29 McLeod AV

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$394,478

29 McLeod AV

Legacy Park, Spruce Grove · MLS® E4494206

332

1,378 sq ft · Townhouse · Single Family · built 2026 · 129 days on market

listed by David Lofthaug, Bode

realtor's description

Welcome to the Jade — a stunning 2026-built townhouse offering two floors of thoughtfully designed living space in the sought-after community of Legacy Park, Spruce Grove. The open-concept main floor sets the tone with a cozy fireplace in the great room, a rear kitchen, central dining area, pantry, half bathroom, and a practical mud room — everything you need for modern family life. Upstairs, the second floor delivers where it counts: a primary bedroom with a private ensuite, two additional bedrooms, a full washroom, and the everyday luxury of second-floor laundry. Park with ease in your double car garage — a rare and valuable feature in new townhouse living. The Jade is new-construction quality with the features and finishes today's buyers are looking for. Home under construction. Photos are representative. Virtually staged. Appliances, furniture and decor not included.

property details

type: Townhouse, Single Family
bedrooms: 3
bathrooms: 3
living area: 1,378 sq ft
parking: 2
year built: 2026
days on market: 129
MLS®: E4494206

features

See remarks
Park/reserve
Lane
No Animal Home
No Smoking Home

property tax

about $3,607 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.

monthly cost

$1,719/mo

Mortgage $1,719

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,719/ monthly

loan $315,582

25-year amortization

down payment20% · $78,89620%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $200,028
land title fees: $815; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $79,711; down + land title fees
total paid: $515,611

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,880/mo
after all costs: −$164/mo
cap rate: 4.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,719 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Edmonton: CMHC's average there ($1,802) 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