Lemonade from Lemons

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
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January 16th., 2016

Volume 22, Issue 01

Dear Friends and Partners,

Happy New Year!

Hopefully you’re rested and recharged for the year ahead. We’ve got some big changes in the U.S. that undoubtedly will influence us in some way, hopefully for the better. Despite a gloomy start to 2017, there are some bright spots with pipelines, steadier oil prices and lower real estate values (good for buyers, bad for sellers). This year is looking similar to 2016 but with some relief in the later half of Q3 being projected.

When investing for the long-term, cyclical dips present good opportunities to expand your portfolio. Seasoned investors understand that down cycles occur, no matter how protracted one is - it will change direction.

As for adages; slow and steady wins the race & make lemonade from the lemons life gives you are good ones to follow. Change and creativity come from challenges, this is a time to improve and invent - we can shape a good year ahead.

South Central Edmonton: Queen Alexandra, Legal 6-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great area with 6 units under one roof - here it is. 6-unit with 5,600 sqft, steps from trendy Whyte Ave. and across the road from school. 5 minutes to U.O.A., 6 minutes to Hospital, 10 to downtown.

 This is property has many recent upgrades and offers a self contained basement unit. 3 X 1 bedroom units with balcony, 3 X bachelor suites. 1916 built, RF3 zoned building. 6 Parking stalls and single garage. Terrific access to local amenities in sought after Queen Alexandra.
Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature U.O.A. neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Queen Alexandra is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre and University Hospital.


Purchase price: $628,000
Total Investment: $179,000
Your Estimated 5 Year Profit $91,846
Your pre-tax Total ROI is 51% or 10% per year

These 6 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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10 Stories that shook Alberta’s economy in 2016

By Chris Varcoe, Calgary Sun, December 29th., 2016

Fires, recession, pink slips and deficits.

At times, 2016 delivered so much negative news, it felt like Alberta's economy was a punching bag, swinging back wildly from one blow only to be pummelled by another.

The fire that ravaged the community of Fort McMurray in May caused thousands of people to flee and the entire oilsands area to shut down.

In tandem, the second year of recession saw Alberta's jobless rate soar. Oil prices sank below US$30 a barrel in January and February before recovering, topping $50 by the end the year.READ MORE HERE 


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Sturgeon refinery could be the start of something even bigger chairman says

By Gordon Kent, Edmonton Journal, December 2nd, 2016

A small army of tradespeople is piecing together the giant storage tanks and kilometres of tubing for a major project that could kickstart even more industrial development in the Edmonton region.
The $8.5-billion first phase of the Sturgeon refinery isn’t scheduled to start turning bitumen into ultra low-sulphur diesel and other products until late 2017, but North West Refining chief executive and chair Ian MacGregor is champing at the bit to begin the other two phases.  GRAB THIS ARTICLE


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How will the Trump factor affect Alberta? Economists say they’re optimistic

By Stuart Thomson, Edmonton Journal, January 8th., 2017

Two of Alberta’s top economists say they’re more optimistic than most people about Donald Trump’s effect on the province’s economy.

Catherine Rothrock, Alberta’s chief economist, said there’s one big caveat about predicting what the president-elect of the United States has planned, though.

“I don’t think anyone knows,” Rothrock said at a real estate conference on Wednesday morning.

“We have spent some time trying to wade through the Trump factor,” she said. “I’m probably a little more optimistic than other people, especially on the trade side.”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.

“Write it on your heart that every day is the best day in the year.” -Ralph Waldo Emerson

Warm Regards,

Todd and Danielle Millar


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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.