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TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 47.92% (SELF MANAGED) or 36.57% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly r
PRIME and RENOVATED! This 8-unit apartment complex is located in DOWNTOWN EDMONTON, right in the heart of the BOOMING CITY. This building is geographically located close to ALL AMENITIES, including GRANT MACEWAN UNIVERSI
An excellent opportunity for investors seeking a stable, low-maintenance multi-family asset in a central, in-demand location. This well-cared-for six-unit apartment building is situated in the established Edmonton commun
Well-maintained, professionally managed building. Main floor: 5,500 sq.ft.± occupied by a daycare tenant on a long-term lease. Second & third floors: 8 apartments each, consisting of 10 one-bedroom units, 2 two-bedroom
Investor Alert! This 19-unit property is a fantastic investment opportunity, featuring 12 units in the South Wood Frame Building and 7 legal units and 1 non-conforming unit in the North Concrete Block Building, with a 5-
ATTENTION INVESTORS!!! - Extremely Rare & an Exceptional Opportunity to purchase this 8 plex which consists of 2 separate buildings 4 in each building and located in the highly sought after community of Inglewood , rank
ATTENTION INVESTORS!!! - Extremely Rare & an Exceptional Opportunity to purchase this 19 Unit complex which consists of 2 separate buildings first building has 9 2 bedroom units with attached garages , second building ha
Updated side by side duplex with 5 LEGAL SUITES. Both main Floor units offer two bedrooms and one 4pc bath with vinyl plank flooring, renovated kitchen, newer windows and a large 10x15 deck off the master bedroom. The lo
INVESTOR ALERT! Excellent cash-flowing opportunity with this fully rented, low-maintenance TRIPLEX in the desirable community of Prince Charles. Generating positive monthly income with a potential market rent of $6,300/m
Welcome to an exceptional investment opportunity offering great returns! A solid revenue property with total 9 units located in McCauley, close to Downtown. This house has been converted into separate bachelor suites, fi
Fantastic investment opportunity in Strathcona - newly built 6 units multi-family building on a quiet street close to Mill Creek Ravine with quick commute to YEG Downtown! Each unit has own separate entrance from outside
Fantastic investment property - 5 units plus a studio apartment building located on prestigious University Avenue in Garneau! Superb location - 3 blocks from Whyte Ave and walking distance to U of A and university hospit
Corner Lot. Total 9 Units. 4 Plex & Garage suite. The Upper unit(4) 3 beds, 2.5 bath, single garage. The Basement unit(4) 2 beds, 1 bath. The garage unit 2 beds. Fully finished and equipped with all appliances and landsc
Looking for a unique turn-key investment opportunity? Welcome to Encore Lofts – 11 Boutique Fully-Furnished Residences on one title – located steps from ICE District. The modern lofts unit-mix mainly consists of open
AMAZING Multi-Family Location 1 block off Whyte! All 18 suites renovated 3+ years ago (as shown in pics). Exceptionally desirable rental area: walk to The Fringe, local events, summer festivals, year-round Nightlife, Res
This rare concrete-constructed building combines long-term durability with strong tenant appeal, making it an excellent addition to any investment portfolio. Featuring 6 suites (1 one-bedroom and 5 two-bedroom), the prop
Welcome to Delton Square. A very well maintained and managed building located in the Central neighborhood of Eastwood in Edmonton with proximity to all public transportation, retail stores, shops, and schools. Easy acces
Premium rental portfolio on a Corner Lot!! Own a 3plex total of 7 units in the high-end Parkview community. This brand new 3plex townhouse with legal suites makes a total of 3 up + 3 down units Plus 1 Garage suite. Main
Nestled in the heart of Alberta's rapidly growing Heartland, this 21-unit low-rise apartment building offers an exceptional investment opportunity. Located in Redwater, AB, this property is perfectly positioned to capita
MULTIFAMILY ALERT........ 2.91 Acre of Fully Serviced Land for 61 Townhomes. Medium Scale Residential Zone. Very well planed site with ample parking and small park located in middle. Open roadways between two Lanes of to
15 suite apartment in Central McDougall. Good condition with potential in rent increases. Good investment with CMHC program. (id:39198)
Buy & Build potential up to 4 Story apartment for a 29 units on a RM h16 zoning CORNER lot 49.9’ * 150’(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore
OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TA
Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building with a potential for over a 8 cap rate and could easily be bumped up to double di
Prime location close to all amenities; transportation routes and public transit. Nine (9) Units; all with vinyl plank flooring; newer countertops within the last 5 years. Kitchen cabinets could be updated for minimal cos
The Edmonton housing market has seen varying trends, with areas experiencing noticeable shifts in prices and sales volume. Whether you're a realtor or a prospective buyer, staying informed on market conditions and residential area preferences is crucial.
In Edmonton, the real estate landscape is currently characterized by a mix of rising average home prices and the balancing of supply and demand. According to recent market reports, the average price of a home in Edmonton reached significant heights in recent months. With the benchmark prices and the average cost of detached homes on the rise, buyers and realtors should pay close attention to the market's pulse by reviewing up-to-date listings and sales data.
MLS® systems reflect this growth, with the Realtors® Association of Edmonton posting encouraging figures, such as a substantial year-over-year increase in residential unit sales. This suggests a lively market, presenting opportunities for both selling and purchasing properties within Edmonton.
Edmonton boasts a variety of neighbourhoods that resonate with different lifestyles and budgets. Prospective buyers exploring apartments for sale would find value in areas that have historically been sought after or are currently experiencing an upswing in popularity. The central and southwest regions of the city have traditionally been favourites, due to their accessibility and comprehensive amenities.
For detailed and tailored data relevant to specific types of properties or neighbourhoods in Alberta, realtors and buyers should consult the Housing Market Information Portal. This resource can aid in making well-informed decisions based on the latest market trends and figures.
Understanding the dynamics of the Edmonton real estate market is vital for making strategic decisions in this landscape. Whether you are looking to buy or sell, the available listings and sales data provide valuable insights into the current market scenario.
Investing in apartment buildings in Edmonton, Alberta, can offer you substantial financial benefits. From the reliable rental income to the growth in property value and tax advantages, there's a lot to gain.
Rental income is a key attraction when you're looking at apartment buildings as an option. By purchasing one of these properties, you can generate consistent monthly income from your tenants. This cash flow can help cover your mortgage and operating expenses, with the potential to create an income surplus. It's important to consider the location and the condition of the property, as these factors can influence the amount of rent you can charge.
Monthly rent collected from tenants
Covering mortgage and operational costs
Generating surplus income
Over time, the value of real estate typically increases. This appreciation boosts your investment properties' value, potentially offering you a significant return when you decide to sell. The increase in value can be influenced by factors such as market demand, property enhancements, and economic growth in Edmonton. Remember, investing in well-located apartment buildings can lead to more pronounced appreciation.
Market demand
Property enhancements
Economic growth
As an owner of apartment buildings, you may be eligible for various tax advantages. These can lower the amount of tax you owe each year. Common deductions include mortgage interest, property taxes, operating expenses, and depreciation. Strategic tax planning can enhance your investment's profitability by minimizing your tax burden and improving your operating income.
Deductions on mortgage interest, property taxes, operating expenses
Depreciation to offset income
Strategic tax planning to lower tax burden
When searching for apartment buildings for sale in Edmonton, Alberta, it's vital to understand the process from finding properties to securing the needed funds. This guide covers the key points in a clear, step-by-step fashion.
Begin by exploring a variety of apartments for sale through current listings. Online platforms can give you a broad view of the properties available, ensuring you encounter real estate matching your criteria.
After you've located a potential property, evaluate its income-generating potential. Consider factors such as location, current market conditions in Edmonton, and future development plans in the area. Consult with a realtor to analyze property values and rent trends to make an informed decision.
Obtaining the right financing is crucial. It's suggested to review your options early on to find competitive mortgage rates and terms that align with your financial capabilities. Start by contacting banks and lenders, or consider alternative financing options, to ensure you have a solid plan for your real estate acquisition.
When pursuing the acquisition of an apartment building in Edmonton, Alberta, it's crucial to understand the local regulations, the value added by real estate agents and the importance of thorough property inspections.
Zoning: Navigating the maze of zoning laws is essential. Edmonton's zoning regulations will affect what you can do with your property, including the types of renovations or developments you're allowed to undertake. Make sure you understand the zoning classification for the area, such as RA7 for low-rise apartments, before making a purchase.
Effect of Zoning on Value: A good grasp of these laws can help you assess how a building's value could change with future city development plans.
Real Estate Agents: Leverage the know-how of seasoned real estate agents who specialize in Edmonton's multi-family properties. They offer indispensable advice and access to the best apartment buildings for sale in the market.
Selection: They'll steer your search towards properties that align with your investment strategy and help you navigate the buying process.
Property Inspection: Carry out comprehensive property inspections to uncover any potential issues that could incur extra costs down the line.
Inspection Checklist: Ensure the following are examined:
Structural integrity
Mechanical systems
Safety features
Esthetic conditions
Keep in Mind: Establishing a clear understanding of the property's condition can influence your purchase offer and budget planning for future maintenance.
Edmonton's apartment market is in a unique position, presenting intriguing opportunities for investment and growth. Understanding where the market is heading can be highly beneficial for your investment strategy. Beyond apartment buildings, explore Edmonton's vibrant commercial real estate market. Discover opportunities in office buildings for sale Edmonton, retail properties for sale Edmonton, gyms for sale Edmonton, and bars for sale Edmonton.
Resilient real estate trends in Edmonton hint at increasing demand for multifamily dwellings. The data indicates a potential uptick in investment opportunities for apartment buildings. For instance, a modest rise in the price of condos suggests that now may be an opportune time to invest. In particular, the 2024 Edmonton Housing Market report highlights an anticipated increase to an average of $192,000 for condos, aligning with broader market predictions of gradual growth.
When considering the city's economic landscape and the reports on the rental market, predictions lean towards a seller's market in the near future. Savvy investors are eyeing Edmonton for its balanced market conditions, with a particular focus on locations that offer convenience and amenities, thereby attracting a steady tenant base.
Tracking Edmonton's market predictions through reputable sources continues to be pivotal. Watching for signs of transition from a balanced market to a seller's market could position you advantageously as a future-oriented investor. Keeping an eye on evolving real estate trends will enable you to adapt to the dynamic nature of Edmonton's real estate landscape and harness the city's full potential for your investment portfolio.
To evaluate potential return before purchasing an Edmonton apartment, assess location, rental income, operating costs, and appreciation potential. Consulting real estate experts or using investment analysis tools aids detailed ROI projection.
When looking to buy an apartment building in Edmonton, Alberta, rules exist you must follow. These involve doing checks, getting value estimates, inspections, and paying for it. You must also know zoning laws and tenant guidelines. Always talk to property lawyers so you're legally covered.
Areas near city center like Downtown Edmonton, Oliver and Garneau make good options. They provide easy access to amenities, schools, jobs. High rental demands in these areas could mean better profits.
Buying an apartment building takes much more money. You'll need detailed inspections, analysis of rental market. Financing, legal steps get more complex with multi-unit properties versus single homes.
Owning an apartment building in Edmonton subjects you to property taxes based on the property’s assessed value and income taxes on rental earnings. Additionally, selling the property may incur capital gains tax. It's advisable to consult with a tax advisor to navigate these obligations effectively and explore potential deductions, such as those for depreciation and maintenance.
https://www.topedmontonrealestate.ca/the-2024-edmonton-housing-market
https://wowa.ca/edmonton-housing-market
Discovering the best deals on Commercial Properties in Edmonton, Alberta requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Apartment Building at 101 , Apartment Building at 108 and Apartment Building at 118 .
The average price of Commercial Properties in Edmonton, Alberta is influenced by various factors. On average, prices range from $2,356,279. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Commercial Properties in Edmonton, Alberta on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Apartment Building at 101 , Apartment Building at 108 and Apartment Building at 118 . .
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