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6607 Silver Springs CR, NW. Beautiful views of both the city and mountains, short walking distance to the Bow River, wonderful parks and public transportation, the new buyers are thrilled to soon be living in this fantastic home, they could not ask for anything more. They will be enjoying their bright new kitchen, huge rec room, and $80,000 in recent renovations including: New windows, doors, furnace, driveway, deck, fence, landscaping and flooring. At the end of a long day the new buyers of this lovely home will be able to relax and enjoy the sun set on their huge deck or enjoy their park like west back yard before heading to bed in this stunning 4 bedroom house.  My Sellers are thrilled to be moving into a bigger 3 bedroom home with another walk out … even CLOSER to the LRT!

I did it again! Successfully represented senior buyers in the purchase of a ridge lot Bunglow in Tuscany at 94% of the listing price.  Wow! They are excited about the magnificent location on the Ridge in  with PANORAMIC VIEWS OF THE MOUNTAINS, C.O.P & DOWNTOWN CALGARY! This custom built fully finished executive bungalow is the perfect combination of luxury & location. Floor to ceiling windows on the main floor allow for tons of natural light & offer great views from your living room, kitchen, eating area & master bedroom.

ReMax Realtor Bryon Howard has execited buyers over this perfect home.

Custom cabinetry, stainless steel appliances, granite countertops & hardwood flooring make the kitchen an entertainer’s dream. Open concept & vaulted ceilings throughout, 3 way fireplace, built in desk area & extensive finishing upgrades – truly special living space.  They will enjoy the walk out level – perfect for entertaining their adult children with a full wet bar, wine storage and spacious family room with a 2nd fireplace – for the Grand children!

My buyers wanted a walk out bungalow with South or West Back Yard & Views

History has proven over and over that Real-estate is the pathway to long term wealth. Any successful investor holds real-estate within their portfolio.  As consumers we have access to 5 areas of retirement planning:

• Cash From Savings
• RRSP’s
• Stock/Bonds
• Pension
• Real Estate

Only Real estate allows “leverage” or the ability to acquire large assets at a fraction of their true cost.  Only real-estate allows us to take out “equity” with no or minimal tax implications to serve our future financial needs.

Mark Loewen, Royal Bank of Canada Revenue Property Mortgage Specialist, recently moved into an office down the hall from me here at ReMax House of Real Estate.

Have you  thought about investing in real estate … but haven’t quite taken the next step? Do you need help in getting over the hurdle … the decision … if it makes sense?

Set a 25 min consultation with Mark and I to see if Real Estate Investing is right for you.

I call this meeting… “The Power of Property”.

Silver Spring Home

Fantastic 4 bedroom immaculate hillside home with over 2200 sq. ft. of development with both city and mountain views! Within short walking distance of public and catholic schools, the Bow River and terrific Parks. Need LRT to work? No problem — two stations are less than 5 minutes away. Over $80,000 in updates in the last few years including New Windows and Doors, Furnace, Driveway, Deck, Fence, Landscaping and Flooring. You’ll love the kitchen in the center of the home with corian counter tops, slate floors and stainless steel appliances. Large windows make this home super bright and the perfect basement has a huge rec room and two walkouts! Watch the sun set on the huge gorgeous deck above the garage on those long summer nights or enjoy the park like WEST back yard with loads of beautiful trees.Don’t miss out on this stunning home, call to view today!

MLS #C3518121

Offered at $429,900

Marda Loop Condo

Stunning one bedroom condo in the appropriately named building, Dream. This complex offers a beautifully designed courtyard, heated underground parking including visitors’ parking and separate storage. #203 is bright and open with 9′ ceilings. The well designed and functional kitchen includes lots of cupboards, black appliances and a breakfast bar. A spacious dining area provides plenty of space for a table and chairs. The gas fireplace adds a great deal of warmth in the living room. The balcony is a good size and great for entertaining. The extra large master bedroom offers a large closet area and cheater door to the 4-piece bath and insuite laundry. The den makes a perfect computer room. If you desire a great place to live in the best location in Calgary – this is it! In the heart of Marda Loop – Shopping, transportation, restaurants, entertainment & Parks are within walking distance. Close proximity to Westhills, downtown and the road to the Mountains.

MLS #C3517656   Offered at 259,900

First Time Buyer? (or looking for a cash flowing rental property in Calgary?) Fire Your Landlord! With $11K down own this ‘Cute as a Button home’ for $859 per month in Dover. Financing by Canada’s fastest mortgage broker Robin Clegg – http://tinyurl.com/7942ha9

Here is a thought I shared with my team and wanted to pass it on…
Go one better
Do circumstances demand that you get up an hour earlier? Then put yourself firmly in control, go one better, and get up two hours earlier.

As long as you’re making the effort, make it count.  Rather than doing just the minimum required to merely get by, do the maximum of which you’re capable.

Don’t just break even by giving what you’re expected to give. Go one better, and exceed everyone’s expectations.

A little bit of extra effort will end the frustration of always playing catch-up. Instead of constantly being run over by the problems, you’ll be out in front, ready and waiting to transform them into opportunities.

Instead of resenting what you must do, rejoice at the opportunity to make a difference. Instead of casting yourself as a victim of low expectations, raise those expectations higher and higher through your commitment to excellence.

Life asks much of you, and with a little extra effort you can go one better.  Go one better, and earn the ability to joyfully live life on your own best terms.

Going the Distance in Real Estate

Mortgage broker Robin Clegg just assisted me with figuring the cash flow on an investment property I listed for sale recently.

This 3 bedroom main floor and 1 bedroom basement suite at 248 Westwood Drive is priced at $339,900.

This fantastic property has so many great features, its hard to keep up. Located just 700 meters (5 min walk!) from the new LRT, this suited home boast a 3 bedroom main floor suite and a 1 bedroom basement suite. Main floor tenant pays $1200/month and is moving out. Lower is currently vacant. The huge yard leaves plenty of space to build a garage, great for even more rental income or storage. Just a 5 min walk from Sunterra Market and across the street from what used to be a very nice, friendly neighbourhood park….the City of Calgary is committed to turning it back into a lovely park.  Please call to book a showing of this terrific cash flowing property.

INVESTMENT PROPERTY SUMMARY

Cash Flow with 5% down payment ($16,995):  $584.17/month

Cash Flow with 10% down payment ($33,990): $656.47/month

Cash Flow with 20% down payment ($67,980): $801.06/month

Approximate monthly rent (tenants pay utilities): 

248 Westmount Dr, SW

Upstairs:                    $1,200

Basement:                      800

RV Pad:                          100

______________________

Total:                            $2100

Monthly Expenses:

Property Tax:             $142.17

Mortgage Details***:

5 year fixed rate @ 3.09%, 30 year amortization:

Monthly principal and interest payments:

5% down:                  $1373.66

10% down:                  $1301.36

20% down:                  $1156.77

Presented by Robin Clegg, Imperial Mortgage Group

Verico – CML Mortgages

3540 3 AVE NW, Calgary, AB

P: 403-607-5617

My friend, and FASTEST lender in Canada, Robin Clegg and I recently sat down to talk real estate, investment property, and financing.
Robin is a three time Olympian in Biathlon … which makes him Canada’s fastest mortgage broker. I dare anyone to disprove it.

We discovered that this up down duplex with a double car garage in 111 Pennsmeadows CL, SE, Penbrooke Property can generate $1000 a month in cash flow!

INVESTMENT PROPERTY SUMMARY

Cash Flow with 5% down payment ($12,950): $853.87/month

Cash Flow with 10% down payment ($25,900): $908.96/month

Cash Flow with 20% down payment ($51,800): $1019.14/month

Investment Details

Hedge against rising interest rates by considering a 10 year term @ 3.89%, 20% down payment, creating a monthly cash flow of $1000.61!

*** Subject to approved income and credit verification, Rates subject to change without notice E & OE

http://tinyurl.com/779w2y8 – For more info

I’m currently marketing both 50′ lots and new infills in Altadore, SW and Montgomery, NW.  I thought it would be interesting to compare median prices of a few inner city neighbourhoods.

I went back 6 months and looked at homes that were built since 2009 with a maximum lot frontage of 8 meters (25′) that have been sold:

• In Altadore there have been 13 sales with a median price of $864,492
• In West Hillhurst there have been 7 sales with a median price of $820,000
• In Montgomery, there have been 5 sales with a median price of $533,930.

What is the Median SALE price of a 50′ building lot? (Past 6 months)

• In Altadore, there have been 15 reported MLS sales with a median price of $594,200
• In West Hillhurst there have been 15 sales with a median price of $567,283
• In Montgomery there have been 16 sales with a median price of $320,000

Assuming nothing was to change and you were going to buy land at median price, and sell at median price, where would you buy land in order to sell at the highest profit?