#607 620 King Street, Spruce Grove
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Description
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Extremely affordable & cheaper than rent so perfect for first time home buyer & will even make perfect investment property for smart investors as it has an attractive price. If it had a fresh coat of paint & new flooring sure it would look better but the price would be higher too but if you choose to do that then you get the colour you want. Built in 2003, you will find this home is centrally located in Spruce Grove & therefore gets all the benefits of this fast growing dynamic community plus being centrally located you have easy access to all amenities. Inside, you will find this a very spacious 2 bedroom condo. Huge living room and bedrooms, much bigger than many new builds. Living room has sliding doors to your balcony & your parking stall is close by & has benefit of being tandem so you can park 2 cars. Laundry is conveniently in suite plus furnace & brand new hot water tank so you are always in control of your utilities. Well managed complex with low condo fees & new shingles recently done.

Inside photos are from a similar unit so not the actual home but same layout and similar finishing.

Asking Price
$

Down Payment
%  
$   6250

Interest Rate
%  

Amortization
yrs

Monthly Payment
$ 645.08

CMHC Fee 4 %  
$ 24.81

More Options   
Rent
$   

Appreciation
%    

Property Tax
$    

Insurance
$    

Monthly Utilities
$    


Vacancy
%    

Management
%    
$   0

Maintenance
%    
$   0

Analysis
Cap Rate 8.17 %
Return on Investment39.54 %
Monthly Cash Flow $ 205.93

TOTAL ROI
(Principle Reduction, Appreciation, Cash Flow)
1 YR3 YRS5 YRS
150.19 %462.15 %790.44 %