5701,5703 Evergreen Drive, High Prairie
Presenting a rare and powerful multi-family investment opportunity in High Prairie, Alberta: a 12-door portfolio available for the incredible price of just $1,900,000. This offering includes two fourplexes and two side-by-side duplexes, all built in 2007, providing a modern, low-maintenance foundation for steady returns. The fourplexes are comprised of spacious three-bedroom, two-bathroom units on both the upper and lower levels, making them highly attractive to families and long-term renters alike. The duplexes offer immediate living space on the main floor and come with unfinished basements that already feature separate entrances, presenting a tremendous value-add opportunity to finish and convert them into two additional suites—potentially expanding the entire portfolio from 12 to 14 revenue-generating doors. Currently, all units are tenanted with the exception of one, which is vacant and awaiting repairs, offering a new owner the chance to renovate and lease it at current market rates. With substantial existing cash flow, built-in appreciation potential, and an unbeatable price per door, this portfolio is a must-see for serious investors. Contact us today for a full rent roll or to schedule a private viewing. (id:1945)
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Property details for 5701,5703 Evergreen Drive, High Prairie
- Type
- Multi-family
- Living Area
- 9,896 square feet
- Ownership
- Freehold
- Annual Taxes
- $22,847 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 5701,5703 Evergreen Drive
Active Listings
68
Min Price
$24,900
Max Price
$1,900,000
Avg Price
$289,921
Days on Market
229
days
Sold Listings
7
Min Sold Price
$49,000
Max Sold Price
$459,900
Avg Sold Price
$318,071
Days until Sold
197
days
Neighbourhood Census Data
High Prairie, Alberta
Population
616
Median Age
35.5
Median Income
$38,016
Dwelling Value
$249,861
Housing Tenure
Owners 51%
Renters 49%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.8
Pop. Density: 2,478.9/km²
Avg Shelter Cost: $1,078/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 36.8%
English only: 95.9%
English and French: 4.1%
Median Household Income: $69,888
Median Employment Income: $44,672
Price History
Listed
July 21, 2026
by Grassroots Realty Group - High Prairie
Current Price
$1,900,000
Type
Multi-family
For Sale
