Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Investing In Lloydminster

S

Sherwoodparkcondos

0
REIN Member
Joined
Oct 15, 2007
Messages
15
Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hey Tom
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hey Tom
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hey Tom
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hey Tom
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hey Tom
 
Hi there.I am a realtor , REIN member, and investor living in Lloyd and investing in this market. Pls feel free to pm me on here or call my cell and we can discuss whatever you want to know.
cheers,
Ryan Topley
Century 21 Lloydminster
780.214.7653
 
QUOTE (Sherwoodparkcondos @ Nov 10 2009, 09:04 PM) Hi,
I`m considering purchasing a 4-plex in Lloydminster with 4 three bedroom suites (on the Saskatchewan side). I was wondering if there is anyone presently investing there, and would care to comment on the situation there: current & future economic fundamentals, vacancy rate, Alberta side vrs Saskatchewan side, unemployment rate, inmigration, how cyclic is the market, rents & cashflow etc.
I`m having trouble finding much info.
Any info would be appreciated,
Thank you,
Tom

Hi,
We currently have a six-plex on the Alberta side of Lloydminster. We have been involved in the real estate business for 4 years now. The economic situation in Lloydminster is fairly stabe, things have slowed down a bit but residiential and commercial construction is still ongoing. The competition in the rental market is strong, however the quality is low. We have managed to keep our building full. Our rent is $965.00 per unit, water is the only utility included in this price. We could probably be asking a little more per unit as the going rate is approximately $1000.00.(two bedroom unit) The four-plex you are looking at is located in a multi family neighbourhood and starter homes. I believe the one you are looking at has been for sale for about a year now and it was originally listed at $735,000+gst. The Saskatchewan side is not as desirable, and therefore may be a little tougher to find quality tenants.
Hope this info helps
Scott Dopko
 
You must log in or register to reply here.
Back
Top Bottom