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53314 Highway 44
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Spruce Grove · Industrial · under $4,225,000. Alerts only send when there are new or meaningfully updated matching homes.
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Visit the Listing Brokerage (and/or listing REALTOR®) website to obtain additional information. Multi-use Acreage/Industrial Property. Upgrades to the site improvements include significant asphalt, road crush, and 2 Cisterns. Additional site improvements include an additional cistern, 3 septic tanks, chain-link fencing on a portion of the site and a gate that provides access to the work site area. Shop 1 consists of a 1750sqft metal framed shop on a concrete pad. Interior finishes include concrete flooring, curved open ceiling, and fluorescent lighting systems. Mechanical systems include radiant tube heating and a 100 amp electrical service. It also features a vehicle lift. Shop 2 consists of a 1950sqft metal framed shop on a concrete pad. Upgrades include power, gas and overhead door. The building features a vehicle lift, hotsy pressure washer, 3pc bathroom and laundry area. Quonset 1 consists of a 5000sqft metal pole - canvas covered - Quonset on a concrete pad with asphalt over top. Quonset 2 is 4100sqft canvas and set on a gravel pad. Office/Staff Trailer consists of a 600sqft staff trailer that has a metal exterior and brick accents. Interior includes laminate flooring, metal panel walls and ceiling, and fluorescent lighting. The office trailer includes several offices, a reception area, 4pc bathroom and kitchenette. There is an additional 910sqft Office trailer. The Barns main floor consists of a drive in door, (7) 10x10 storage lockers, and 2000sqft of heated storage. The second floor has a kitchen, living room, 1 bedroom, open game room/dining space, 3pc bathroom, office and laundry area with a wrap around deck outside. The dwelling is 1652 sqft bungalow with a single-car detached garage. Includes a full 1550 sqft basement suite. Renovations/Upgrades included roof, concrete (driveway, patio, stairs), windows, kitchen on both levels, wood finishing on both levels, and upstairs lighting. (id:65958)
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
-0.49%
Cap rate
4.77%
GRM
13.9
Break-even rent
$23,738
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.
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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 1, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.