Have any questions about this home, or want to see it in person? If you’re planning on selling your home and want to see it featured on this channel, reach out! 👇 Or if you have any questions about moving to Edmonton, I’m happy to help! ☎: 587.855.1212 📧: allthingsrealestateofficial@gmail.com
I almost bought one of the units in that building but I got turned off bcz of the strata fees 😅😂 but I did ended up buying one in Laskin court, Balwin.
@@Mario-RUclipsOnly 100%, the purchase price is totally a reflection of that condo fee. The buyer of this home is someone who wants to basically pay the same monthly expense as rent, but own instead. A lot of investors think properties like this are a hot deal because of the price, but the cash flow margins are just too tight in my opinion.
@@egeb You’re right, there is zero point to owning something like that. Expecting or relying on appreciation is purely speculation. Cash flow is speculation to a small degree because you are relying on assumptions to come true before you purchase, but it’s very calculated assumptions that are very likely to be accurate unless some kind of unforeseen black swan event happens. This unit does cash flow. 🙂
The ban on foreign buying has changed things. CMHC has a great resource on what is allowed, and what is not under the ban: www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/consultations/prohibition-purchase-residential-property-non-canadians-act
Hello from Alberta! 🇨🇦 The Canadian government placed a ban at the beginning of 2023 on foreign buying, there are some exemptions though. Shoot me an email!
@@Amateurguru-mg1nl seems like the average is about 500$/month. You could maintain your own single detached home much cheaper than that after your initial Cost for repairs after you but it. You are absolutely correct.
@@kraken21990 Not really. Condo fees in Edmonton typically cover everything except hydro. And taxes are cheaper than a house. With a house you have to factor in water, heat, hydro, home insurance, and garbage disposal expenses. And higher taxes. Still think it will be much cheaper? I'm currently looking into one of these cheap condos that have a lower condo fee.
Love your vids. I moved from Newfoundland to Ontario in 1996. Never been so stuck in my life from the cost of everything. I'm trying to move by the spring. I'm going to call you up and buy ya a beer der B'y. lol
I see a lot of units like this not only in the downtown areas but also some near whyte avenue. I still don't know what the catch or the potential drawbacks in the future are because this seems too good to be true.
Here’s my take and opinion on the matter. You’re right, filter Edmonton condos for under $100,000 and you have an enormous selection to chose from. And that’s entirely one of the big reasons the Edmonton condo market is so soft, there is a glut of inventory. Purchasing in this price range is typically older buildings, so condos fees have risen a lot over the years in order to cover all of the repairs and maintenance to the aging buildings. My advice is to choose carefully, select a great area (which is always a good idea) but really do your due diligence on the building, the management and the condo corp/condo docs. Try to find something with a relatively “low” condo fee but don’t let that be a trap, it could be low because there is deferred maintenance (bad management) and a special assessment/major condo rate hike lurking in the shadows. Hope that helps!
I can't believe how cheap condos are in Edmonton! I live in Victoria, BC, and prices are absolutely nutty. I was looking on one site and the second cheapest place was $315k and it was 238 sq ft. I previously lived in Edmonton yrs ago and am now seriously considering a move back so I can actually buy a place because I know that will never happen out here.
We’d love to have you back. 🙂 Edmonton has 134 listings under $100,000 right now. The largest is a 1,743 square foot 3 bed/2.5 bath. Not a great area, but it’s listed at $63,500. 🤯
What about a family living in Calgary and wanting out of the city? Are there ever any acreages outside the city for rent or are they only for sale? Would love to have your take on this, perhaps in a video sometime because we are considering either renting an acreage (if we can find one affordable) or maybe it's better to buy land and build? I notice you can buy some land for cheaper than a house.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Have any questions about this home, or want to see it in person? If you’re planning on selling your home and want to see it featured on this channel, reach out! 👇 Or if you have any questions about moving to Edmonton, I’m happy to help! ☎: 587.855.1212 📧: allthingsrealestateofficial@gmail.com
Hi
Hi
I want apartment...in this budget
Where is it
The catch is the condo fees are ASTRONOMICAL.
What are the condo fees?
They’re higher but it’s because they include everything, even utilities. They are $785.88/month.
800
Yikes, any condo fees between 350 and 500? That over $700 outrageous. You might as well rent at that price.
Even with utilities that is still quite high.
I almost bought one of the units in that building but I got turned off bcz of the strata fees 😅😂 but I did ended up buying one in Laskin court, Balwin.
They are pretty high, especially in the South tower. Congrats on your purchase!
it is available ? Total Cost of $66,000 or other charges & Maintenance charges of the property
pretty much all the cheap apartments will have around 700-1000 in monthly condo fees
Hey , what exactly are you choices available for international students.
There’s a lot for both owning and renting. Although, owning is more difficult now for non-residents because of Canada’s 2 year ban on foreign buyers.
Condo fees?
They’re higher but it’s because they include everything, even utilities. They are $785.88/month.
@@AllThingsRealEstate, thats close to 130k buying power worth, thats why is adjusted down on price
@@Mario-RUclipsOnly 100%, the purchase price is totally a reflection of that condo fee. The buyer of this home is someone who wants to basically pay the same monthly expense as rent, but own instead. A lot of investors think properties like this are a hot deal because of the price, but the cash flow margins are just too tight in my opinion.
@@egeb You’re right, there is zero point to owning something like that. Expecting or relying on appreciation is purely speculation. Cash flow is speculation to a small degree because you are relying on assumptions to come true before you purchase, but it’s very calculated assumptions that are very likely to be accurate unless some kind of unforeseen black swan event happens. This unit does cash flow. 🙂
Hi I wanna ask ..... Which town it is?
This is downtown Edmonton.
How much for Condo and Condo fees? How many bedrooms? Thank you
It’s a 1 bedroom, condo fees include all utilities too. $785.88/month.
800
Is it possible to buy property from India , a non Canadian ?
The ban on foreign buying has changed things. CMHC has a great resource on what is allowed, and what is not under the ban:
www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/consultations/prohibition-purchase-residential-property-non-canadians-act
Hi, do you have some options for renting? I might be moving to Canada soon and I do like Alberta.
Maintainence charges of the property let me knw pls
Is it still available or sold?
Still available
This unit is sold unfortunately, there are other options though. Feel free to call/text me at 587-855-1212.
What will be the rent of such apartment can foreign person buy in Canadian market
Is this for sale ? Or for leasehold ?
For sale, we’re only asking $65,500. 🙂
Can you help in commercial real estate?
I am commercially licensed and can. 🙂 Feel free to call/text me at 587-855-1212 if you’d like to chat. Email works too.
@@AllThingsRealEstate your email pls
@@parasid108 allthingsrealestateofficial@gmail.com
Are these condos smoke free
Condo fee amount?
They are $785/month but include all utilities so really it’s no different than the $400-$500 units that don’t include utilities in their condo fee.
800
@@AllThingsRealEstate But most include everything except hydro for like $400/month. Nearly $800/month is pretty steep.
Hello do u deal in rental appartment?
How much downpayment Mike
The minimum is 5% for an owner occupied purchase.
Can we acquire a property in Alberta even though we are Filipinos and living in the Philippines?
Hello from Alberta! 🇨🇦 The Canadian government placed a ban at the beginning of 2023 on foreign buying, there are some exemptions though. Shoot me an email!
Hello. I'm interested, whether a person with permanent residence can buy a condo or house in Canada?
It is still available? We are looking for 2 bedroom. Is the property tax included in the maintenance?
This one is still available. It’s a 1 bedroom though. Call or text me at 587-855-1212 and we’ll find you a good 2 bedroom. 🙂
Nice video
Thank you.
Damn that’s a steal!
Pretty crazy to think what this would cost in Toronto/Vancouver.
@@egeb Big picture, a chunk of the fees do actually pay for something, like utilities, which is an expense you pay regardless of owning or renting.
Hi m n Indian can i buy this on tourist visa??
Can I get 3+1 apartment and how much
You can but not at this price point unfortunately.
I want an apartment in this budget in south Edmonton
I didn't realize there were such affordable condos available.
It’s crazy right?!
ask how much the condo fees are. then you would know why.
@@Amateurguru-mg1nl seems like the average is about 500$/month. You could maintain your own single detached home much cheaper than that after your initial Cost for repairs after you but it. You are absolutely correct.
@@kraken21990 Not really. Condo fees in Edmonton typically cover everything except hydro. And taxes are cheaper than a house. With a house you have to factor in water, heat, hydro, home insurance, and garbage disposal expenses. And higher taxes. Still think it will be much cheaper? I'm currently looking into one of these cheap condos that have a lower condo fee.
@@mckricks1 NG is pretty cheap and so is water. Unless you use electricity to heat your single detache the condo fees will be significantly more
Love your vids. I moved from Newfoundland to Ontario in 1996. Never been so stuck in my life from the cost of everything. I'm trying to move by the spring. I'm going to call you up and buy ya a beer der B'y. lol
Appreciate that! Hit me up, would be happy to chat! Feel free to call, or text me anytime at 587-855-1212.
I work in costco I m looking rental appartment near Costco
If you can find me sell financed multi family units, let me know. I am all ears
I know of 2 units, call me at 587-855-1212.
You did a great job of selling the area and the lifestyle.
Appreciate that Nolan, I enjoy your channel! 👊
I want to buy .now this property is avail then contect me.
It is available! Call me at 587-855-1212.
Gullible there is one born every min
I see a lot of units like this not only in the downtown areas but also some near whyte avenue. I still don't know what the catch or the potential drawbacks in the future are because this seems too good to be true.
Here’s my take and opinion on the matter. You’re right, filter Edmonton condos for under $100,000 and you have an enormous selection to chose from. And that’s entirely one of the big reasons the Edmonton condo market is so soft, there is a glut of inventory.
Purchasing in this price range is typically older buildings, so condos fees have risen a lot over the years in order to cover all of the repairs and maintenance to the aging buildings. My advice is to choose carefully, select a great area (which is always a good idea) but really do your due diligence on the building, the management and the condo corp/condo docs. Try to find something with a relatively “low” condo fee but don’t let that be a trap, it could be low because there is deferred maintenance (bad management) and a special assessment/major condo rate hike lurking in the shadows.
Hope that helps!
High maintenance fee and all these people will be homeless soon as the fees will rise so much u will have to walk away
might be the strata fee in the thousand????
Hallo Mike good video I want looking condo you show in the video can you sent me some more please and want to contact with you Thank you
I can't believe how cheap condos are in Edmonton! I live in Victoria, BC, and prices are absolutely nutty. I was looking on one site and the second cheapest place was $315k and it was 238 sq ft. I previously lived in Edmonton yrs ago and am now seriously considering a move back so I can actually buy a place because I know that will never happen out here.
We’d love to have you back. 🙂 Edmonton has 134 listings under $100,000 right now. The largest is a 1,743 square foot 3 bed/2.5 bath. Not a great area, but it’s listed at $63,500. 🤯
I want to buy iy
Super
What about a family living in Calgary and wanting out of the city? Are there ever any acreages outside the city for rent or are they only for sale?
Would love to have your take on this, perhaps in a video sometime because we are considering either renting an acreage (if we can find one affordable) or maybe it's better to buy land and build? I notice you can buy some land for cheaper than a house.
It seems like a good deal.
It will make a great home for its new owner. 🙂
А баджет то где брать в том Эдмонтоне? 😂
This is exactly how I imagined hell ! !
Not bad for hell. 😂🤪
@AllThingsRealEstate I'm looking similar property, if you come across please let me know.. under$66,000 but less condo fees
Hey! Shoot me a text at 587-855-1212, I’ll get you set up for properties like this as soon as they come on the market/what’s already available.
Edmonton has to build more cheaper two three bedroom highrise apartments instead of houses.
I like to call that the gift and curse of having so much space. We keep building out, instead of up.
what a dumb comment
@@divinee.155 how's it dumb Canada has a low population it needs housing.
Are you going to show all the ghetto places😂
Condo fees?
Super