Absolutely! I’d also recommend exporting the GP file’s individual instruments to MIDI, and using a program like EZDrummer to make the drums sound more realistic, but that involves cost and learning – but do take that as a takeaway. I did this song that way (this was a REALLY fast kamikaze thing – written on the fly while I was recording, with minimal passes – Idea to finished in less than 12 hours.
https://edseith.bandcamp.com/track/stream-of-unconsciousness
You can do a lot of really great, near-professional sounding work at home with minimal equipment investment if you take your time and learn the craft. Good luck!