House
$389,999
107 6 Avenue SW
Falher26 days on market
listed by Sutton Group Grande Prairie Professionals
MLS® A2348791
All, 1 3 Avenue SE
$450,000
All, 1 3 Avenue SE
Falher · MLS® A2273664
4
2,400 sq ft · Condo · Multi-family · built 1988 · 313 days on market
listed by Walker Côté, Sutton Group Grande Prairie Professionals
realtor's description
Investment opportunity with this 5-unit rental building located in the community of Falher. The property offers a well-balanced mix of unit sizes, making it attractive to a wide range of tenants. The building includes a 3-bedroom, 1-bathroom unit (Unit 1) that has seen several recent upgrades, including all new windows, new countertops, a new sink, and a new stove. Unit 2 is a 1-bedroom, 1-bathroom unit, while Units 3 and 4 each offer 2 bedrooms and 1 bathroom. Unit 5 is a 1-bedroom, 1-bathroom bachelor-style suite. Each unit is equipped with its own private laundry, a highly desirable feature that adds convenience for tenants and enhances rental appeal. With functional layouts, thoughtful updates, and solid rental income, this property presents a strong opportunity for investors seeking stable income. Conveniently located close to local amenities and services, this Falher rental building offers long-term value and excellent income potential. Book your showing today!
property details
- type
- Condo, Multi-family
- living area
- 2,400 sq ft
- parking
- 4
- year built
- 1988
- property tax
- $5,910 / yr
- days on market
- 313
- MLS®
- A2273664
features
- Refrigerator
- Stove
- Washer & Dryer
monthly cost
$2,453/mo
Mortgage $1,961 · Tax $493
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- rent
- $1,190/mo
- after all costs
- −$1,393/mo
- cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $1,961 · tax $493 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in Alberta: CMHC's average there ($1,185) raised 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
location
FalherGoogle Maps ↗
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.