Updated January 29th: Since the initial publiciation of this post, all but two of my picks have SOLD. Apparently there were several other people who felt my picks were investment worthy!
In the course of my business, I come across many properties that make me think, "Should I add that one to my real estate portfolio?" Here are a few of my favorite investment picks for this week:
1. MLS#20084970 - Flowers On 9th: This thriving flower shop has been in the same location for 50 years, has an established clientelle, a solid income stream, staff willing to stay and an owner willing to train. In a great location near the Lethbridge Regional Hospital, this is one to put on your list.
2. MLS#20085100 - 308 - 4 Ave. Warner (SOLD)- This solid bungalow is located 45 minutes south of Lethbridge in Warner, AB... home of the Warner Hockey School. Freshly painted with refinished hardwood, new roof, siding and H20 tank in 2008, updated electrical, and an undeveloped basement with separate entrance... this is a "suite" deal for under $100K.
3. MLS#20084975 - 330 - 12 St. N. (SOLD) - This 2 bedroom bungalow had a complete makeover in 2005 and has been well cared for since. With 25% down, at 6 % over 25 years, payments work out to $815.27 / month. Property taxes were $1022 in 2008. Vacancy rates in Lethbridge are at all time lows (visit CHMC for rates and average rents) Do the math and call your mortgage specialist.
4. MLS#20085101 - 2027 - 1 Ave N. - Suited for under $200K... need I say more?
5. MLS#20085895 - 151 Blackfoot Blvd. W.(SOLD) - Four bedrooms, parking for 4 vehicles, close proximity to the University of Lethbridge and the possibility of renting for $400 a room. Or a great place for your future graduate to call home through the University years. Only 5 years old.
6. MLS#20085858 - 1509 - 8 Ave. S. (SOLD) Lethbridge Fix and Flip. Priced under $170,000 with a full undeveloped basement and a single detached garage. If you've got the sweat, I think you can dig up some equity here!
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