301, 9225 Lakeland Drive

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$154,900

301, 9225 Lakeland Drive

Lakeland, Grande Prairie · MLS® A2350415

221

805 sq ft · Condo · Single Family · built 2006 · 19 days on market

listed by Sean Gillis, RE/MAX Grande Prairie

realtor's description

Great condo in Lakeland!!! This 2 bedroom & 2 bathroom condo features an open concept layout in the living room, dining, and kitchen with a patio door leading to your covered deck. The master bedroom has a full ensuite bathroom with a shower. There is a 2nd bedroom and a full main bathroom. Located near a school and shopping. Don't miss out!!!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 805 sq ft
parking: 1
year built: 2006
property tax: $1,643 / yr
strata fee: $589 / mo ($0.73 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 19
MLS®: A2350415

features

Parking
Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

city assessment

$139,400

2026 assessment · market value as of July 1, 2025

Asking price is 11% above the assessment

From City of Grande Prairie open data (property assessment), matched to #301 9225 Lakeland Drive. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $1,696 a year

The 2026 assessment times Grande Prairie's 2026 residential rate of 12.17 per $1,000 (municipal and education).

The listing shows $1,643 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.

monthly cost

$1,401/mo

Mortgage $675 · Tax $137 · Strata $589

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$675/ monthly

loan $123,920

25-year amortization

down payment20% · $30,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $78,545
land title fees: $380; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $31,360; down + land title fees
total paid: $202,465

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,420/mo
after all costs: −$129/mo
cap rate: 4.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $675 · tax $137 · strata $589 · insurance ~$35 · 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