Kildare neighbourhood in Edmonton

[Gemini]

How is the Kildare area in Edmonton for RE investment? I have a seller looking to sell townhome in that neighbourhood.

Let me know if anyone has any experience around that area in Edmonton.

 

[Thomas Beyer]

Subpar upside as no new transportation coming. Avg growth like Edmonton at best.

TH costs how much? Rent that can be realistically achieved is how much?

I used to own in Castledowns and it was subpar.

 

[Gemini]

TH asking for 115k for 2 Bedroom+Den, 1 bath, less than 1000 sq.ft.

 

[Thomas Beyer]

TH asking for 115k for 2 Bedroom+Den, 1 bath, less than 1000 sq.ft.

Rents for $900 plus utilities ?

Might be ok if you buy ten to get some economies of scale.

If you buy one with 20% to 25% down and zero cash flow it’s an ok investment and with 1% to 2% upside per year and $2000/yr mortgage paydown it’s an OK ROI but to make some significant money you have to buy multiple. Can you?

Major components status /age ie roof, windows, boiler or siding? Are there condo fees?


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com