About This Property
Blatchford is a new 536-acre community located in the heart of Edmonton — with residents living, working, and learning in a sustainable community that uses 100% renewable energy, is carbon neutral, significantly reduces its ecological footprint, and empowers residents to pursue a range of sustainable lifestyle choices.
Blatchford will feature a Civic Town Centre packed full of life: an 80-acre central park, plenty of additional green space, and a civic plaza. All your daily needs within easy reach.
This unit is a townhouse with 2 bedroom basement suite + a 2 bedroom garden suite.
- Secondary Rental Suites
- Separate Entrances for Rental Units
- 9-foot Ceilings
- Rooftop Patios
- Granite Counter-tops
- Private Balconies
- Geo-thermal heating
- Rear detached garages
- The Brooklyn is a corner unit, and yes it is not strata. So no condo fees
- It can be built with 3 liveable suites, which in my opinion is of the most value to an investor
- The interior units are only 2 rentable suites
- This neighbourhood if you don’t know is all the rage for millennials and pretty much anyone that wants to live fairly central and have amazing access to first class amenities and educational institutions, close proximity to downtown and great access routes.
- Completion dates: Expect early fall of 2020
- $1,000 to hold for 7 days
- During 7 days the builder will prepare the paperwork to be sent off to clients financial institution.
- Then there is another 14 days for client’s bank to approve financing and then client must remove conditions.
- Then client needs to have 5% down payment.
- Additional 5% down payment needed when they dig the hole, so expect January - February, 2020
- Balance due on completion in fall of 2020.
Assumptions on the cash flow pro forma:
- $2200 rent for main suite
- $1300 for basement suite
- $1500 for garage suite
- 2% appreciation only (I kept this conservative)
- 8% property management - should be very easy to get this for a 3-suite set up
Asking Price $730,000