Investment Property in Edmonton

Investment Real Estate in Edmonton

Investment Property in Edmonton
Investment Property in Edmonton

Edmonton property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Edmonton .

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Search Map of Edmonton Investment Real Estate

Edmonton () is the capital city of the Canadian province of Alberta. Edmonton is on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Alberta’s central region. The city anchors the north end of what Statistics Canada defines as the “Calgary–Edmonton Corridor”.

The metro area of Edmonton had a population of 1,491,000 at the beginning of 2021, making it Alberta’s second-largest city (after Calgary) and Canada’s fifth-largest municipality. Edmonton’s 2019 municipal census subsequently recorded a population of 972,223. Also in 2016, Edmonton had a metropolitan population of 1,321,426, making it the sixth-largest census metropolitan area (CMA) in Canada. Edmonton is North America’s northernmost metropolitan area with a population over one million. A resident of Edmonton is known as an Edmontonian.

Edmonton’s historic growth has been facilitated through the absorption of five adjacent urban municipalities (Strathcona, North Edmonton, West Edmonton, Beverly and Jasper Place) in addition to a series of annexations through 1982, and the annexation of 8,260 ha (82.6 km2) of land from Leduc County and the City of Beaumont on January 1, 2019. Known as the “Gateway to the North”, the city is a staging point for large-scale oil sands projects occurring in northern Alberta and large-scale diamond mining operations in the Northwest Territories.

Edmonton is a cultural, governmental and educational centre. It hosts a year-round slate of festivals, reflected in the nickname “Canada’s Festival City”. It is home to North America’s largest mall, West Edmonton Mall (the world’s largest mall from 1981 until 2004), and Fort Edmonton Park, Canada’s largest living history museum.

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The financial stability of Edmonton has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Edmonton

Renting out your Edmonton buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Edmonton are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Edmonton and be prepared to change your initial outlook.
  • Thoroughly research the Edmonton location with a special emphasis on fringe areas outside the main Edmonton metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Edmonton.
  • Ensure that your target investment property in Edmonton appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Edmonton properties yourself is an easy option, but are these savings justifiable when you run into Edmonton red tape? Physis Realty Edmonton office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Edmonton buy-to-rent sector.

With our expert guidance, investing in Edmonton provides the secure knowledge that your money is working harder than it would in a local Edmonton bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Edmonton, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Edmonton property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Edmonton

Flipping property in Edmonton

Flipping property is when we advise clients to buy a Edmonton property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Edmonton market has a time to react to the renovation.

The Flipping Strategy in Edmonton

Investment property flipping in Edmonton is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Edmonton real estate investments are sometimes referred to by professionals as ‘distressed’ Edmonton real estate.

What is distressed Edmonton property:

  • Edmonton property in need of renovation
  • Edmonton real estate with a change of purpose and use
  • Oversold Edmonton property
  • Bank repossessions in Edmonton

Put simply, long term investors in Edmonton purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Edmonton investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Edmonton property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Edmonton use a minimum profit value of 22% when looking at potential Edmonton projects. The reason for this is because there are lots that can go wrong in Edmonton property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Edmonton

For luxury property investors hoping to add a superb property in Edmonton to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Edmonton, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Edmonton should be entrusted to only the highest-quality agency.

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