Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
June 17, 2017
Volume 22, Issue 10
Dear Friends and Partners,
Happy Father's Day Weekend!
South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow
Turbo
charge your portfolio. Perfect smaller addition or first property. Low
risk investment in a great A+ area with 2 legal units under one roof.
This legal suited bungalow is across from park and near school. 7 minute
drive to downtown 8 minute to U.O.A. 9 minutes to Hospital. This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.
Terrific access to local amenities in sought after Ottewell. Purchase price to include renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Ottewell is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.
Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%
These 2 legal 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!
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Ontario vs. Alberta smackdown: Which will lead Canadian growth this year?
By Erica Alini May 17, 2017 Global News
"Canada’s economy is steaming ahead, but will Ontario or Alberta take the lead?
Economists disagree on which province will post the fastest growth this year. According to the Conference Board of Canada, which published its spring economic forecast today, the crown belongs to Alberta. That province is projected to post a 3.3 per cent increase in real GDP. " HERE
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Oil majors embracing push to green energy: Wood Mackenzie
By Geoffery Morgan June 12, 2017 Financial Post
"We are able to make investments in this business where the investment proposition is right in the middle of the fairway where the risks and rewards are very similar to our core pipeline and utility businesses,” Calgary-based Enbridge Inc. executive vice-president and chief development officer Vern Yu HERE
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After oilsands divestments, Shell Canada refocuses on gas, chemicals and renewables
By Geoffery Morgan June 6, 2017 Financial Post
"CALGARY – Shell Canada Ltd. will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company’s transition to produce less oil and more energy from natural gas, renewables and chemicals.
This follows Shell’s massive US$7.25-billion divestment of its oilsands assets, announced March 9. The company still plans to build an LNG terminal in British Colombia, but no timeline has been set."
HERE
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Natural gas production boom has pipeline demand exceeding supply
By Geoffery Morgan June 14, 2017 Financial Post
"TransCanada Corp. announced Wednesday that natural gas producers had bid for more space on a new $2-billion expansion of its Nova pipeline system than was available.
“We had more people in the queue than ultimately signed contracts,” TransCanada president, Canada and Mexico natural gas and energy Karl Johannson said.
Johannson said natural gas production from the prolific Montney, Duvernay and Deep Basin formations is surging and gas reserves in those formations has grown to the point that, “I think people have stopped counting.”
The expansion project will allow gas producers in northwestern Alberta and northeastern B.C. to move an additional 2.6 billion cubic feet of gas per day out of the field and into pricing hubs. It will also allow producers to send 400 million cf/d to markets in California, Nevada and the Pacific Northwest. gas production boom has pipeline demand exceeding supply" HERE
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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.
“Brevity and consciousness are parents of correction.” -Hosea Ballou
Warm Regards,
Todd and Danielle Millar
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