| 97lude |
1089 sq/ft- 2 bedroom/2 bathroom
Granite
Stainless steel appliances
Underground heated parking for 2 cars
Fireplace
Concrete and steel construction (better sound proofing than just wood frame).
Building is located near University in the Parkallen area (approx 66 ave and 110st), close to downtown, southside, UofA and future LRT south expansion (walking distance).
Building is currently under construction and should be ready March 2007.
Price is $425,000
Terms and deposits are flexible; this is a great opportunity for someone to make some quick cash, since it is 5 months away from completion.
Housing prices increased by 6.x% from the prior month. So even if we are conservative and say prices only increase by 1% a month over the next 5 months, you have approx 20k in appreciation and potentially a lot more than that.
Now I know people are probably thinking why sell it if it is going to go up and the reason is that I’ve got something else I need the money for.
PM or post for more details. |
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| TrevorK |
You might want to post a link to the developer's website, showing the floor plan and such for potential buyers.
If you need any pictures posted PM me. |
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| 97lude |
Thanks TrevorK but I don't have any pictures to post.
Unit floorplan can be seen at
http://www.abbeylanehomes.com/
Click on new projects and then Park One, unit for sale is unit 102.
This is a 2 building project and both units are sold out.
Also all PMs have been replied to. |
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| 97lude |
| Great opportunity for a group of people to pool there money and invest, Edmonton market is predicted to be the top performing in Canada for the coming year. |
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| Precision |
quote:
Originally posted by 97lude
Great opportunity for a group of people to pool there money and invest, Edmonton market is predicted to be the top performing in Canada for the coming year.
Have a link to where you heard this? |
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| 97lude |
http://www.canada.com/edmontonjourn...77-668b892190f4
World's best real estate investment market
Ron Chalmers
The Edmonton Journal
Wednesday, October 18, 2006
EDMONTON - Edmonton may be the world's best city for real estate investment, says Vancouver analyst Don Campbell.
"Fundamentally speaking, Alberta's economy is as good as it gets," he writes in his latest issue of Top Ten Alberta Investment Towns, released Tuesday.
High energy prices, rapid population growth, low unemployment, good infrastructure and affordable housing make our province "the number one region in Canada -- if not the world -- in which to invest," he writes.
Campbell's "top ten" list actually contains 15 Alberta municipalities -- counting Sturgeon and Strathcona separately. Edmonton is number one for the fifth consecutive year.
PricewaterhouseCoopers recently credited Edmonton with "one of the most diverse economies of any city in North America," Campbell notes.
"Economic diversity provides economic stability, meaning that Edmonton is no longer prone to major upward or downward swings," he writes. "This type of stability is what long-term real estate investors are seeking."
Campbell points out that "Edmonton is strategically located between one of the world's most stable oil supplies (the oilsands) and the United States -- the world's largest energy consumer."
On his standard scorecard, Campbell gave Edmonton a perfect 13 out of 13 for factors such as rising population, jobs and incomes, economic diversity, affordable housing, political leadership, infrastructure and lifestyle.
He upgraded Grande Prairie, "a city that is poised for greatness," from eighth to second position. "Grande Prairie has become an economic power, diversifying its economy away from just forestry by becoming a major service centre for the growing oil and gas exploration industry," he writes. "Most major retailers and restaurant chains have set up shop to service this growing population."
Campbell cites Money Sense magazine as recently naming Grande Prairie the fourth-best place to live among 108 Canadian cities.
The Bank of Montreal chose it as number three for small business activity.
But Grande Prairie's tight real estate market squeezes some residents. "The city has recently entertained an idea to build 'garages' to enable residents in the cold winter months to continue living in the trailers and tents that they stayed in over the summer," Campbell reports.
Calgary placed third on his list.
"However, housing prices are becoming increasingly expensive for the investor as they search for potential cash-flow," Campbell cautions. "With the difficulty of new migrants finding a place to live in Calgary, we will see these people start to focus on other regions of the province."
Campbell is president of Real Estate Investment Network and author of Real Estate Investing in Canada, the bestselling Top Ten Investment Towns, which sells for $49.97 at (888) 824-7346.
rchalmers@thejournal.canwest.com
TOP ALBERTA INVESTMENT TOWNS
1. Edmonton
2. Grande Prairie
3. Calgary
4a. Red Deer
4b. Sturgeon-Strathcona
5a. Lacombe
5b. Sylvan Lake
6a. Okotoks
6b. High River
7a. Devon
7b. Fort McMurray
8. St. Albert
9. Cochrane
10. Lethbridge
Source: Real Estate Investment Network
Ran with fact box "Top Alberta Investment Towns", which has been appended to this story. |
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| Precision |
| Great read, thanks!:thumbup: |
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| GQsmooth |
| 425k for a CONDO...wow, I'd rather sit back and watch how this market goes, it shall be coming to an end soon! Damn ppl trying to take advantage of the boom. |
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| accordt |
| The market is crazy but 425 seems high. I have a 1908sq/ft house I'm about to put on the market for around 410-450 and its only acouple months old its in mcewan all hardwood and granite ect... |
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| 97lude |
It has to do with location; the location is very central and very close to DT and the U of A. People buying in and around these type of areas usually value there time and don’t want to spend close to 2 hours of there day commuting back and forth to work.
Also it is a older neighborhood and some people like the character of these kinds of areas. Just like homes in the south cost more than homes in the north.
Price wise I think it is very competitive, there is one on MLS right now for $435k and it is smaller and only comes with parking for one car. |
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| accordt |
| I never noticed the location. Everything around there cost's lost's same with my area. |
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