Thoughts on these two areas in Edmonton.

Simondial

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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

0
REIN Member
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.
 

Simondial

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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

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REIN Member
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.
 
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