Yellowknife (Oct 25/06) - It has a 550-horsepower engine capable of taking the car from 0-60 miles per hour in 3.3 seconds.

There are only 200 vehicles like it in Canada, and it's right here in Yellowknife.

Brent Stevens, general manager of Kingland Ford Sales in Yellowknife, poses next to the 2006 Ford GT. There are only 200 Ford GTs available for purchase in Canada at $200,000 apiece. - Jessica Klinkenberg/NNSL photo

The Ford dealership in Yellowknife is proud vendor of a flashy 2006 Ford Gran Turismo (or GT).

For car enthusiasts, this is a very limited opportunity as the Northwest Territories has had only three of the cars for sale.

The first one went to Hay River, the second one was transferred to a dealership in Alberta and Kingland earned the third one by achieving highest volume in a Ford sales contest, said Brent Stevens, Kingland's general manager of sales.

"It was kind of a morale booster for the staff," said Stevens.

The dealership has had the special-edition car for a week now, and Stevens said that the vehicle has generated a lot of foot traffic. "People just come down to the dealership to see it," he said.

The car, which features white paint with blue stripes, is selling for $198,995.

$6,000, the blue stripes alone are worth more than what some people make in a month.

But Stevens said that the asking price is cheap compared to what the automobile could be worth someday.

"It's estimated that the car could be worth $1 million in a decade," Stevens said. "The serious interest comes from the car enthusiasts. It will be a collectors' (item)."

Those who purchase the GT can be comforted to know that it's the car of choice for some celebrities.

"Jay Leno drives his all the time," Stevens noted.The 2006 GT is based on a 1960s model that Ford entered in a race in Le Mans, France.

That mechanical wonder pulled off a triple crown -- first, second and third place -- in its racing debut.

Interest in the modern version of the car isn't limited just to Yellowknife.

"We get calls from all over, we've had calls from all over Western Canada," he said.

Though Stevens hopes that the car will be sold, it's likely that it will be missed by Kingland staff.

"It's a point of pride for our dealership to have it," he said.