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
October 14th., 2015
Volume 19, Issue 6
Dear Friends and Partners,
As the warm weather stretches into October, so does the anticipation of the election. It feels like we’re holding our collective breath; for oil prices to stabilize, the Alberta budget to be announced (end of October) and the Federal leaders to be chosen.
A feeling of uncertainty leads us into Q4 and that is reflective in the housing markets (slower sales) and rental market (more vacancies). Hope for the best and plan for the worst is an ideal axiom to see you thru.
North East Edmonton: Highlands Legal 4-Unit Cashflow
Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.
Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rent-ability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. 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: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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!
These 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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Homes near new arenas and stadiums can expect bumps in real estate value
By Mario Toneguzzi, Calgary Herald, October 13th, 2015
The construction of new arenas and stadiums has a positive impact on real estate values for nearby homes, says a new report by the Real Estate Investment Network.
“A key highlight of the research findings is: Homes in neighbourhoods close to new stadium builds — or proposed stadium builds — on average, have premiums ranging between three per cent and 15 per cent, depending on the different types of housing, parking options available, and the distance from the stadium itself,” said Don Campbell, senior analyst with REIN. GRAB THIS STORY
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Calgary, Edmonton forecast shows dramatic reversal in oil patch fortunes
By Gordon Isfeld, September 22nd., 2015
OTTAWA — The dramatic reversal of economic fortune in Alberta is most evident in its major cities, where a province-wide recession has already followed the global collapse of oil prices.
Both Calgary and Edmonton are expected to end 2015 with negative growth, as will the province as a whole, the Conference Board of Canada said in its forecasts for metropolitan economies, released Wednesday.
“After cruising at high speed over the last five years, Alberta’s economy has shifted into reverse gear this year,” the Ottawa-based think-tank said. READ MORE HERE
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Alberta economy to contract more than expected this year
By Mario Toneguzzi, Calgary Herald, September 22nd., 2015
Continued volatility in oil prices has “aggravated already challenging economic conditions” in Alberta, leading to a further forecast decline in the province’s economy, says RBC.
The bank’s latest provincial outlook says the Alberta economy is now expected to contract by 1.3 per cent in 2015 compared to its June forecast of a one per cent drop. A return to positive territory is expected in 2016 with 0.6 per cent growth in real gross domestic product, it said.
“A renewed downturn in crude oil prices is intensifying the pressures facing the hard-hit energy sector in 2015,” Craig Wright, senior vice-president and chief economist with RBC, said in a statement. “Prospects for a relatively short bout of contraction were further dampened with drought conditions, wildfires and disruptions to crude oil production exacerbating the economic downturn.” FOLLOW THIS ARTICLE
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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.
“It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S Truman
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 daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
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