#205A 260 Spruce Ridge Rd
$125,000
#205A 260 Spruce Ridge Rd
Spruce Ridge, Spruce Grove · MLS® E4508601
21
657 sq ft · Condo · Single Family · built 2005 · 41 days on market
listed by Michelle Patterson Nipp, MaxWell Challenge Realty
realtor's description
Welcome to Woodgrove Place in Spruce Grove. This 2-bedroom condo offers comfortable, low-maintenance living with a functional layout and everyday features that make life a little easier, including an ensuite laundry room, additional storage, and a private balcony to enjoy some fresh air.The bright living space is welcoming and practical, while the convenience of on-site management adds to the appeal for bo th homeowners and investors. Begin or add an affordable property to your investment portfolio with this excellent opportunity to own in a convenient location.
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 657 sq ft
- parking
- 0
- year built
- 2005
- strata fee
- $464 / mo ($0.71 / sq ft)
- days on market
- 41
- MLS®
- E4508601
features
- No Smoking Home
- Public Swimming Pool
- Washer
- Refrigerator
- Dishwasher
- Stove
monthly cost
$1,008/mo
Mortgage $545 · Strata $464
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $1,600/mo
- after all costs
- $429/mo
- cap rate
- 9.3%
- yearly net rent ÷ price
Costs: mortgage $545 · strata $464 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) raised by what new tenants pay against everyone in the Edmonton area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca