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Welcome to an exceptional investment opportunity offering impressive returns! This meticulously maintained multifamily property features five bachelor suites with a den and boasts a stellar 10.3% capitalization rate (Cap
Welcome to the Patch House. A solid revenue property located in McCauley. This property is well maintained by the current owner and is currently 100% occupied. The rooming house has an onsite manager who runs the day to
Great investment opportunity. Rare concrete block building. Close to schools and all other amenities. This building consists of 5X two bedroom units and 1X one bedroom unit. Lots of upgrades made by the current owner. Up
Recently Renovated 8-Unit Apartment Building Available Now! This is your chance to own a piece of prime real estate with a stunning, income generating 100% OCCUPIED apartment building. Recently updated, this property b
Welcome to Sunrise Apts. A very well maintained and managed building located in the NW neighborhood of Woodcroft with proximity to all public transportation, retail stores, shops, and schools. Two 4PLEXES in one Lot! Eas
Savaryn Business Centre - 3 units combined with high end build out, located at 9040 22 Ave in the Ellerslie Industrial Business Zone, located near the Henday south district, minutes to the airport, and west of Summerside
Clean Building w/ Character! This 6-Plex is situated on a Corner Lot with availability for future development in The Quarters''. Updates to the Building include new Roof w/ Insulation & Capping, HWT (2019) and some un
Fantastic Revenue Property! Prime location in South Edmonton! This five-unit complex boasts a mix of accommodation including one three-bedroom, three one-bedroom, and one bachelor/studio suites. With six parking spaces a
Discover the epitome of multi-family residential excellence in Allendale's sought-after southside locale all standing near the University of Alberta, Ravine trails, Whyte Ave amenities & close to Southgate Mall. Crafted
INVESTMENT OPPORTUNITY nestled in the heart of downtown, steps away from the bustling Ice District! With a little investment, you could turn this place into a fantastic Airbnb hotspot! PRIME location just a short walk to
AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATE
This 3-story building has 20 residential apartments and 5 commercial spaces. The building is currently 100% occupied.The residential suites comprise of 12 one-BDRMS suites and 8 two-BDRM. There are 10 suites on each floo
In the Quarters, gorgeous building and iconic location off Jasper Ave, on 4 lots. Commercial mix use building with loading, attached garage, parking lot of 25 parking stalls. Main floor grocery retail, basement for distr
18 unit Rooming House that has been very well maintained and run! 17 units consisting of a combination of bachelor, double or triple rooms. Top Penthouse unit is self contained with its own kitchen, bathroom, living room
Welcome to Cumberland Apartments a charming community-oriented complex with a beautiful central courtyard and outdoor space complete with garden boxes and BBQ space. This 20 unit building is actually two separate buildi
10 Rooms rented at $600/month/room. This property has been operating as a Men's residence for 25+ years. No major repairs to do. Approved by The City of Edmonton Safe Housing. 5 minute walk to the LRT and centrally locat
Shelby Arms is a boutique Multi-Family Walk-up Apartment with 12 total units, 11 x one-bedroom units & 1 x Studio suite. On a quiet street just north of the 'WOW' amenities of 104th Street with close proximity to Downtow
NAI Commercial Real Estate, have been retained by the Court of Kings Bench of Alberta on an exclusive basis to arrange for the Judicial sale of Former Rutherford Place Apartments, located at 12035 - 82 Street in Edmonton
Welcome to Bev Manor. Great multi-family building located in the neighbourhood of Beacon Heights between Yellowhead Trail and North Saskatchewan River and is neighboured by Homesteader, Abbottsfield, Beverley and Newton.
Welcome to Royal Apartments located in the Beacon Heights neighbourhood. Most of the homes in Beacon Heights are single- and semi- detached homes built in the decade leading up to amalgamation. Higher density housing is
Welcome to River Quarters, a very well managed and maintained 2.5 Storey 11 unit building located in the community of Boyle Street bordering the eastern edge of Edmontons central business district. 1960 solid wood frame
Welcome to Newton Place. A very well maintained and managed building located in the NE neighborhood of Newton with proximity to all public transportation, retail stores, shops, and schools. Easy access to Yellowhead Tra
Ideal investment opportunity at 7.25% Cap. This commercial mixed use rooming house provides steady income stream with long term tenants in place. The building was completely renovated in 2001 right down to the studs with
6-PLEX in Edmonton's ALBERTA AVENUE. This character home was converted into 6 independent apartments. Each suite has its own kitchen and bathroom. There are 5 separate one bedroom suites and one bachelor suite. The home
Welcome to this immaculate triplex townhouse on a quite street in the King Edwards park Communities. This brand new triplex house with legal suite make total of 6 units. It considers 4BRS/2.5Bath/garage/loft with large r
Excellent investment - two storey mixed commercial building located on high traffic road of 107 Avenue. Approximate 15,600 sqft on 2 levels - consisting of 5 retail spaces on main floor with own utility meters. 9 units
Newer Building in central McDougal. Two commercial units on the main floor . 8 one bedroom plus den on second and third floors. The building is fully rented. Total 10 units with separate titles. (id:39198)
REDWATER * Rosaterra Villa * 3 Storey * 12 Units * all 2 Bedrm * Units have 6 appliances (Stove, Refrigerator, Built In Dishwasher, Microwave Hood Fan) includes In Suite Stacking Washer /Dryer * Fully Rented Building as
Own Pine Manor with 7.93% Stabilized Cap Rate. Exist CMHC Mortgage MUST BE ASSUMED. It's a 15 suite 2.5 storey walk-up building at 11826 - 83 Street in NE Edmonton, in the Eastwood neighbourhood. It has an excellent mix
What a price for 21 UNITS!!! This building has 19 two bedroom units and 2 three bedroom units which is great for long term tenants. Roof & boiler replaced in the early 2000s. Mortgage of 1.5M until June 2028 must be assu
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 9263 110A AV NW , Apartment Building at 9631 106A AV NW and Apartment Building at 10125 154 ST NW .
The average price of Commercial Properties in Edmonton, Alberta is influenced by various factors. On average, prices range from $1,808,631. 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 9263 110A AV NW , Apartment Building at 9631 106A AV NW and Apartment Building at 10125 154 ST NW . .
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