Brand new 4-plex with 8 fully legal units in central Edmonton! Each main unit features 3 bedrooms, 2.5 baths, and 1,395 sq ft, plus a fully self-contained 1 bedroom, 1 bath basement suite (686 sq ft) with separate entrance and in-suite laundry. Modern finishes throughout, separate utility meters, and parking included. Projected gross rent of $163,200/year with 5–6% cap rate potential. Ideally located near NAIT, Royal Alexandra Hospital, downtown, and major transit routes. No rent control, low property taxes, and a strong rental market make this a perfect turnkey investment. Future condo title potential. A rare opportunity for cash-flow-focused buyers in one of Canada’s most landlord-friendly markets.
Property Type:
Single Family
Dwelling Type:
Quadruplex
Home Style:
2 Storey
Total Floor Area:
5,566.6 sq. ft.517 m2
Price Per SqFt:
$395.21
Total area below main level.:
684.38 sq. ft.63.6 m2
Total area above grade.:
5,567 sq. ft.517.15 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
6,520.67 sq. ft.606 m2
Lot Shape:
Rectangular
Grade Level Entry:
Yes
Levels:
3
Exposure / Faces:
East
Year built:
2025
(Age: 0)
Bedrooms:
4
(Above Grd: 3)
Bathrooms:
3.0
(Full:3/Half:1)
Total Rooms Above Grade:
3
Plan:
686HW
Building Type:
4PLEX
Construction:
Wood, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Vinyl Plank
Heating:
Forced Air-2, Natural Gas
Parking:
Parking Pad Cement/Paved
Total Parking Spaces:
3
Garage:
No
Ensuite:
Yes
Garage Suite:
No
Garden Suite:
No
Ceiling 9 ft., Detectors Smoke, Exterior Walls- 2"x6", No Animal Home, No Smoking Home, Vinyl Windows
Spruce Avenue
Back Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
Ceiling 9 ft., Detectors Smoke, Exterior Walls- 2"x6", No Animal Home, No Smoking Home, Vinyl Windows
Back Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
ensuite bathroom
Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer, See Remarks
Data was last updated July 6, 2025 at 03:30 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$445,000
Min list price:
$239,000
Max list price:
$2,200,000
Avg days on market:
37
Min days on market:
1
Max days on market:
161
Avg price per sq.ft.:
$383.5
These statistics are generated based on the current listing's property type
and located in
Zone 08. Average values are
derived using median calculations.
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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