificate/diploma

13.69 %

College/non-university certificate

19.57 %

University certificate (below bachelor)

0.35 %

University Degree

16.72 %

Commuter

Travel To Work

By Car

97.38 %

By Public Transit

0.52 %

By Walking

0.47 %

By Bicycle

0.44 %

By Other Methods

1.19 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.34 %

Houses

89.66 %

Own Vs. Rent

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