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., 2016
Volume 20, Issue 9
Dear Friends and Partners,
It’s amazing what can happen in a week; Fort McMurray. I’m originally from Vancouver and Danielle is from outside of Toronto. We’ve lived in Edmonton for just over 6 years now and our business has been based here for 14 years. The one thing that has always impressed and enamored us with Alberta is the friendliness of the people. You can really see that turn into action when an emergency hits. Not just Albertans stepped up but all Canadians and an especially the East-coasters.
We now face a lot of rebuilding - but it could have been worse.
Forest Heights: Side by Side, 4-Unit. 2 Blocks from future LRT + Cashflow
Great area, non-conforming 4-plex (side by
side duplex style) is 7 minutes to downtown; in the heart of Forest
Heights.This property can apply for legal suite zoning and upgrades to
make legal.This is property is in good shape and can have upgrades done using a PPI strategy to add legal suites and upgrades. 1957 built, new roof, windows, kitchen and laundry.
Terrific access to local amenities in sought after Forest Heights. Includes a double garage, pad and large lot. Purchase price includes reserve fund and small renovations included into mortgage, to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Forest Heights.
Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown and attending UOA. 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 includes $10K in renovations.
Purchase price: $705,000
Total Investment: $156,930
Your Estimated 5 Year Profit $101,310
Your pre-tax Total ROI is 65% or 13% 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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Tim Hortons' co-founder serves up $2M treat for Fort Mac
By Bill Kaufmann, Calgary Herald, May 13th., 2016
When the Calgarian who helped found the Tim Hortons delivered a gift to the suffering denizens of Fort McMurray, it wasn’t snack-sized.
On Friday, Ron Joyce and his family delivered $2 million to the Red Cross to keep a river of generosity flowing to about 90,000 people forced to flee wildfires and their city.
The residents of the oil-sands city simply deserve a break, said Joyce.
“With the economic downturn of the last two years and now this, the residents have had a tough time,” he said. READ MORE HERE
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New downtown buildings should help attract younger workers, seminar told
By Gordon Kent, The Edmonton Journal, May 12th, 2016
Edmonton’s downtown building boom should make it easier for companies to attract young skilled employees to the city, a real estate investment specialist says.
Many millennials — generally considered to be people in their 20s and 30s — want to work in interesting surroundings rather than just going to a job, Chris Nasim, vice-president of asset management for GWL Realty Advisors, said Thursday.
When his company tried to hire staff from the University of Alberta a few years ago, most graduates wanted to go to Calgary instead, he told an Edmonton Real Estate Forum seminar. GRAB THIS ARTICLE
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Alberta must diversify because oil prices won’t bounce back senator says
By Gordon Kent, Edmonton Journal, May 13th, 2016
Alberta needs to act soon on diversifying its economy because the energy industry is going through fundamental changes, one of the organizers of an innovation meeting said Friday.
“We have seen this movie before. The price of oil falls, we’re unhappy … The price of oil goes back up, and we all go to lunch,” Alberta Senator Doug Black said.
“This time, the price of oil is not going back.” FOLLOW THIS STORY
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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.
“Every little thing counts in a crisis” - Jawaharlal Nehru
Warm Regards,
Todd and Danielle Millar
