Condo
$239,900
#208A 6 Spruce Ridge Dr
Spruce Ridge, Spruce Grove2 days on market
listed by RE/MAX Excellence
MLS® E4513962
#4 320 Spruce Ridge RD
$234,900
#4 320 Spruce Ridge RD
Spruce Ridge, Spruce Grove · MLS® E4509303
322
1,012 sq ft · Townhouse · Single Family · built 2008 · 37 days on market
listed by Viktoriya Finkbeiner, Century 21 Leading
realtor's description
Welcome to Spruce Ridge Terrace— affordable, move-in-ready home that's perfect for first-time buyers, young families, or investors! Well-maintained 3-bedroom, 2-bathroom corner END UNIT offers extra privacy with no neighbours directly behind & beautiful park views from your private deck. Freshly painted throughout, upgraded refrigerator, it's ready for you to simply unpack & enjoy. Bright, functional layout provides comfortable everyday living, while outdoors offers space for kids to play. Located in a quiet, family-friendly complex, across from a playground, you'll love the convenience of low-maintenance condo living with snow removal, landscaping, & exterior maintenance all taken care of. Two parking stalls right out front are included. Just minutes from schools, parks, walking trails, shopping, restaurants, and easy commuter routes, this is an excellent opportunity to own a home in one of Spruce Grove's most desirable neighbourhoods or add a fantastic investment property to your portfolio.
property details
- type
- Townhouse, Single Family
- bedrooms
- 3
- bathrooms
- 2
- living area
- 1,012 sq ft
- parking
- 2
- year built
- 2008
- strata fee
- $310 / mo ($0.31 / sq ft)
- days on market
- 37
- MLS®
- E4509303
features
- Corner Site
- Flat site
- Closet Organizers
- No Animal Home
- No Smoking Home
- Washer
monthly cost
$1,333/mo
Mortgage $1,023 · Strata $310
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $1,880/mo
- after all costs
- $222/mo
- cap rate
- 6.4%
- yearly net rent ÷ price
Costs: mortgage $1,023 · strata $310 · 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
location
Spruce Ridge, Spruce GroveGoogle Maps ↗
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