City Centre, Spruce Grove · MLS® E4512134
11
398 sq ft · Condo · Single Family · built 2015 · 18 days on market
listed by Tina Davis, Exp Realty
A great opportunity for investors, first-time buyers, or those seeking low-maintenance living! Located in The Nest in the heart of Spruce Grove, this 398 sq. ft. studio condo offers a thoughtfully designed open-concept layout that makes excellent use of every square foot. Situated on the second floor, this bright corner unit features a space-saving Murphy bed, modern finishes, vinyl plank and ceramic tile flooring, in-suite laundry, and a private balcony. Additional conveniences include an assigned parking stall, elevator access, and an on-site fitness facility. Enjoy a central location close to shopping, restaurants, walking trails, and everyday amenities. Whether you’re looking to expand your investment portfolio, purchase your first property, downsize, or enjoy a simpler lifestyle, this well-located studio offers plenty of possibilities!
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $514 · strata $234 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in Edmonton: CMHC's average there ($1,108) lowered 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 $1,079 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 83/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 9 places to eat or drink, 1 cafe, 9 parks and playgrounds, 3 schools, 3 pharmacies, 14 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.