Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
April 15th., 2014
Volume 16, Issue 6
Dear Friends and Partners,
The last couple weeks have started to show a burst of new properties hit the market.
Although many of the multi-units ones are still far from an ideal buy, its encouraging to see some variety.
What we’re finding is that with the pent up demand for investors, any halfway decent property (that is priced right) will get multiple offers within 2 days of list.
This is a key time to know what you want to buy, where, your maximum purchase price and what kind of offer to write. If you’re looking for a house the same notes apply, but you have better selection and slightly less pressure.
The townhouse resale market remains plentiful and there are many good opportunities to be found with a lot less pressure.
For more tips on buying and writing offers visit our NuWire page.
South Central Edmonton: Cashflow in this Bonnie Doon, Suited Bungalow
Turbo charge your portfolio. This suited bungalow is located on a tree lined street, across from Bonnie Doon Mall.This 1953 built property has a front entrance for the upper 3 bedroom unit and a rear entry for the lower 2 bedroom suite. The lower unit has been nicely renovated and the top floor is in great shape.
Our renovation team will add a few tweaks to modernize the units and make certain that they comply with safety regulations, but its ready to go! There is shared laundry down, a 2 car detached garage as well as stall parking for 6. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south area with easy access to transit and downtown. Bonnie Doon is a sought after, mature area with plenty of schools, parks and amenities.
Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
Purchase price: $349,000
Total Investment: $81,979
Your Estimated 5 Year Profit: $49,532
Your pre-tax Total ROI is 60% or 12% per year
These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
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Hot Edmonton Market Leads to Bidding Wars
By Staff Writers, Global News, April 2nd, 2014
EDMONTON — Spring is a traditionally busier time for the real estate market, but a new trend is emerging.
Homes that have hardly been on the market are being quickly snapped up by over-bidding buyers.
It was the perfect set-up for Sean Pateman, who was looking to sell his Lewis Estates home. After being on the market for only one day, it had already garnered five showings.
“I knew the market was hot right now,” he said. “Figure, I’d throw it out there and see what happens.” FOLLOW THIS ARTICLE
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Alberta economy the envy of most regions in Canada
By Mario Toneguzzi, Calgary Herald, April 9th, 2014
CALGARY - Alberta’s economic performance since the 2008-09 downturn has been the envy of most regions in Canada as the province will lead the country in growth this year and in 2015, says a report released Wednesday by TD Economics.
“Healthy gains in oil production – just under 10 per cent average annual increases over the 2009-13 period – combined with a surge of oilsands investment has fueled economic activity,” said the report. “The June 2013 flooding that immediately disrupted provincial economic activity has had the perverse effect of stimulating economic growth since the second half of 2013 through reconstruction activity and a bounce back in output. This has helped to create a strong handoff in 2014.” GRAB THIS STORY
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Average single family home price in Edmonton at record high
By Emily Mertz, Global News, April 2nd, 2014
EDMONTON – The Realtors Association of Edmonton says the average cost of a single family detached home in the city has reached a new high.
The average price for a single family home in Edmonton in the first quarter of 2014 was $432,000.
That price topped the previous record – set in May 2007 – by about $6,000.
“We’re just slightly beyond that record level,” said Realtors Association of Edmonton President Greg Steele.
“For the single family, in May of 2007, we were about $425,000 so about $6,000 higher,” he explained. READ MORE HERE
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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
“Belief creates the actual fact." - William James
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
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