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378-382 Pioneer Rd
Spruce Grove, AB T7X 0A7
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Highway Connectivity (Highway 16A + Pioneer Road Access)
- Purpose-Built Rental Demand Growth
Executive Summary
Strategic investors, this is your opportunity to secure three turnkey income properties
with seller financing available in one of Spruce Grove’s fastest-growing communities.
Located in Prescott, these modern 3-storey income properties are purpose-built for
performance and tenant appeal. Each property features a spacious 3-bedroom, 2.5-
bath upper suite paired with a fully self-contained 1-bedroom, 1-bath main floor suite,
a configuration designed to maximize rental revenue while attracting stable, longterm tenants.
Inside, contemporary finishes create an immediate impact. Quartz countertops, clean
lines, and bright, open living spaces deliver the modern aesthetic today’s renters
expect. Natural light pours through large windows, highlighting thoughtful layouts that
balance style with functionality. These are homes designed not only to photograph
beautifully, but to rent quickly and retain quality tenants.
Each property includes fenced backyards and a double garage, adding everyday
convenience and enhancing tenant satisfaction. The outdoor space provides privacy
and flexibility, while the garages increase practicality and long-term desirability.
Positioned on Pioneer Road, near Highway 16A, with convenient access to shopping,
the Prescott Learning Center, Acheson’s major employment hub, and the new $50M
Myshak Metro Ballpark, Prescott continues to benefit from strong growth fundamentals
and consistent rental demand. Location, accessibility, and modern construction
combine to create a resilient investment profile.
Adding to the appeal, the vendor is prepared to offer seller financing for a portion of
the sale, creating flexibility, improving leverage potential, and allowing investors to
structure the acquisition strategically.
Whether you’re expanding your portfolio or securing a scalable, low-maintenance
asset in a high-growth corridor, this offering checks the boxes for income, location,
and opportunity.
Opportunities with built-in flexibility like this are rare.
with seller financing available in one of Spruce Grove’s fastest-growing communities.
Located in Prescott, these modern 3-storey income properties are purpose-built for
performance and tenant appeal. Each property features a spacious 3-bedroom, 2.5-
bath upper suite paired with a fully self-contained 1-bedroom, 1-bath main floor suite,
a configuration designed to maximize rental revenue while attracting stable, longterm tenants.
Inside, contemporary finishes create an immediate impact. Quartz countertops, clean
lines, and bright, open living spaces deliver the modern aesthetic today’s renters
expect. Natural light pours through large windows, highlighting thoughtful layouts that
balance style with functionality. These are homes designed not only to photograph
beautifully, but to rent quickly and retain quality tenants.
Each property includes fenced backyards and a double garage, adding everyday
convenience and enhancing tenant satisfaction. The outdoor space provides privacy
and flexibility, while the garages increase practicality and long-term desirability.
Positioned on Pioneer Road, near Highway 16A, with convenient access to shopping,
the Prescott Learning Center, Acheson’s major employment hub, and the new $50M
Myshak Metro Ballpark, Prescott continues to benefit from strong growth fundamentals
and consistent rental demand. Location, accessibility, and modern construction
combine to create a resilient investment profile.
Adding to the appeal, the vendor is prepared to offer seller financing for a portion of
the sale, creating flexibility, improving leverage potential, and allowing investors to
structure the acquisition strategically.
Whether you’re expanding your portfolio or securing a scalable, low-maintenance
asset in a high-growth corridor, this offering checks the boxes for income, location,
and opportunity.
Opportunities with built-in flexibility like this are rare.
Property Facts
| Price Per Unit | $275,000 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.45% | Lot Size | 0.20 AC |
| No. Units | 6 | Building Size | 12,012 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | DC.10 | ||
| Price Per Unit | $275,000 CAD |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 12,012 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | DC.10 |
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