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9718 - 99th Ave, Grande Prairie     $325,000

Located in the heart of downtown Grande Prairie the commercial value for this property is enormous. It is the only area in the downtown that is zoned commercial and still has 3 residential houses next to several blocks of a newly developed commercial area. Currently operating as a Rooming House bringing in good revenue, this fully furnished house sports all new pots, pans, dishes, linens, 10 year warrantied beds with bug protectors, new furnace, new air conditioning, hot water tank, with the basement recently excavated, weeping tile, dimple board, reinforced and waterproofed prior to backfilling. This property has 3 bedrooms that rent at $300 a week with the 4th week free and a fourth bedroom that is particularly large with its own lazy boy sitting area and similarly rents for $400 a week.  The whole house can be rented by the month at $3,200 with approximately an 8% ROI.  House is 37' x 37'  Lot is 49.5' x 132' with lots of parking

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