8420 99 Avenue, Peace River

Living area: 1324 square feet
Added: 3 months ago
Updated: 3 months ago
Last Checked: 23 hours ago
Listed by: Royal LePage Valley Realty

Listing description
This Other at 8420 99 Avenue Peace River, AB with the MLS Number a2256213 listed by Dale Espetveidt - Royal LePage Valley Realty on the Peace River market 3 months ago at $9,990,000.

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (id:1945)

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Property Details Key information about 8420 99 Avenue

Heating:
- Forced air
- Natural gas
Year Built: 1989
Structure Type: Multi-Family
Building Area Total: 1324

Interior Features Discover the interior design and amenities

Living Area: 1324
Above Grade Finished Area: 1324
Above Grade Finished Area Units: square feet

Location & Community Understand the neighborhood and community

Subdivision Name: Rolling Hills

Tax & Legal Information Get tax and legal details applicable to 8420 99 Avenue

Tax Lot: .
Tax Year: 2025
Tax Block: 1
Parcel Number: 0015102684
Tax Annual Amount: 96851
Zoning Description: Residential High Density

Additional Features Explore extra features and benefits

List A O R: Grande Prairie
List A O R Key: 38

Nearby Listings Stat Estimated price and comparable properties near 8420 99 Avenue

Active listings

Min Price

$25,000

Max Price

$9,990,000

Avg Price

$529,084

Days on Market

206 days

Sold listings

Min Sold Price

$65,000

Max Sold Price

$985,000

Avg Sold Price

$386,685

Days until Sold

149 days

Nearby Places Nearby schools and amenities around 8420 99 Avenue

Peace River School Division No 10 (1.9 km)
9530 90 Ave, Peace River

Alz Donair (0.3 km)
9921 101 Ave, Peace River

McDonald's (0.9 km)
7812 100 Ave, Peace River

DAIRY QUEEN BRAZIER (1 km)
7718 100th Ave, Peace River

River Rock Steakhouse Ltd (1.5 km)
9606 94 St, Peace River

Peace Garden Restaurant (2 km)
10016 100 St, Peace River

Nova Inn Peace River (0.6 km)
8010 100 Ave, Peace River

Western Budget Motel (1 km)
7701 100 Ave, Peace River

Third Mission Heritage Suites (1.8 km)
10002 98 St, Peace River

Sawridge Inn & Conference Centre (2 km)
9510 100th St, Peace River

Supercenter Iga Po (0.7 km)
7900 99 Ave, Peace River

Freson Bros. (0.7 km)
7900 99 Ave, Peace River

No Frills (1.2 km)
7613 100 Ave, Peace River

Co-op, Peace River Food Store (1.7 km)
9714 96 Ave, Peace River

Tim Hortons (0.7 km)
7820 100 Ave, Peace River

Kal Tire (0.7 km)
8005 102 Ave, Peace River

Peace River Ford (1.3 km)
7518 100 Ave, Peace River

Misery Mountain Ski Centre (1.5 km)
10408 89 St, Peace River

Ufa (1.5 km)
9801 74 St, Peace River

Best Canadian Motor Inns (1.8 km)
9810 98 St, Peace River

Price History

Listed

September 12, 2025

by Royal LePage Valley Realty

For Sale