$270K — Priced Right? We Think $230K

Instant price check

Why we estimate $230,500 — $39,400 below the $269,900 asking price

Based on 14 comparable sales near this home, our base market value starts around $268,170.
Premium features like estimated lot value are pushing the estimate higher than nearby averages.
At the current asking price, our model suggests this home is priced above what comparable sales support.

Estimated Lot Value adjustment: +$3,654
Bathroom Count adjustment: -$3,500
High condo fees reduce effective value by $18,362.
Last sold $235,000 → $218,368 (real townhouse trend -7.1% over 0.9 years)
High condo fees ($453/mo vs $300 avg): $-18,362 adjustment
No DOM data; estimate unchanged

There is more of the same CMA detail: comp adjustments, sold-data context, and sell-zone logic.

Disclaimer (RECA/CREA Compliance): This is an Automated Valuation Model (AVM), not a certified appraisal. Data is provided for informational purposes only. This estimate is a mathematical guess and should not be relied upon without consulting a licensed REALTOR®.

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💡 Did You Know?

Did you know this townhouse offers 2 bedrooms and 1.0 bathrooms? Built in 2005, it brings together solid construction with modern living.

Interior photo 1 of #71 3040 SPENCE WD SW

Interior photo 2 of #71 3040 SPENCE WD SW

Interior photo 3 of #71 3040 SPENCE WD SW

Interior photo 4 of #71 3040 SPENCE WD SW

Listed by

Michael T Pelley

REMAX River City

MLS® ID: E4492968

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❓ Frequently Asked Questions

What is the asking price for #71 3040 SPENCE WD SW?

This 2-bedroom property is listed at $269,900 CAD. Pricing is subject to change—use BuyMyHomie's personalized matching to see if it fits your budget and preferences.

What is the neighborhood like near #71 3040 SPENCE WD SW?

Located in Edmonton, this property offers convenient access to local amenities. Start your personalized matching on BuyMyHomie to learn more about the area and find homes that fit your lifestyle.

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