378-382 Pioneer Rd - Apartments FOR SALE


Spruce Grove, AB T7X 0A7
$1,650,000 CAD
825-600-5505
378-382 Pioneer Rd, Spruce Grove, AB for Sale
$1,650,000 CAD
Apartments - FOR SALE
1/5
null | 4.45% Cap Rate

378-382 Pioneer Rd
Spruce Grove, AB T7X 0A7


HIGHLIGHTS

  • Highway Connectivity (Highway 16A + Pioneer Road Access)
  • Purpose-Built Rental Demand Growth

OVERVIEW

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, long-term 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.

FOR SALE DETAILS

PRICE

$1,650,000 CAD

PRICE/SF

$137 CAD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

4.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,729 SF

ZONING

DC.10

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Drew KardashAOF Real Estate Team - Professional Realty GroupMore Info
825-600-5505

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Drew KardashAOF Real Estate Team - Professional Realty GroupMore Info
825-600-5505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.