Perfect starter or investment property. 3 Bedroom townhouse, 1.5 bath. Ideally located close to schools, playgrounds, Rundle Park. Upper level has 2 large bedrooms and a 4 pce bath. The basement has a large master bedroom and a 2 pce bath. Newer hot water tank and furnace. It has it own private fenced yard in the front. All the windows have been recently replaced and all the fences have just been repainted. This is a great bargain so don’t miss out. *For more information visit realtor’s website*.
Perfect starter or investment property. 3 Bedroom townhouse, 1.5 bath. Ideally located close to schools, playgrounds, Rundle Park. Upper level has 2 large bedrooms and a 4 pce bath. The basement has a large master bedroom and a 2 pce bath. Newer hot water tank and furnace. It has it own private fenced yard in the front. All the windows have been recently replaced and all the fences have just been repainted. This is a great bargain so don’t miss out. *For more information visit realtor’s website*.
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Edmonton is the second-best market in the country to invest in housing, says real estate analyst Don Campbell.
“Population growth is strong, job growth is strong and things are supporting this market quite nicely, said Campbell, founding partner of the Real Estate Investment Network, a business that provides resources and information on real estate to members.
“It doesn’t look like it’s going to be another ‘07 where it just got into pure frenzy, but I think you’ll see late this year and early 2014 — which is a year behind Calgary as always — that the market will really start to push up.”
Home-buying demand will start taking off late this year while prices will begin rising next spring, Campbell says.
He bases that prediction on a formula where demand and prices come about 18 months after increased rents, which in turn follow decreased vacancies, increased demand for rental housing and growing population. All of those are triggered by earlier economic and job growth.
“We’re going to see a lot of listings come on during this year as well,” Campbell said, noting a current undersupply of listings.
Investors who bought too many properties in 2007, 2008 and 2009 will see the increased buying demand as a chance to sell, he said.
“The market’s barely moved in Edmonton as far as value. It’s a good window of opportunity before it starts to heat up again to get into the market. From an investment point of view, your rents are going up.”
He said when suites go vacant, landlords will raise rents by $150 to $200 per month.
“That will make renters think twice about renting rather than buying and that will happen over the next 12 or 18 months.”
Edmonton is second only to Calgary as the best place to invest in Canada in residential real estate. Campbell rates Hamilton as third because of its diversifying economy and job growth. Campbell was in Edmonton to promote his latest book The Little Book of Real Estate Investing in Canada. Royalties from the book go to Habitat for Humanity.
Just listed a 2 unit home with a bedroom suite in the front, and a 2 bedroom suite in the back. Located in Allendale close to the University. Can rent for as much as $2,500/month. 4 level split home that could be converted back to a single home by putting back the doorway separating the front and back. Asking only $389,900 with a newer double garage.
The month of May is almost over and a review of the number of listings and sales of single family homes in Edmonton proper show a very robust market.
Currently there are 3,094 single family homes listed in Edmonton proper. That is a healthy level of inventory on the market giving buyers ample homes to choose from.
The number of sales has been on the rise. In the previous 30 days there have been 1,062 single family homes sold in Edmonton proper.
With this level of homes available for sale, and the number of sales that have taken place in the previous 30 days this would give us a listings to sales ratio of 2.91:1. This low of a level has not been seen for some time in Edmonton. Also with a ratio so much below the 4:1 that we need in Edmonton for a neutral or balanced market there is going to be substantial pressure for home valuations to rise.
Buyers should not put off buying a home before house prices go up any further.
* Information source: The Realtors Assc. Of Edmonton as of May 30, 2012.
Perfect starter home or fixer upper. 1249 sq.ft. 4 bedroom 2 storey home on a large pie shaped lot with apple trees. Situated in a cozy cul-de-sac. There is a roughed in fireplace in the living room. There is a huge master bedroom with wall to wall closet. The basement is partially finised and has a 4th bedroom and family room framed and drywalled. Seller is open to all offers.
With today’s interest rates being so low and the downward pressure on valuations right now I think this is an ideal time to buy before prices go back up as anticipated in the spring time.
To check out today’s mortgage interest rates or would like to get pre-approved for a mortgage check out www.edmontonmortgagesource.com
Welcome to your new home in the family-oriented community of Rock Glen. Watch your kids play with their friends on the playground located in the centre of the complex from your kitchen window. Plenty of room for family dinners in the formal dining area. The living room features large windows and a beautiful floor-to ceiling slate faced wood burning fireplace (non functioning). Sliding glass patio doors lead out to the fenced back yard with interlocking brick patio and small garden with shrubs. The second storey features a 4 piece bathroom and 3 bedrooms with large closets. The fully finished basement would be great as a media room. Upgrades include new paint and carpet. Two assigned parking stalls directly in front of unit. Steps away from public and Catholic schools, shopping, LRT, and the Harisien community hall is next door with an ice rink. Welcome home! Buyer to verify all information and measurements.
1061 SqFt Townhome
3 Bedrooms 1.5 Bathrooms
$209,900 MLS: E3219126
If you have any questions please call Team Leading Edge at (780) 634-8151
Welcome home! This beautiful brightly lit 4 level split has been nicely upgraded and is perfect for your family’s next home. This home features a NEW kitchen including new dishwasher, cabinets, countertops, fixtures, flooring, and breakfast nook. Lots of natural light from the large windows in the living room. The formal dining area is great for entertaining and has track lighting. Renovated upstairs bathroom. Fully finished basement with large family room and woodburning fireplace, full bathroom, and bedroom. Large landscaped fenced pie lot with deck. Located on a quiet cul-de-sac with other families. New shingles and hot water tank. Close to both public and Catholic schools, many parks, shopping, and more. What else can you ask for? Pack your bags and welcome home!
1047 SqFt 4 Level Split
4 Bedrooms 2 Bathrooms
$309,988 MLS: E3213579
If you have any questions please call Team Leading Edge at (780) 634-8151
Radon is a dangerous gas you can’t see, smell, or taste. According to the Environmental Protection Agency (EPA), about one in every 15 U.S. homes have high radon levels. Because most homes in the Edmonton area are built on a clay foundation won’t don’t find radon a typical issue. Many owners don’t realize there’s a […]
Exciting News for Homeowners: New Federal Program for Adding Rental Units The federal government has introduced a new mortgage refinancing program aimed at helping homeowners create additional living spaces, such as basement apartments or garage conversions. Starting in January 2025, this insured refinancing option will make it easier to build rental units, assisting homeowners in […]
When selling your home, finding the right price can be a delicate balance. Price it too high, and you risk losing potential buyers; price it too low, and you might not realize your home's full value. The key is to find that optimal price point where your listing attracts the right buyers. Here’s a guide […]
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