Real Estate in Edmonton - Where we talk Real Estate & Real Life
Real Estate in Edmonton breaks down the strategy behind buying, selling, and investing in one of Canada’s fastest-growing major cities. We also highlight what’s happening around the city — because real estate isn’t just about numbers, it’s about the real life and the community behind them.
Whether you’re an experienced investor looking to add properties, a family planning a smart move for your future, or simply curious about what makes Edmonton such a unique market, get a clear starting point — and all the details you need too.
🎙 Hosted by:
Devin Gray – Realtor® with eXp Realty & Mogul Realty Group
Tracie Gray – Professional Broadcaster & Emcee 7 Real Estate Investor
Subscribe for weekly insight into Edmonton real estate and real life.
Real Estate in Edmonton - Where we talk Real Estate & Real Life
🔥 Why Edmonton. Why Alberta. Why NOW? (Episode 13) 🔥
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
If you’ve been sitting on the sidelines waiting for the “right time” to invest in real estate… this might be the episode that changes your mind. Hit play and see why the smartest investors aren’t waiting.
This week on the podcast, we’re bringing you something different again! This is a live, on-stage presentation delivered by Devin at the Real Estate Wealth Expo in both Edmonton and Calgary, hosted by Wealth Genius and REIN - the Real Estate Investment Network.
🎤 In front of a room full of serious investors, Devin breaks down one key question:
👉 Why NOW is one of the best opportunities we’ve seen in years to invest in Alberta real estate — especially in Edmonton.
💡 Inside this episode:
This isn’t theory — it’s data-backed, boots-on-the-ground insight from the team at Mogul Realty Group.
You’ll hear Devin walk through:
The Alberta Advantage
Over 5 million residents and growing fast
On track to become Canada’s 3rd most populated province
No provincial sales tax
No land transfer tax
Business-friendly, competitive tax environment
Affordability You Can’t Ignore
Alberta = “The Land of Affordability”
Edmonton remains the most affordable major real estate market in Canada
Why Edmonton Stands Out
A resilient, diversified economy
Known as “Festival City” with 50+ major festivals
Home to the largest urban parkland in North America (North Saskatchewan River Valley)
Lowest rents among major Canadian markets
A balanced and stable housing market
What Smart Investors Are Watching
Shifting market dynamics creating real opportunity right now
Why timing matters more than ever in this cycle
Real, current investment opportunities on the market today
🎧 Episode Format:
* Quick intro from Tracie
* Live presentation from Calgary
* Closing
🚨 Don’t Miss This If you’re:
Thinking about getting into real estate
Looking to expand your portfolio
Curious why investors across Canada are turning their attention to Alberta
…this episode lays it all out clearly.
👉 Want to explore opportunities or see the properties mentioned?
Reach out and Devin will connect with you directly.
Hosted by:
Devin Gray – Realtor with EXP Realty & Mogul Realty Group
Tracie Gray – Professional Broadcaster, Event Emcee & Real Estate Investor
Real Estate in Edmonton — where we talk real estate and real life.
🎙️ ABOUT THE HOSTS
🏡Devin Gray is a professional REALTOR® with eXp Realty and Mogul Realty Group in Edmonton, Alberta. Born and raised in Edmonton, Devin specializes in helping families, homeowners, and real estate investors make smart real estate decisions. He is also a real estate investor, speaker, and host of the monthly Mogul Mastermind investor networking event.
💃Tracie Gray is an award-winning broadcaster, emcee, actress, producer, and on-air personality. With decades of experience in radio, television, live events, and media production, Tracie brings her unique perspective, storytelling ability, and passion for Edmonton to every episode.
Together, Devin and Tracie host Real Estate in Edmonton — where we talk real estate and real life. Each week, they explore Edmonton's housing market, local businesses, community events, investment opportunities, and the stories that make Edmonton one of Canada's most exciting places to live, work, and invest.
📍 Thinking of buying, selling, investing, or relocating to Edmonton?
Connect with Devin Gray:
devingrayyeg@gmail.com
🎧 Subscribe for weekly episodes covering:
• Edmonton real estate market updates
• Investment strategies and opportunities
• Local business spotlights
• Community events and developments
• Lifestyle and neighbourhood insights
🩵 Thank you for listening. If you enjoyed this episode, please subscribe, leave a review, and share it...
This is Real Estate in Edmonton, helping you navigate, buying, selling, investing, and living in Edmonton, hosted by realtor Devin Gray and professional broadcaster Tracy Gray.
SPEAKER_00Well, thank you so much for that amazing intro. That is local Edmonton legend, Bob Layton, news icon and author. We really appreciate that. Now it's a crazy flying solo today because Devin's been busy. He's been doing some public speaking events, including the Real Estate Wealth Expo, and he spoke at the one here in Edmonton, and then also down in Calgary as well, talking about why Edmonton is a great place to be investing, why Edmonton, why Alberta, and why now. But here's Devin to tell you more.
SPEAKER_02Well, you know, uh actually want to do something when it comes to real estate investing. So congratulations. Um so I am uh down from Edmonton. I came with my uh lovely wife, Tracy Grade, who is my uh unlicensed assistant and fully licensed wife. So I bring her along to all sorts of cars. And can we all get a big ooh? I'm sorry, because she broke her ankle a week ago. Yeah, so she was skydiving in Hawaii, and actually she was stepping out of her car. So but she was at the hospital, and a lady beside her got up from her couch, and that's how she broke her ankle. So there's always a worst story. Um, so thanks very much. I feel very privileged to be on stage here today. Uh, my wife and I first saw uh Alfonso back before COVID in 2019, and uh he's one of the most dynamic speakers we've ever seen. And uh, so again, so uh several years later, it's a real privilege to be here on stage with him today. We did come down to talk about Edmonton. Um, whether you uh and hopefully you do consider uh continuing on your investing journey with Wealth Genius or not, you're going to find that uh there's opportunities all around the world and especially in North America. Uh, but most people will want to consider investing where they're somewhat close to home. And so Edmonton only being a well three hour or two and a half, depending on how fast you drive uh north of here. Uh, we wanted to take some time to explain to you what's happening, not only in Alberta, but in Edmonton and why Alberta and Edmonton is a great place to invest. Uh, we are the mobile realty group, we've been around for about eight years, uh, started by a gentleman named James Connell, who is actually our real estate investor-focused agent before we decided, I decided to get my realtor license. Um, we are investor focused, uh, probably about 70% of our uh of our client base are investors, and we're thrilled to be the Edmonton and area realtor uh service provider for wealth changes this year. Uh, who we are in regards to Mobile Realty Group, again, we're full service. So we've helped people and guided them through buying holds, uh, creative strategies such as fix and flip or uh agreements for sale and vendor takebacks. We've helped people with fix and flips, obviously multifamily, which is why we're here. We've helped people, we've guided them from start to finish, and have a tremendous amount of people that have been successful. We also have some knowledge tools. We have the mobile school, uh, also known as the mobile learning. We've got the investor education plan. You can talk to us at our booth afterwards in regards to those tools. And one of the cornerstones that we have, we also have a weekly deal newsletter as well that we can sign you up for. Uh one of the cornerstones of what we provide, we've been doing it for about 10 years, is the mobile mastermind. This is a monthly free meetup. Prior to COVID, we were at 130, 140 people in the room. We moved it entirely online during COVID. Now we offer an in-person and online event. So we float around 40 or 50 people in the room and another 40 or 50 online from all across Canada. And we like to do a market update, which is what I do every uh every month. We also do a deal analysis or a deep dive on a particular neighborhood in Edmonton to invest in. Uh, and we have some keynote speakers. Uh, we have the president of Paceetter Homes uh speak to us. We have tax uh tax and accounting is very important when it comes to real estate investing. We usually have that every February. Uh, we have uh wholesalers, we have fix and flippers, we we have run the whole gamut. We also have some people that uh are focused on short-term rentals. So everything. But as I mentioned, I do the market update. Uh when we meet with buyers, we call it buyer intake. Whether they're seasoned investors or new, we like to take them through why they should consider Alberta. And uh, what Anthony presented and what I'm presenting is is key to you knowing exactly where when you start your journey in regards to investing, where do you want to invest and why? So every province, every state in the US has pros and cons, but we have something in Alberta we like to call the Alberta advantage. These are evergreen advantages that you know hopefully the political landscape will never change. Uh we have no provincial sales tax, and we have no land transfer tax, and we have also one of the most favorable corporate environment tax environments in Canada. And obviously, as well, we'll talk about this. We have uh housing affordability, and that's actually why we've seen Alberta grow to over five million residents. We hit the 5 million mark in May of 2025, and I believe we're actually pushing pretty close to 5.2 million now. We are on track right now with the fourth most populated province. We're on tack to overtake BC in the next 25 years and become the third most populated province in the next 20 to 25 years. We also, when it comes to investors, we have no rent controls. Um, you've probably or potentially heard about uh BC and Ontario having rent controls. Well, ironically enough, they're also the most expensive places in Canada to rent. So it kind of makes you wonder why they have this when rent is so so expensive. One of the key things about no rent controls in Alberta is you can raise rents as much as you want once a year. Now, I remember I still talk to uh investors uh saying, you know, like don't get crazy, don't invest a thousand dollars a month, or don't increase it by a thousand dollars a month. It'll probably be on uh global television or or the front page of a newspaper about jamming somebody, and I never thought that would happen, but it actually did happen a couple of years ago. Uh, an investor, a landlord, wanted to get somebody on welfare out of their unit, and so they did try to increase rents by a thousand dollars. What happened? She phoned the media, it was the first story. Um, the rent didn't go through, and the lady was able to stay. So, you know, be reasonable when it comes to your rental increases. Uh, another advantage, sorry, another advantage when it comes to Alberta is we are the youngest population in Canada at 38 years, and we also have the smallest population of seniors, 65 plus. So we have a lot of people that are young and active and in the workforce when it comes to being in Alberta. And we have, because of our affordability and all these other advantages, we are the number one province for inter-provincial migration. Canada's population actually dropped last year by 100,000 people. But there is, and there was one province that grew in population, that was Alberta. All other nine provinces shrank in population. They're coming here for all of these wonderful various reasons about Alberta. Now, Anthony talked about this a little bit. I won't talk about it too much, but we are uh we're kind of known as the engine of Canada. People down east don't necessarily like to say that, but we really do uh offer a lot to uh Canada's economy. We consistently have a larger GDP than Canada. Um, Anthony talked about our energy economy. A lot of people, especially down east, think, oh, we must be 50 or 60 percent of our economy is energy. It's actually only 25 percent. We're actually quite diverse. We have a large tech growing sector, uh, finance, aviation, aerosmith, uh, aerospace, advanced manufacturing, and we're a very business-friendly environment as well. And so, because of this significant growth, there has been a lot of investment from the provincial governments in regards to infrastructure. Uh, you've seen it, you know, there's all sorts of stuff happening in Calgary. When it comes to Edmonton, um, you know, we were a few years ahead of you in regards to our ring road called the Anthony Hendade. You've got the Stony Trail. Right now, the big thing that's happening in Edmonton is the expansion of our LRT or light rail transit, uh, expanding out into two different directions. Uh, they say it'll be ready in five years, which probably means ten, but uh, it is underway. Uh, we're also trying to attract the government, is working towards attracting more industry, um, and there's lots of investment incentives. There's a lot of reasons why the government is on board as well in regards to encouraging business to come here, which means more jobs. Uh, I I somebody told me long ago that said if you're ever going to write a book about investing and it could say one word, that one word would be jobs. Because people will move where jobs are, and when people move to a place where they they have an opportunity for jobs, they need housing. And so that's where you come in as investors. So Alberta is the land of opportunity and it is also the land of affordability. So we have all these wonderful things: no sales tax, no land transfer tax, strong economic fundamentals, reasonable housing as to what's going on here and why people are moving here. I mentioned earlier about how Alberta is on track to become the third most populous province in Canada. BC is actually on track, they've gone on record to say their population is actually going to shrink by 0.6% this year. And one of the areas that's most significantly going to drop is with seniors. Now, historically, seniors flock to BC. It's lotus land. They want to retire in the Okanagan or they want to retire in Victoria and stuff like that. They still have that desire, or in a lot of cases, they're there, but their kids and their grandkids can't afford to live in BC. They're moving to places where there's affordability, like Alberta. And so what's happening is that they're selling their homes for $1.3 million. They're coming to Edmonton or Calgary, buying a pretty nice house, well, at least in Edmonton, a very, very nice house for $600,000, sticking $600,000 in a bank, traveling during the wintertime, and they've got a 20-minute drive to their grandkids, not an hour and a half late. And I've I know this because I've had helped three different families do exactly this in 2025. Where they were out here, they moved here a couple years before, and now I'm helping their parents, their grandparents move to Edmonton for that exact reason. Um, we had some also incredible growth, just to put a perspective in regards to how affordable things are to the rest of the country. I heard a lot of people talk, and I helped a lot of first-time home buyers buying houses over the course of you know 24 and 25 in Edmonton, and certainly it happened in 23 and 24 in Calgary. Tracy's older brother works for Rogers Media, so he sells um television and radio and various things like that. And he tells me, and I kept asking him this question, is this true? Is this true? And he said, yes. He said in 23 and 24, I won't mention the spa company, but he had a spa company as a client, and he said, easily once a week, they had somebody coming in who had recently moved from Ontario to Calgary and dropped $100,000 in that spa place. They were buying a $50,000 swim spa, they were buying a $30,000 patio set, and they were buying a $25,000 hot tub, and they were saying, I've got all this money. I sold my $1.5 million house in Ontario. I came to Calgary, I bought this beautiful house for $750,000. I hear the winters are horrible here, so I need to have stuff to do. And so once a week they were selling $100,000. I don't think this is happening lately, but that's what was happening in Calgary, 23 and 24. That's the kind of uh money that was coming here from Ontario and BC looking at the affordability of Alberta. Meanwhile, local Albertans, homeowners, were going, the prices are getting out of control. So it's amazing how it could be relative to what local native Albertans think about what's happening and what the rest of the country thinks when they're selling their homes in BC and Ontario and trying to come here to Alberta. So I am here from Edmonton. I did want to talk about the advantages of Edmonton. Obviously, Calgary is also a wonderful place, as is all of Alberta. Um, we are the and have been for a long time the most affordable major city in Canada. And we're also one of the fastest growing along with Calgary. The city has been focused on densification for a long period of time. Um I've been with the Mogul Realty Group for six years, and we've been talking about this for the entire time. Um, there's four reasons why we're focused on densification, and what I mean by that is basically in the center of the city, and Calgary has the same situation. You've got these large lots that have these 80-year-old small houses on them. And the cities are trying to find a way to get more people to live in that center part of the city. Reducing the environmental footprint is certainly one of them. We it's so easy for us to just expand. We can't just keep gobbling up uh farmland. We have to slow that process down. Um, we also, because it's so easy for us to do, we don't run into oceans, we don't run into mountains, we don't run into lakes like Vancouver and Toronto do. We can just keep expanding. But also with that expansion, there's a massive cost of infrastructure. You know, we're building new roads, building, pushing transit out. Um, we've got schools to build, all sorts of things like that. Where we in the center of the city, we've already got a lot of that infrastructure. And it's only, it's not being used to its capacity. So it's another reason the city wants densification. Edmonton is actually landlocks, certainly much more than Calgary. We don't run into oceans and mountains, but we run into, for those of you that are familiar with Edmonton, we run into Beaumont, we run into St. Albert, we run into Sherman Park. I'll show this in a minute on a map on the next page in a moment. And the last and most important, but probably the one that gets talked about the least when it comes to the city, is the tax increase. When you're buying in the university area a $500,000 80-year-old house that's on a 50 by 150 lot, you're tearing it down, and you're building a four-plex or you're building an eight-plex, and turning that half million dollars worth of real estate into 1 million, 2 million, 2.5 million, that's a massive increase in tax revenue for the city. That's another reason why the city is so focused on densification. So there's a lot of reasons why they're focused on it. So here's that map I was talking about for those of you. We've got, I mean, basically, the the Anthony Hende separates St. Albert, the Anthony Hende separates Sherrod Park. We've got a little bit of growth here with Fort Saskatchewan. Prior to COVID, there's Beaumont here, you can't see Leduc down here by the airport. But prior to COVID, there was a massive battle between Beaumont, Leduc, and the city of Edmonton for all this land here in regards to annexing because Edmonton wants to grow, every city wants to grow. Well, all these small communities, they want to grow too. And so there was quite a battle in regards to uh how that shook out. And uh and Edmonton right now actually is landlocked to the south. 41st Avenue, Southwest is the boundary of Edmonton, and it cannot grow any farther south. So, again, it's another reason why uh we're looking at uh at densification in the center of the city. We are a more resilient economy. So back in 2006, 2007, 2008, for those of you who remember how strong the Alberta economy was. As strong as Edmonton was, Calgary always did better. We never understood why. What do we have to do to make us be equal to Calgary? Well, we found out why, because during the downtimes, 2016 to 27, Calgary really struggled. Edmonton was a more diverse economy. We didn't struggle as bad. Why is that? Well, we're the Alberta Capital. We have thousands of government jobs. Not 100% safe, but pretty safe. We're the epicenter of health care. Alberta Health Services is the largest employer in Edmonton. Over 50,000 people in Edmonton work for Alberta Health Services. We have a strong educational presence. Alberta Teachers Association is headquartered there. We have many union headquarters there. And so we have a lot of union left-leaning jobs, which, for those of you that know, one of the nicknames of Edmonton is Redmonton or Orangminton. And when we wonder why in this province of blue, we end up with this odd liberal MP, or right now, every single MLA in Edmonton is NDP. We don't have a single conservative, and we've had that way for a long time. These people will vote left-leaning, but they make amazing tenants. So keep that in mind. We're more than just a prairie city. So when jobs are plenty and people are coming, Edmonton, Calgary, anywhere in the province, they come, they mostly rent, they probably rent for a couple years, and one of three things happens. They move back, they keep renting, or they buy. And if enough of them start to like what's going on in a city, more of them will buy, people continue to come, and that's where we start to see uh increases in rental values. Calgary would have just as long of a list. There's a lot of wonderful things happening in Calgary. In Edmonton, we are known as the festival city. We have over 50 major festivals, probably 48 of them happen in about a five-month span in the summertime, but we do have a couple of winter festivals. We have the largest urban parkland in North America. Most people don't know that. Over 160 kilometers. It's, I think it was five times the size of Central Park, something like that. We also have a pretty vibrant arts and uh cultural community with a couple of significant uh venues, the Citadel Theater, Windspear Center. We also have Fort Edmonton Park and the Tell us World of Science. Rogers Place has really revitalized a certain area of downtown. I'm so excited. I think it's the best thing that could happen for Calgary that you're getting your own arena. You're gonna love it. I can't wait for it to start. Um, it's gonna be fantastic. Um, we've got three significant post-secondary educational institutions: U of A, Nates, and McEwen. But we do have our areas of improvement. Uh, the downtown. Um, actually, funny enough, driving through the downtown this morning, seeing a few uh people without residences. Uh, I was like, are we back in Edmonton? Man, this is seems very similar. So it's an unfortunate circumstance that's happening in every major city. Um, we had a speed bump or a roadblock with our past, uh, not to get too political, but a roadblock with our past city council that certainly uh uh tripped up a few things. We're hoping that this new city council will do better. Edmonton housing. We've talked about uh how this has been a significant point of Edmonton's focus for pretty much a decade. Um we saw record new housing in all of Alberta in 2025. Calgary was number one, Edmonton was number two. Well over half of the new bills were in these two major centers. 2026 is also strong. They know that it's not going to be the peak of what it was, but it continues to be at a record pace. Uh again, we we have a good relationship with the president of Paceetter Homes. He says there's they're off to another strong start. Why people continue to be moving to Alberta? Not as significant as the last little while, but it's still happening. Um, we've got some initiatives in Edmonton that are happening. There's 550 new student housing units that are started in five different areas of downtown. That's to help students have a place to live for our two downtown post-secondary institutions, uh, McEwen and Northwest College. The city is behind an attainable housing program. Right now, there's 13,000 people that live in downtown Edmondson. They're pushing for 20 and eventually 30,000 people in the next few years. So this is one of their first initiatives. As developers create new places to live downtown, the more attainable or affordable housing as part of that project, the higher the tax credits. And so their goal is 3,400 units, with about 800 of them being attainable. Uh, there's also a transitional home program being created, uh, people being discharged from the hospital. Not everybody has a place to live. Uh so this is an opportunity for them to kind of get out of the hospital, get back on their feet for a little bit. And of course, small-scale residential. That has been a controversy over the course of the past 18 months. So most of you have probably heard, excuse me, that in public settings and social situations, you should never talk politics and religion. Well, in Edmonton, you should never talk politics, religion, and infils. Uh, we had a major developer at the Edmonton session yesterday in Madura. I threw that joke out. He laughed hard. He goes, Oh my gosh, I have these meetings in coffee shops, and we start talking aplexes, and I feel like nines are gonna get thrown at me. It has become quite the controversy, and it will continue to be the controversy. So just a bit of background on it. Again, recognizing that we need more densification and we need just simply more housing in Edmonton, they changed the zoning in January 2024. The idea was that we were gonna allow uh just loosening up the zoning and allowing for more of these aplexes, you know, four suites up top and four basement suites, to be uh not just on corner lots, but interior lots. And so uh the idea being that we would turn these older single family homes or neighborhoods into higher density. And uh it just took off like wildfire. We have somebody on our power team, a builder, and at any given time in the last two years, he had between seven. And 90 units underway from either a blueprint or near completion. And there's at least at least two dozen of these infill companies. So this really took off incredibly fast. And it hit critical mass in June of 2025. Enough neighborhoods were being affected in certain blocks. There were three or four or five of these infills being built. There was massive construction. People were concerned about parking. Hey, I bought in here 30 years ago. I didn't want to live in a multi-you know-densification area. Who snuck this by the city? Who paid off the city? All sorts of comments that happened. And so it hit a point where basically it had to go back to the city council in June of 2025 in regards to what to do. And of course, in true typical fashion, they came up with a bunch of kind of non-answers, non-decisions. They shrunk the building size. They did a few changes, but it's still continuing to be a conversation. I don't believe we've got the same situation in Calgary. I was talking to again the jury yesterday, and he was filling me in a little bit. But this is what's happening in Edmonton. Bottom line is that obviously politicians are going to go with the masses, and if the majority is crying out to do one thing, they're going to make a certain decision. But at the same time, we need housing. We need housing. And so there are still a lot of investors that are continuing to push forward. We have the lowest rents in all of Canada when it comes to major markets. Right now, for a two-bedroom apartment in Vancouver, it's about $3,500. Toronto is something like $2,900. It's $1,500 in Edmonton. Rents have declined nationally for 18 straight months. That's a 35-month low. This isn't surprising based on an Anthony mentioned about the immigration being reduced. We used to see a million people a year come in. Now we're floating around $35,000, $350,000. Rents are down 4.4 year to year. However, they're up 15% over the past three years. Edmonton continues to have the lowest average rent of the six major markets. And right now, you can go to rentals.ca where this information came from, but 11 of the 25 lowest average rents outside the major markets are in Alberta. That's the most of any province. I'm talking about Lloyd Minster and Lacomb and Fort McMurray and Grand Prairie. So if maybe the major markets isn't necessarily your focus, but you are looking at staying in Alberta, there's certainly a lot of opportunities when it comes to affordability and why people continue to move to Alberta and are looking for rents or a place to rent. Months of inventory, it's relatively commonly said that months of inventory, which is the amount of inventory, if nothing new came on the market, how many months would it take to sell? Three is basically means a balanced market. Calgary for you know 23 and 24 was like a 2.1, 2.2, 2, or sorry, 2.1, 2.2, 2.2, that kind of thing. Evanton in January was over four, and now we're kind of selfage into a balanced market here. And we've grown by about 3.4%. Pretty healthy, pretty consistent growth. Great, you know, you want to be investors, not speculators. You want to go to a place that has consistent growth, and certainly Edmonton Everton delivers that. So what we're seeing is a right opportunity for investors in the Edmonton community. We're getting calls at the mobile realty office from investors we haven't heard from in the last couple of years because they're recognizing that it is a buyer's market now. Um, I will say that there's an opportunity, and was chatting with this with Anthony uh earlier, is that Edmonton is fortunate to have a crystal ball. And that crystal ball is Calgary. Calgary is the economic revenue generator of Alberta. As Calgary goes, the rest of the problem goes. When Calgary started going in 2023, we knew Edmonton was eight to 18 months away. 13 months later in January 2024, Edmonton started to get going. Calgary slowed down in spring of last year. Edmonton was actually stronger last spring than Calgary, but we knew Edmonton was going to slow down. So again, from a standpoint, if you if you're looking for a little bit more of an ability to look at the future based on what's happening in a bigger market, Edmonton could potentially be the place for you to be. There is a QR code at the end if you want more information. This one here is on MLS. It's one of these eight plexes. What's happened in Edmondson is because there's been so many of them built and rents have softened, it has becoming more difficult to build some of these things. And so a lot of investors are starting to turn towards turnkey. This is a turnkey opportunity. It's fully tenanted, all in suites are full. It's basically where our old Edmonton Airport is in Blacksburg. This is a pet project of the city. Um, there it's it's a zero net uh community, uh, lots of environmental opportunity, you know, friendly into the build. There is a vendor takeback opportunity with this. The seller is motivated and is willing to help that buyer out in regards to making this deal work. It's currently listed at 2.6 million on uh on MLS. And uh there is also an off-market opportunity. This is a nine-unit value add opportunity in a community called Central McDougall, which is basically just kind of north-central of downtown. Um, there is an opportunity to uh increase rents. Uh there's it's the the building's completely full. There's a lot of uh long-term tenants in there, and the seller has not been too diligent in regards to keeping up with market rents. So there is an opportunity to purchase this property, increase rents, which obviously is going to increase the value of the building, uh, opportunity to stabilize and then eventually refinance. Um and yeah, and I go and then also most of the CapEx items have been done. The roof is about 15 years old, they put a new hot water tank in and windows. So if you want more information, um there's QR code coming up. Uh so basically, just again, uh it's a it's the opportunity is is upon us in regards to a lot of international and national uncertainty. These are the things that investors want to look for when they're looking for good opportunities to get into the marketplace. And we do feel that uh there's an opportunity there in Edison. So here is the uh QR code for anybody that would like get invites. Again, keep in mind our mobile mastermind is online, so we get people from right across the country that tune in online. Um, it's always the last Wednesday of the month. Uh there's networking starting at 6:30, starts at 7, goes till 9, and then just a little bit of networking. And then also there's an opportunity there if you uh want the information on those two properties. Uh, we also have a couple other properties at the back, and we have a weekly uh uh email list uh that we can send out to you as well. Just if nothing else, just to stay informed in regards to what's going on. That is my time. Thank you so much.
unknownI don't know what happened here, but I think that jokes today.
SPEAKER_02My favorite one was that you know liberals are good vendors. And I think we're gonna talk about being difficult.
SPEAKER_00That was Devin speaking at the Real Estate Wealth Expo through Wealth Genius. And that's it for our podcast. Thank you so much for watching. I'm Tracy. This is Real Estate in Edmonton, where we talk real estate and real life. Thanks for watching.