418, 9124 96 Avenue

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$204,900

418, 9124 96 Avenue

Cobblestone, Grande Prairie · MLS® A2340973

111

1,013 sq ft · Condo · Single Family · built 2008 · 37 days on market

listed by Brenna Morissette, Grassroots Realty Group Ltd.

realtor's description

Investor Alert! 1 bedroom + den, 1 bathroom condo located on the top floor in Aurora Estates. Kitchen, living and dining area are all open and bright. Large sliding doors off the living room for extra natural light leading on to a large deck with BBQ hook ups. French doors off the living area lead to the den with a walk in closet. Spacious bedroom, full bathroom and private in-suite laundry complete this unit. 1 heated underground parking stall. Also access to the onsite gym. Heat and water included in condo fee. Currently tenant occupied until Feb 28, 2027

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 1,013 sq ft
parking: 1
year built: 2008
property tax: $2,460 / yr
strata fee: $661 / mo ($0.65 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 37
MLS®: A2340973

features

Other
No Smoking Home
Gas BBQ Hookup
Parking
Pets Allowed With Restrictions
Refrigerator

city assessment

$209,200

2026 assessment · market value as of July 1, 2025

Asking price is 2% below the assessment

From City of Grande Prairie open data (property assessment), matched to #418 9124 96 Avenue. 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 $2,545 a year

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

The listing shows $2,460 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

$1,759/mo

Mortgage $893 · Tax $205 · Strata $661

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

estimated payment

$893/ monthly

loan $163,920

25-year amortization

down payment20% · $40,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $103,899
land title fees: $470; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $41,450; down + land title fees
total paid: $267,819

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: $1,210/mo
after all costs: −$681/mo
cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $893 · tax $205 · strata $661 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Grande Prairie: CMHC's average there ($1,223) 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