Thoughts on these two areas in Edmonton.

[Simondial]

I am considering buying live-in rental properties in Bonnie Doon and in Allendale.
I'm wondering which area would be preferable both in terms of a rental investment and as a place to live.
Any advice is welcome.
Thanks.

 

[Cory Sperle]

Both are excellent areas in terms of rentals and to live due in part to their close proximity to the U of A. Bonnie Doon is more central with close access to downtown via. Connors road, but it depends on where you wish to be.

 

[Thomas Beyer]

Good areas

High vacancies throughout Edmonton though

How close to Valley Line LRT ?

 

[Simondial]

Good areas

High vacancies throughout Edmonton though

How close to Valley Line LRT ?

The one in Bonnie Doon would be close but the Allendale would not. Yea the high vacancies is worrying I suppose it just means the rental units will have to be to a good standard.

 

[Cory Sperle]

Yes and factor 10% vacancy into your purchase and be very selective in this limited buying opportunity. Both locations you will do well long term.