Ridgeview

Grande Prairie & Investment Rationale Grande Prairie is the commercial and service hub of Alberta’s Peace Region, supporting a broad regional economy built around energy, agriculture, forestry, construction, transportation and logistics. Its role as the principal urban centre for northwestern Alberta creates a consistent need for attainable, well-located rental accommodation serving local employees, tradespeople, young professionals and households. For apartment investors, Grande Prairie offers an opportunity to acquire purpose-built rental housing at a materially lower basis than Alberta’s major metropolitan markets, while participating in a city with a diversified employment base and a large surrounding trade area. The market’s connection to resource activity supports strong employment-driven housing demand, while agriculture, forestry, public services, education, retail and logistics contribute to a more balanced tenant base. Ridgeview Manor is positioned to benefit from this demand through its accessible one- and two-bedroom suite mix, manageable scale and remaining rental upside. Investors can acquire a stable existing asset, improve income through normal leasing activity, and pursue long-term CMHC-insured financing subject to lender and property due diligence. Grande Prairie’s economy is anchored by energy, agriculture and forestry, with further diversification in construction, logistics and manufacturing. City of Grande Prairie, County of Grande PrairieRidgeview Manor East & West Ridgeview Manor East & West is a 30-suite, two-building apartment investment in Grande Prairie, Alberta. The property comprises 20 one-bedroom and 10 two-bedroom suites across approximately 21,850 square feet of rentable area. The asset offers a practical value-add opportunity supported by clear rental upside. In-place rents are below recent leasing activity in several suites, while the current rent roll provides a meaningful path to stabilized income through ordinary turnover and renewals. One-bedroom suites are underwritten at $1,250 per month and two-bedroom suites at $1,375 per month, with recent leasing demonstrating support for these levels. The property’s scale, suite mix and stabilized operating profile make it well suited to investors seeking durable rental housing in Grande Prairie. With two 15-suite buildings, a predominantly one-bedroom configuration and a straightforward operating model, Ridgeview Manor offers an accessible acquisition with both near-term income growth and long-term financing potential.