406 3 Street NW

1 / 20

$379,500

406 3 Street NW

Manning · MLS® A2332855

2,636 sq ft · 5,298 sq ft lot · House · Multi-family · built 1981 · 87 days on market

listed by Sharon Holmes, RE/MAX Grande Prairie

realtor's description

Excellent investment opportunity! This well-maintained fourplex features four identical units, each offering 3 bedrooms and 1.5 bathrooms, and the convenience of in-suite laundry. Every unit has its own private entrance with concrete sidewalks, providing added privacy and easy access for tenants. Numerous recent capital improvements add to the property's value and peace of mind, including new furnace and hot water tank in unit #3 in 2024, new sump pump installed outside complex in 2025 and new Tex decking with durable metal railings completed on Units 3 and 4 in 2025. Ideally situated in the desirable Northwest area of town, this income-producing property is within walking distance of the hospital, downtown amenities, shopping, and services. Whether you're looking to expand your investment portfolio or own a solid multi-family property with quality updates already completed, this fourplex is one you won't want to miss!

property details

type: House, Multi-family
living area: 2,636 sq ft
lot: 5,298 sq ft
parking: 4
year built: 1981
property tax: $6,564 / yr
days on market: 87
MLS®: A2332855

features

None

monthly cost

$2,200/mo

Mortgage $1,653 · Tax $547

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

estimated payment

$1,653/ monthly

loan $303,600

25-year amortization

down payment20% · $75,90020%+ 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: $192,434
land title fees: $785; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $76,685; down + land title fees
total paid: $496,034

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

location

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406 3 Street NW

1 / 20

$379,500

406 3 Street NW

Manning · MLS® A2332855

2,636 sq ft · 5,298 sq ft lot · House · Multi-family · built 1981 · 87 days on market

listed by Sharon Holmes, RE/MAX Grande Prairie

realtor's description

property details

type: House, Multi-family
living area: 2,636 sq ft
lot: 5,298 sq ft
parking: 4
year built: 1981
property tax: $6,564 / yr
days on market: 87
MLS®: A2332855

features

None

property tax

about $5,966 a year

The asking price times Manning's 2026 residential rate of 15.72 per $1,000 (municipal and education).

The listing shows $6,564 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.

monthly cost

$2,200/mo

Mortgage $1,653 · Tax $547

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

estimated payment

$1,653/ monthly

loan $303,600

25-year amortization

total interest: $192,434
land title fees: $785; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $76,685; down + land title fees
total paid: $496,034

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