240 Spruce Ridge Road
240 Spruce Ridge Road, Spruce Grove, AB T7X 0G5
240 Spruce Ridge Road is a condo building in the Spruce Ridge area of Spruce Grove, Alberta. It was built in 2008 and stands 4 storeys tall.
Market Overview
Last sale: Oct 17, 2026
Condo Fees
Building Features
Known Issues & Notes
Known Issues (news/court)
[lawsuit_or_court - condo fee arrears / foreclosure] A condominium corporation sought summary judgment against a developer-owner of 40 units for unpaid condominium fee assessments totaling $110,695.88 as of September 1, 2010 (before interest/costs), after arrears had reached $98,256.30 by March 31, 2010; the court found no evidence of an alleged special reduced-fee arrangement ($100/month) and held such an arrangement would in any event be unenforceable, dismissed the developer's claimed set-offs and loss-of-opportunity damages as unsupported, granted summary judgment for the arrears, allowed an amendment to add seven previously uncaveated units, and confirmed the developer could not vote while in arrears. (2010-11-18)
SourceManagement
About This Building
240 Spruce Ridge Road in Spruce Grove is a four-storey low-rise apartment building completed in 2008 offering two-bedroom, two-bathroom units averaging around 167,000 in recent sales with monthly condo fees of approximately 455. The wood and stucco exterior building provides convenient amenities including intercom security, visitor parking, and in-suite storage. All units feature in-suite laundry and come with two titled parking stalls, plus access to nearby Tri Leisure Centre and shopping. Before making an offer, prospective buyers should engage a lawyer or reserve fund analyst to review the building's reserve fund study, financial statements, board meeting minutes, and governing bylaws to understand the corporation's financial health and any planned capital projects.
Nearby condo buildings
- Woodgrove Place – 260 Spruce Ridge Road · built 2005 · 120 m away
- #401A 260 Spruce Ridge Rd · built 2005 · 154 m away
- 3 Spruce Ridge Drive · built 2006 · 236 m away
- The Palisades – 6 Spruce Ridge Drive · built 2005 · 456 m away
- 290 Spruce Ridge Road · built 2007 · 533 m away
- #403 300 Spruce Ridge Road · built 2009 · 600 m away
Alberta condo document reviews
General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.