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
June 30th, 2014
Volume 17, Issue 1
Dear Friends and Partners,
Happy 147th Birthday Canada!
What a great time to celebrate, reflect, relax and reset this long weekend halfway through the year.
There are some great news articles below to give you insight about pipelines, taxes and investment. But, if you prefer something a bit more lighthearted, check out these 50 Insane Canadian facts.
Have a good one eh!
South Central Edmonton: King Edward 4-Unit Cashflow
This property has front entrances for the 2 X 3BD main floor units and rear entrances for the 2X 2BD lower units. This property was built as a 4-Unit but has RF-3 zoning.
Lots of modern touches and very good square footage. Shared laundry down, 2 x double detached garages . Excellent access to UOA, downtown and the Whitemud.
Comes complete with great tenants making this a totally turn-key property for you. King Edward is a much sought after, mature area that will benefit further from the proposed LRT near Bonnie Doon.
HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
Purchase price: $705K
Total Investment: $171,400 K
Your Estimated 5 Year Profit $103,785K.
Your pre-tax Total ROI is 60% or 12% per year
These 4 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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Lamphier: Northern Gateway not essential to oilsands growth
By Gary Lamphier, The Edmonton Journal, June 19th, 2014
EDMONTON - In the end, it was an utterly predictable decision.
Ditto for the storm of protest that followed it, particularly on the West Coast.
Despite all the drama, the Harper government’s approval of Enbridge’s Northern Gateway pipeline project was about as shocking as the Oilers’ eighth-straight year out of the NHL playoffs.
Ditto for the Sturm und Drang that erupted among pipeline foes immediately after Ottawa issued a cryptic news release announcing its ruling late Tuesday.
“The war is on: Protesters set sights on Harper after Northern Gateway decision,” blared a headline in The Globe and Mail. “The Northern Gateway decision is dangerous and unacceptable,” fumed The Huffington Post. FOLLOW THIS ARTICLE
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Edmonton is Canada’s most tax-competitive city for business: study
By Bill Mah, Edmonton Journal, June 17th, 2014
Businesses in Edmonton pay lower taxes than in any other city in Canada, according to a new report.
In its Competitive Alternatives 2014: Focus on Tax report released Tuesday, KPMG compared the total tax burden faced by companies in 10 countries and 107 cities.
Among 15 Canadian cities, the accounting and consulting firm ranked Edmonton at the top, up from its second-place finish in a 2012 report.
“It’s a very positive story for what I’ll call the Edmonton Advantage of attracting business to northern Alberta,” said Barry Travers, business unit leader for tax in western Canada at KPMG. GRAB THIS STORY
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Lamphier: TriWest Capital, Alberta Teachers pick up stake in crane firm
hot Alberta economy attracting large private equity pools
By Gary Lamphier, Edmonton Journal, June 25th, 2014
EDMONTON - Two of Alberta’s largest private equity players are teaming up to acquire control of one of Edmonton’s top industrial companies.
Calgary’s TriWest Capital, the province’s largest private equity firm, and the $10-billion Alberta Teachers’ Retirement Fund (ATRF), based in Edmonton, have agreed to buy a majority stake in NCSG Crane and Heavy Haul Corp.
The seller, Seattle-based NCA Partners, a private equity firm that purchased control of NCSG in 2006 and has since supported its aggressive acquisition-driven growth plan, will retain a minority interest in the company. READ MORE HERE
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Your success continues EVERYDAY, let me help you build for tomorrow.
“Success is the progressive realization of a worthy goal or ideal" - Earl Nightingale
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.
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