Edmonton Green and Growing

Alberta Oil Sands Investment Real Estate News®
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


May 1st., 2016
Volume 20, Issue 8

Dear Friends and Partners,

Edmonton is green again. I don’t mean all the talk of diversifying into green energy, I mean spring!

 It has sprung around our city and we’re seeing lots of activity with construction. Several of our target mature neighbourhoods, are seeing prep-work for new sidewalks, roads repaved and even streetlights put in. There are lots of new builds up in Ritchie, Bonnie Doon and Westmount.

We’ve got roads being widened for LRT expansion and all to the backdrop of the arena and towers going up. Yes, there’s a fog of (legitimate) gloom that you have to peer through to see all that, but it’s happening. The grass still grows and the sun still shines. The strategy is to play a 'longterm game' at this point.


Forest Heights: Side by Side, 4-Unit. 2 Blocks from future LRT + Cashflow

Great area, non-conforming 4-plex (side by side duplex style) is 7 minutes to downtown; in the heart of Forest Heights.This property can apply for legal suite zoning and upgrades to make legal.

This is property is in good shape and can have upgrades done using a PPI strategy to add legal suites and upgrades. 1957 built, new roof, windows, kitchen and laundry.

Terrific access to local amenities in sought after Forest Heights. Includes a double garage, pad and large lot. Purchase price includes reserve fund and small renovations included into mortgage, to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Forest Heights.

Comes complete with great tenants making this a totally turn-key property for you.  Forest Heights is a mature neighbourhood that is convenient for tenants working downtown and 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 desirable growing core.

*Purchase price includes $10K in renovations.
Purchase price: $705,000
Total Investment: $156,930
Your Estimated 5 Year Profit $101,310
Your pre-tax Total ROI is 65% or 13% per year

These 4 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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Edmonton mayor seeks to make city a leader in health innovation

By Justin Giovannetti, Globe and Mail, April 25th., 2016

Mayor Don Iveson said Edmonton’s economy is due for a rebranding as he unveiled plans Monday to market the struggling city as Canada’s hub for health innovation.

With 250 health-science companies already based in Edmonton, many of them startups, the new marketing strategy doesn’t come with public investment attached. Instead, Mr. Iveson says all the pieces are already there, including a world-class university, a large provincial investment fund and a group of young entrepreneurs. READ MORE HERE 

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Why Trudeau must approve one of these pipelines

By Campbell Clark, The Globe and Mail, April 28th, 2016

This was supposed to be the political bargain: a pipeline to tidewater in exchange for a climate-change plan. Both Justin Trudeau and Rachel Notley sold that deal to voters.

There were always two problems with it. One was that not everyone who supported the politicians bought both sides of the bargain: Many environmentalists, for example, never accepted the pipeline. The other was that opposition to each pipeline is as much about local objections as greenhouse gas emissions, so Mr. Trudeau must spend political capital to deliver one. And the question is where it will cost the most – in B.C. or Quebec?  GRAB THIS ARTICLE


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Edmonton's Real Estate Market Will Love The Oilers’ Move To Roger’s Place

 By Wayne Karl, Huffington Post, April 7th, 2016

The NHL's Edmonton Oilers played their last game at Rexall Place on Wednesday night, and will head over to the $480-million Rogers Place in the fall. Real estate values -- as well as Oilers fans -- will love the move.

The common belief that new arenas and sports stadiums are slam-dunk wins for their billionaire owners and millionaire players, but big fat goose eggs for the local economy... Well, that could be dead wrong. A report not only suggests the opposite, but says such projects actually boost surrounding real estate values. FOLLOW THIS STORY

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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.

“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.”  -Bo Bennett

Warm Regards,

Todd and Danielle Millar

Invest in You

Alberta Oil Sands Investment Real Estate News®
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


April 1st., 2015
Volume 18, Issue 6

Dear Friends and Partners,

I always find spring inspirational. Yeah, sure, maybe it is the seeds sprouting, warmer weather or the determined bits of green fighting through the slush. Whatever it is, it prompts me to redefine, renew and improve. I like to go through my systems and protocols to see what is working, what’s not and what can be improved upon. Constant learning is essential as is setting ‘fresh eyes’ upon your daily actions.

Whether you like Louis C.K.’s brand of humour or not, you can hear is honesty and frustration coming through in the jokes. But, forget him as a comedian for a second and read this article about what he did and the uncomfortable choices he made without certainty - that got him where he is today; that is a great story. It’s a spring story too. 

"Louis CK turned down $500,000 a year from Conan in the early 90s so he could go broke instead. Conan wanted to hire him as head writer of his show.  Every step of the way in the 20 years since he put a challenge in  front of himself that seemed impossible and it was until he passed it.  Now he’s the best comedian ever. One can argue with that but one can argue about anything.  He was offered the job of head writer at one of the hottest comedy shows in the world. He would’ve grown from that and be set for life." Read more here

West Edmonton: Jasper Park Legal 4-Unit Cash-flow

Turbo charge your portfolio. This legal 4-unit, 1962 built, RA-7 zoned property is located directly across from school and park in Jasper Park. Near Telus World of Science, Edmonton Zoo, NAIT, Hospital and fast access to downtown and on either the Yellowhead or Whitemud. This property has front entrances to the 4 X1 BD and a parking pad for six cars.

This property was purpose built and is in good condition. It is rare to find a legal 4-pled for this price. Investment capital includes $15K budget slated for further renovations to modernize and improve value and rent-ability. All suites have own laundry. This is a turn-key deal. Excellent access to downtown, transit and parks.

This property comes complete with great tenants making this a totally turn-key property for you. Jasper Place is a mature area that is a desirable for tenants working in the city or attending NAITS west-side campus. HUGE upside potential due to the RA-7 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: $449K
Total Investment: $108,500K
Your Estimated 5 Year Profit $60,697K.
Your pre-tax Total ROI is 56% or 11% per year


These 4 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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What to do when Alberta’s housing boom turns to bust

By Gary Marr, Financial Post, March 23rd, 2015

The economic downturn in Alberta is nothing new to Ryan Griffiths. The technician who works for the Ford Motor Co. in Airdrie, just north of Calgary, gets paid piecemeal based on every job he does. When the economy started to slow in 2008, he had to figure out how to make ends meet.  “That’s the running joke around here: How did you get through it last time?” said Mr. Griffiths, 45.
The simple answer is: save enough money so you have a cushion when times are bad. Most planners suggest savings should cover  your living costs for three to six months. The worst answer is: to do what some people appear to be considering right now, panicking.  FOLLOW THIS ARTICLE

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Under clouds of economic gloom, Alberta entrepreneurs defend turf

By Anwar Ali, The Globe and Mail, March 19th, 2015

In the face of negativity swirling around the economy, Albertan entrepreneurs are steadfastly defending their turf, albeit with a little dose of reality.
Economic predictions are getting worse as GDP growth steadily declines. The provincial government’s current 2015 growth forecast, 0.6 per cent, is well below the previous estimate. The Conference Board of Canada has even warned that Alberta may stagger into a recession this year, its ability to recover contingent on the oil industry.   READ MORE HERE

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Nearly half of Alberta consumers say economy remains strong

By Mario Toneguzzi, Calgary Herald, March 6th, 2015

The latest ATB Consumer Economic Pulse survey found that 47 per cent of Albertans in late February saw the province’s economy as strong despite the uncertain climate with lower oil prices.
That’s up by two percentage points from the previous survey in early February.

But their thoughts about the future economic outlook are not as positive.  READ MORE 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.

“Positive thinking will let you use the ability which you have, and that is awesome."  - Zig Ziglar

Warm Regards,

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.