Spruce Ridge, Spruce Grove · MLS® E4513962
221
1,020 sq ft · Condo · Single Family · built 2005 · 2 days on market
listed by Heather Joyes, RE/MAX Excellence
The Palisades welcome you to this well-kept, 2nd floor, 2 bdrm condo! Laminate flooring (NO CARPET) and neutral paint make this spacious condo feel airy and fresh. This home has an OPEN CONCEPT living space with a spacious LR showcasing an electric fireplace. The kitchen boasts lots of cabinetry, counter space and also has a breakfast counter. The biggest feature for this kitchen is the enviable walk-in pantry! NATURAL LIGHT flows throughout this unit with the windows and east facing balcony. The master suite is huge with loads of room for a king-size bdrm suite. There are his and hers walk-through closets on the way to the 4 pce ensuite bthrm. There’s a laundry room with space for storage. 1 titled parking stall is included with a storage cage in the heated underground parkade. This secure building also offers a gazebo, amenities building, and ample visitor parking + underground carwash bay. Walking distance to the Tri-Leisure Centre, parks, trails, and more PLUS easy access to all main thoroughfares.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,045 · strata $616 · 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
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about $2,194 a year
The asking price times Spruce Grove's 2026 residential rate of 9.14 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.
Walkability 63/100 · Walkable: many errands on foot
Within a 10 minute walk: 7 places to eat or drink, 10 parks and playgrounds, 1 school, 1 pharmacy, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.