Alberta Oil Sands Investment Real Estate News®
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June 15th., 2015
Volume 18, Issue 10
Dear Friends and Partners,
Today the legislature sits for the first time with new government. We’ll have the throne speech later today that will set the tone for the coming year and hopefully shed light on which points of the NDP’s pre-election speech they will move forward with. There is a heady array of topics in the air amidst a teetering oil price of nearly $60bbl. Talks, thought to be long dead, of a refinery, new minimum wage and royalties all make the backdrop.
Calgary RE market is definitely in the slow-down cycle, Edmonton tends to be 12-18 months behind so a fall slowdown looks likely. For long-term investors there will be buying opportunities.
Uncertainty in the market turns would-be-buyers back into renters, so if you can play the long game there is success in turmoil.
Turbo charge your portfolio. This Capital Housing approved 3-unit, 1950 built, RA-4 zoned property is located half block from park in Old Strathcona.
Walking distance to U.O.A, Mill Creek Ravine, shopping, clinics school, 5 minutes from downtown and Whyte ave.
This property has separate entrances to each suite; 2 X 2 bd and 1X 1bd plus parking for six cars. It was purpose built and is in fair condition. It is rare to find a triplex in this area at this price point.
Has some upgrades; windows, HWT, electrical and main sewer. Investment capital includes $25K budget slated for further renovations to modernize, improve value, aesthetics and rent-ability.
This is a turn-key deal with excellent access to downtown, transit and parks.
Comes complete with great tenants making this a totally turn-key property for you. Strathcona is a trendy, sought after neighbourhood that is a desirable for tenants working in the city or attending UOA. HUGE upside potential due to the RA-4 zoning of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
Purchase price: $485,000
Total Investment: $111,755
Your Estimated 5 Year Profit $60,849
Your pre-tax Total ROI is 55% or 11% per year
These 3 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!
Why Rachel Notely’s Alberta NDP is still considering building an oil refinery
Under Alberta’s new government, the argument against a new oil refinery may have sprung a leak
By Paul Haavardsrud, CBC News, June 3rd, 2015
Rachel Notley's new Alberta NDP government is kicking a dead horse by even considering a new oil refinery, at least according to downtown Calgary.
Accepted oilpatch wisdom suggests the market, which hasn't put up the cash for a major new gasoline-producing refinery in North America since 1984, has already made the decision for her.
Why, then, is Notley's government still pledging to crack open the file and take another look?
"I believe there is a better way to build Alberta's economy, to put refineries like these at the heart of our future growth and prosperity," Notley told supporters at a campaign event in April held in front of a row of upgraders near Edmonton.
For oil types, such talk is like seeing the smoking gun that proves an NDP government simply doesn't understand how the industry works. READ MORE HERE
Free pizza for life helps close real estate deal in Portland
By Shelby Sebens, Reuters, June 4th, 2015
PORTLAND, Ore. - In Portland's hot real estate market where some homes are getting dozens of offers and bidding wars have sent prices skyrocketing, one buyer found a way to stand out among the rest: Offer free pizza every month for life.
Donna DiNicola, owner of DiNicola's Italian Restaurant in southeast Portland, might have been joking when she offered the pizza, but it worked. Her offer for a 900 square foot (83.6 sq metre) house in southeast Portland for her 23-year-old son was accepted.
"It was really a joke," she said. "I swear to you I did not know that made it into the paperwork."
DiNicola, who has been in business for 38 years, saw the Portland market heating up and encouraged her two sons to start looking. GRAB THIS STORY
Saskatchewan goes to Alberta to steal some oil business
Sask economy minister trying to lure oil patch to move investment
By Kyle Bakx, CBC News, June 10th, 2015
In front of several hundred people from all facets of the oil and gas industry, Saskatchewan's economy minister pitched his province as the land of stability.
Bill Boyd began and concluded his speech boasting about the province's safe and secure resource royalties, a contrast to Alberta where the NDP government is pledging to review its royalties.
Boyd sees an opportunity to capitalize on the uncertainty in neighbouring Alberta and steal away some business. FOLLOW THIS ARTICLE
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.
“Persevere and get it done." - George Allen, Sr.
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.
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