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
May 15th., 2014
Volume 16, Issue 8
Dear Friends and Partners,
As bad as Mars needs Woman, Edmonton needs fish.
One would have thought that sending fresh fresh from B.C. or Eastern Canada would provide fresh and bountiful choices, but it does not. Many of the top grade selection is exported out of Canada or sold to high end commercial buyers (then resold and shipped again) at point of origin. What’s left is a small portion of select fillets and lesser grades that are shipped throughout Canada and processed.
Now, with Icelandic Air flying directly between Edmonton and Reykjavik fresh fish, make that really fresh fish, is finally here! There is discussion of sending local Bison and beef back to Iceland as well.
I like this story because it shows what can happen when Alberta opens up and begins trading on a larger scale, no matter the product. And having fresh fish is just another thing that makes Edmonton a desirable place to live, increasing the social and economic value of our province.
South Central Edmonton: Strathcona Tri-Plex Cashflow
This 1914 built property has a covered porch entrance for the 1 X 2BD main floor unit and the 1X 2BD upper unit. The 1X 1BD basement suite has it’s private entrance around the back of the property.
This is a legal non-conforming triplex and is in great shape with an effective age of about 1980.
Our renovation team will add a few tweaks to modernize the lower unit while retaining the character of the home.
Shared laundry down, parking for 3 cars, fenced yard and garden, 2 balcony/patio suites and fireplace.
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 and extremely sought after area with easy access to UOA, Whyte Ave., transit and downtown. Strathcona is a high demand 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: $475K
Total Investment: $125K.
Your Estimated 5 Year Profit $85K.
Your pre-tax Total ROI is 68% or 13.5% per year
These 3 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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Business Booming at Edmonton explosion-testing lab
By Bill Mah, Edmonton Journal, May 9th, 2014
EDMONTON — A booming resource sector means the CSA Group is seeing explosive growth of its own in Edmonton.
In fact, there will be many blow-ups at its explosive atmosphere testing laboratory in the Edmonton Research Park, which will double in size by September.
“We have explosion chambers where we actually explode the product,” said Ash Sahi, president and chief executive of CSA.
“Let’s say a valve has to be tested so we put it in an explosion chamber, pump in gas and oxygen and a flame and blow it up — just like a bomb.”
Toronto-based Sahi was in Edmonton Friday to turn the sod on an expansion of CSA’s current hazardous locations laboratory.
A new windows and doors test lab, CSA’s first, is also coming in September. FOLLOW THIS ARTICLE
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Land rush hits Edmonton as hopefuls camp out overnight for individual lots
By Gordon Kent, Edmonton Journal, May 9th, 2014
EDMONTON - There was a modern Edmonton land rush Thursday as people waited outside overnight for a chance to buy property in Oxford Phase 2.
About 250 people lined up to be part of the draw for 40 city-owned lots in the northwest community.
“These days, people want to build their own house the way they want … That’s the major attraction, you can build the way you want,” Rajesh Arora said. “It’s very difficult to get individual lots.”
Arora, who lives in Ellerslie, was among the first 200 people at the Central Lions Seniors Recreation Centre, so his name will be part of Monday’s draw. GRAB THIS STORY
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Alberta leads Canada’s economy
The Advisor.ca, May 12th, 2014
Energy is the fuel and engineering is the machine that keeps Alberta's economy running in high gear, says a BMO report.
Business dynamism in Calgary and southern Alberta continues, says Mike Darling, southern Alberta regional vice president of Commercial Banking at BMO. "Oil and gas companies still dominate the scene, but we see significant opportunity for firms that support the industry spinoffs. This particularly applies to the engineering sector.” 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.
“The secret of getting ahead is getting started." - Mark Twain
Warm Regards,
Todd and Danielle Millar
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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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