Spruce Avenue, Edmonton · MLS® E4512163
34
4,093 sq ft · 696 m² lot · House · Single Family · built 2013 · 17 days on market
listed by Devin Gray, Exp Realty
Exceptional multi-family investment opportunity in the heart of Central Edmonton! Offering six versatile living space, this 4plex plus 2 legal lower suites is prime for maximum rental income. Each unit will attract good tenants with bright kitchens, spacious dining areas, and sunlit living rooms. Upstairs, each unit offers two generous bedrooms with private full ensuites and walk-in closets. Two of these main units include fully finished basements complete with a third bedroom, rec room, and four-piece bathroom—ideally set up for an effortless conversion into basement suites! The remaining two basements are already fully approved legal 1BR/1BA secondary suites. Tenants will love the added comfort of in-suite laundry alongside four detached single-car garages. Perfectly situated just minutes from downtown, LRT transit, schools, shopping, and the Royal Alec and Glenrose hospitals, this property commands top-tier tenants. A true turnkey revenue powerhouse with infinite growth potential!
20% down at 4.34% fixed (Ratehub.ca), 25 years.
Catchment schools, Edmonton Public Schools
24577.3 km away · 10930 - 107 Street NW, Edmonton · (780) 426-0205 · website
24576.8 km away · 10210 - 108 Avenue NW, Edmonton · (780) 426-3010 · website
24577.6 km away · 11424 - 102 Street NW, Edmonton · (780) 479-0155 · website
From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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Rapid transit: Kingsway/Royal Alex LRT station, 700 m (about 10 min walk); NAIT LRT station, 700 m (about 11 min walk).
about $17,595 a year
The asking price times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Rapid transit: Kingsway/Royal Alex LRT station, 700 m (about 10 min walk); NAIT LRT station, 700 m (about 11 min walk).
Walkability 83/100 · Very walkable: most errands on foot
Within a 10 minute walk: 3 grocery stores, 12 places to eat or drink, 3 cafes, 7 parks and playgrounds, 3 schools, 2 pharmacies, 44 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.