SPRUCE GROVE 8-PLEX *FULLY FUNDED*
Multifamily
SPRUCE GROVE 8-PLEX
Spruce Grove, Alberta (Edmonton suburb)
Minimum
$50k
Distributions
Quarterly
Targeted Returns
15%
Target Hold
10 Years
Property Type
Multifamily
Property Detail
New Build
Overview
2024 Purchase @ $2,135,560. This brand new 8-plex was financed with CMHC MLI Select financing allowing for a limited downpayment (5%), 50-year amortization (lowering expenses and investor returns). At an average 3% appreciation, this property is expected to net investors >20% annualized returns over 10 years.
Just down the street from Heavy Metal Place, Spruce Grove’s brand new civic centre set to open in early 2025 as well as the brand new Spruce Grove Transit Centre that offers a dedicated Park & Ride location with free parking for riders who commute into Edmonton. Minutes from Highway 16 and only 17 minutes from the Anthony Henday interchange on the West side of Edmonton.
- Parks: Nearby parks offer plenty of green space for outdoor activities and relaxation.
- Schools: Excellent schools within walking distance make this ideal for families.
- Shopping: Minutes from major shopping centers and grocery stores, ensuring all your shopping needs are met.
- Transportation: Quick access to public transit and major roads for easy commuting.
100%
INVESTED
$138,540
EQUITY
