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23 HOPE CM
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Spruce Grove · Single Family · under $500,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This might be the best duplex in Spruce Grove! Everything you could want in a home is here! This 1876-sq-ft home sits on a massive, beautifully maintained lot. The yard offers a large shed, multiple trees, & a custom deck (set far from the fence for extra privacy). Inside, the main floor features an office space, a 2-piece bath, and an open-concept living area with a spacious kitchen, a walk-in pantry, Stainless Steel Appliances, and patio doors to the oversized deck. This home is extra bright, with windows on the east side that bring in gorgeous sunlight! Upstairs, there are 2 guest bedrooms, a 4-piece bath, a bright laundry room, and a bonus room at the back. The Primary suite is KING-SIZED with a large & sunny south-facing walk-in closet and a 3-piece ensuite w/linen shelves. In the basement, there is ample room for development, which could include a bedroom & a family room area, and it already has a rough-in for a bathroom. Close to schools & the Tri, & quick access to commute, this home has it all! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 3.98 × 4.22 meters | |
| Dining room | 3.06 × 2.97 meters | |
| Kitchen | 3.99 × 3.91 meters | |
| Den | 2.93 × 2.69 meters |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.82 × 4.1 meters | |
| Bedroom 2 | 3.04 × 3.14 meters | |
| Bedroom 3 | 3.05 × 3.02 meters | |
| Bonus Room | 3.89 × 3.98 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-5.81%
Cap rate
3.70%
GRM
15.9
Break-even rent
$2,868
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.