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378-382 Pioneer Rd 6 Unit Apartment Building $1,205,700 USD ($200,950 USD/Unit) 4.45% Cap Rate Spruce Grove, AB T7X 0A7



Investment Highlights
- Highway Connectivity (Highway 16A + Pioneer Road Access)
- Purpose-Built Rental Demand Growth
Executive Summary
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.
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.
Property Facts
| Price | $1,205,700 USD | Apartment Style | Low-Rise |
| Price Per Unit | $200,950 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.45% | Building Size | 12,012 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | DC.10 | ||
| Price | $1,205,700 USD |
| Price Per Unit | $200,950 USD |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 12,012 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | DC.10 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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378-382 Pioneer Rd
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