Are you looking to invest in Grande Prairie real estate?
There are many reasons to invest in Grande Prairie. Among other things, Grande Prairie provides a solid economy, a long-term potential for rental demand, many shopping options, outdoor recreation and more!
Grande Prairie also provides a high quality of life. This city boasts of amazing natural scenery, a strong sense of community and affordable housing.
So, now that you know why investing in Grande Prairie is a good idea, let’s determine where to invest. In this post, we will give you a list of the best neighborhoods in Grande Prairie to invest in!
Best Grande Prairie Neighborhoods to Buy Real Estate
Most of the homes in Swavanon were built in the 1960s and the 1970s. However, there are newer ones that have been built in the 2000s. The homes are fairly large, offering 3-4 bedrooms.
As a real estate investor, you will find that families with young children will be attracted to this neighborhood as there are primary and secondary schools in the area.
Hillside mainly has detached single-family homes, but it also has townhouses and small apartment buildings. Most homes were built in the 1960s and 1970s and are fairly large containing 3-4 bedrooms.
The neighborhood is car-friendly as parking spots are abundant. It also has quick access to major highways. Though Hillside is a far walking distance from major city attractions, it does have amenities, such as grocery stores, restaurants, daycares and primary schools.
3. Highland Park
When investing in Highland Park, you can target different demographics.
The neighborhood is dominated by detached single-family homes and small apartment buildings. Around 60% of the rental properties in Highland Park tend to be rent-ready.
Most of the properties here were built in the 1960s and 1970s.
This is another car-friendly neighborhood with many parking spaces. Families will also enjoy the many available primary and secondary school options.
There are also several restaurants and a grocery shop conveniently located in this neighborhood.
Cobblestone is a suitable neighborhood that you, as a real estate investor, can decide to invest in. This neighborhood mostly has detached homes, as well as townhouses and small apartment buildings. Many of the rentals in Cobblestone were built in the 2000s.
Similarly to the previously mentioned neighborhoods, parking is convenient in Cobblestone. Residents will enjoy having their own vehicle to get around the city.
There’s also easy access to daycares and primary schools as there are many in walking distance. That said, it is important to note that there are no high schools in the neighborhood.
This neighborhood is quiet and peaceful. There are grocery stores and cafes, but not many restaurants. It is a great place to raise a family, nonetheless.
5. North Ridge
North Ridge is another great neighborhood for real estate investing. This area is renowned for offering small apartment buildings, townhouses, and single homes. Most of the properties have 2-3 bedrooms and were constructed in the 2000s.
There are plenty of renters in this neighborhood.
In North Ridge, residents can easily access major highways. Having your own transportation vehicle is advisable. There aren’t many walkable areas, but there are grocery shops, cafes and restaurants available in the area.
There are also many primary and secondary schools nearby. North Ridge also offers a tranquil environment, making it perfect for families or even retirees.
About Grande Prairie
Grande Prairie, located in Northwestern Alberta, is a thriving city. The city is continuously growing and there’s a lot of opportunity.
The population of Grande Prairie is approximately 69,088. Most of the population is between the ages of 30 and 34. Grande Prairie is a culturally diverse city.
The economy is strong and based on oil and gas, forestry, agriculture and retail. As a result, there’s a lot of work opportunity in these industries.
Here are some of the things you can do in Grande Prairie:
- Visit the many parks and trails
- Go to the Eastlink Centre
- Appreciate arts and culture at the Centre for Creative Arts, the Montrose Cultural Centre, or the Grande Prairie Live Theatre
- Get a glimpse of the past at Heritage Village
In a Nutshell: Best Neighborhoods in Grande Prairie
Grande Prairie, Alberta is a great city for investing in real estate as it has a stable economy, a young workforce, a low cost of living, a high quality of life and a strategic location.
The population is also consistently growing, making the demand for rentals increase as well.
While there are many neighborhoods in Grande Prairie, if you are looking to purchase real estate in this city, these are the areas we believe you should consider:
- Highland Park
- North Ridge
If you have more questions or are seeking help, don’t hesitate to contact Real Canadian Property Management Solutions today. We can help you with any aspect of real estate investing, as well as any aspect of property management in Alberta.
For tips on buying real estate in Grande Prairie, read our guide here!