Spruce Grove Apartment Buildings for Sale

Multifamily in Spruce Grove available for sale

Spruce Grove Apartment Building for Sale

106 Jespersen Ave

Spruce Grove, AB T7X 2H7

Multifamily for Sale
$1,350,000 CAD
4,570 SF

Spruce Grove Multifamily for Sale - Outlying

Discover this exceptional five-unit multifamily property located on a quiet cul-de-sac in one of Spruce Grove’s most desirable and fast-growing areas. Built in 2020, this newer building offers modern construction, low-maintenance design, and a strong foundation for long-term rental growth. The unit mix includes three spacious two-bedroom suites, one one-bedroom unit, and one three-bedroom unit—perfectly positioned to attract a diverse range of tenants. Strong rents are currently in place for the units, with additional upside potential as market rents continue to rise in this thriving community. Each unit is submetered for utilities, and includes in-suite laundry. All five units are fully rented to long-term, reliable tenants, providing consistent, hassle-free cash flow. The newer building significantly reduces repair and upkeep costs, making this an ideal turnkey investment for both experienced and first-time multifamily owners. With Spruce Grove’s population and infrastructure expanding rapidly, demand for quality rental housing is only expected to increase. This property is an excellent opportunity to secure a well-located, income-producing asset that will appreciate while delivering stable, predictable returns. Don’t miss your chance to own a modern, fully leased five plex in one of Alberta’s most dynamic rental markets.

Contact:

Hughes Commercial Realty Group

Property Subtype:

Apartment

Date on Market:

2026-03-13

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Apartment Buildings for Sale in Spruce Grove

View All Available Listings

How many apartment buildings are available for sale in Spruce Grove?

There are currently 1 apartment buildings available for sale in Spruce Grove, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Spruce Grove?

The average size of apartment buildings available for sale in Spruce Grove is about 4,570 SF. The largest apartment buildings available to buy is 4,570 SF and the smallest is 4,570 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

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Apartment Building for Sale in Spruce Grove