Spruce Grove Dormitories for Sale

Commercial Real Estate in Spruce Grove available for sale

Apartment Buildings for Sale Within of Spruce Grove

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.