Gateway, Grande Prairie · MLS® A2340801
211
948 sq ft · Townhouse · Single Family · built 1999 · 44 days on market
listed by Ralph Bohlmann, eXp Realty
Affordable, Convenient & a Smart Alternative to Renting!Whether you're looking for your first home or an affordable revenue property, this top-floor, 2-bedroom, 1-bathroom condo offers an excellent opportunity to own rather than rent. With very low condo fees, the numbers make sense for both homeowners and investors.The unit features a functional layout with two bedrooms, a full bathroom and a private northwest-facing balcony—a great spot to relax and enjoy the quieter top-floor location.The real advantage is the fantastic central location. Shopping, groceries, pharmacies, restaurants, Northwestern Polytechnic and the Grande Prairie Regional Hospital are all nearby, making everyday life convenient without having to rely on a vehicle.For investors, the location and affordability make this an attractive addition to a rental portfolio. For first-time buyers, it's an opportunity to invest in your own property instead of continuing to pay rent.Affordable ownership, low monthly condo fees, a quiet top-floor location and exceptional access to everyday amenities—this one deserves a look.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $697 · tax $117 · strata $384 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Grande Prairie: CMHC's average there ($1,427) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $1,945 a year
The asking price times Grande Prairie's 2026 residential rate of 12.17 per $1,000 (municipal and education).
The listing shows $1,398 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 82/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 12 places to eat or drink, 1 cafe, 3 parks and playgrounds, 2 pharmacies, 2 transit stops.
mihom score from OpenStreetMap places, by straight line distance.