Residentiae.
For Sale · Grande Prairie

501 509 MAIN STREET

Grande Prairie · T0H1M0

$600,000

Bedrooms
Bathrooms
Parking
4,085Sq Ft

About this residence

INVESTMENT OPPORTUNITY!! Package Sale!501 Building -6 Suites – Walk-Up Two Story Building in great condition, 5 of the 6 units are fully renovated. FOUR Suites that have - 1 bedroom/1 Bathroom. ONE Suite that has - 2 Bedroom/1 Bathroom. And ONE suite that has - 3 Bedroom/1 bathroom + a loft. The boiler system is all brand new. 509 Building- 6 Suites Walk up Two-Story Building, 3 units have 1 Bedroom/1 Bathroom, could easily add value by renovating the other 3 units.Paved parking stalls plus lots of on-street parking. There is also a garage for maintenance tools. All units include a fridge & stove. Shared Laundry in Building 501.Low maintenance yard. Multi-family rental opportunity to take advantage of. Small enough property that you can maintain and monitor yourself.Call today to take a look!! (id:61366)

Property details

Property type
Multi-family
Style
Multi-Family
Living area
4,085 sq ft
Year built
1961
Annual tax
$4,565
MLS®
A1079650
Board
Grande Prairie
Status
Inactive
Listed
Mar 11, 2021
Updated
May 14, 2025

Financing

Mortgage calculator

Estimated monthly payment

$2,806/mo

Amortization

Loan amount

$480,000

Down payment

$120,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Grande Prairie

About the area

Census · T0H
81,424
Population
35
Median age
$89,000
Median income
$280,000
Median home value
79%
Home ownership
23 min
Avg. commute

Age distribution

0–14
26%
15–24
12%
25–44
24%
45–64
24%
65+
14%

Tenure

79% owners21% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 501 509 MAIN STREET?

501 509 MAIN STREET is listed for $600,000, in Grande Prairie.

What type of home is 501 509 MAIN STREET?

501 509 MAIN STREET is a Multi-family, Multi-Family, built in 1961.

How large is 501 509 MAIN STREET?

The home offers approximately 4,085 sq ft of living space.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,806. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $4,565 per year.

What is the Grande Prairie area like?

Grande Prairie has a population of about 81,424, a median age of 35, a 79% home-ownership rate, with an average commute of about 23 minutes.

What is the average home value in Grande Prairie?

The median dwelling value in this area is approximately $280,000, based on census data via Neighbourly.

What is the median household income in Grande Prairie?

The median household income in this area is approximately $89,000.

Private viewings

Arrange a private viewing of 501 509 MAIN STREET.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

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