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Forum » Serviced city lots on the outskirts of Edmonton Alberta for sale
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Thread: Serviced city lots on the outskirts of Edmonton Alberta for sale

post 1642042473 07-02-2021, 11:12 AM
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Serviced city lots on the outskirts of Edmonton Alberta for sale

Selling for $199k

They look like .25 acre lots too


Not sheriff worth it
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post 1642042713 07-02-2021, 11:15 AM
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The fook are you talking about OP.
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post 1642042993 07-02-2021, 11:18 AM
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Originally Posted By Realclout⏩
The fook are you talking about OP.
Vacant land with utilities just on the outskirts of Alberta’s capital city are selling for $200k
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post 1642043463 07-02-2021, 11:25 AM
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Originally Posted By ashin1⏩
Vacant land with utilities just on the outskirts of Alberta’s capital city are selling for $200k
Ah, I mean it's not terrible but probably not for an investor more so a developer or some yuppie rich family. SRS.
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post 1642043573 07-02-2021, 11:26 AM
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Not as an investment no. Get a micro loft on the west coast. Small on the 1st floor is the cheapest rent for more then mortgage or the same price.
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post 1642044073 07-02-2021, 11:31 AM
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200k for 0.25 acres?

Would you build an apartment building? What kind of commute to the city do they involve?
post 1642044283 07-02-2021, 11:35 AM
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Originally Posted By mesobuild⏩
200k for 0.25 acres?

Would you build an apartment building? What kind of commute to the city do they involve?
Looks like a residential development for single family homes

I’d imagine a multihome wouldn’t even be able to be built there due to zoning regulations

Originally Posted By Realclout⏩
Ah, I mean it's not terrible but probably not for an investor more so a developer orsome yuppie rich family. SRS.
My guess as well
Originally Posted By Joseph1990⏩
Not as an investment no. Get a micro loft on the west coast. Small on the 1st floor is the cheapest rent for more then mortgage or the same price.
Micro/tiny homes/apartments are dopeeeee
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post 1642044563 07-02-2021, 11:38 AM
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Originally Posted By ashin1⏩
Looks like a residential development for single family homes

I’d imagine a multihome wouldn’t even be able to be built there due to zoning regulations





My guess as well




Micro/tiny homes/apartments are dopeeeee
Doesn't have to be a rich yuppie family could always be a developer looking to build a single family like you said that is most likely what it is zoned for most houses around me SIMILAR area are around .25 maybe even less sometimes plus a lot of zoning like you mentioned with were certain things can and can't be built.

My guess is at one point somebody owned more then .25 acres and sold it off to a gentleman who installed utilities and that person has been slowly selling it off to builders or families that want a custom house and that is probably his last parcel

I would have to guess he made a fortune doing so that is typically how it goes I got some land around here I could do that with and could easily double or probably triple my money but it's not ideal.
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post 1642044693 07-02-2021, 11:40 AM
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Originally Posted By Realclout⏩
Doesn't have to be a rich yuppie family could always be a developer looking to build a single family like you said that is most likely what it is zoned for most houses around me SIMILAR area are around .25 maybe even less sometimes plus a lot of zoning like you mentioned with were certain things can and can't be built.

My guess is at one point somebody owned more then .25 acres and sold it off to a gentleman who installed utilities and that person has been slowly selling it off to builders or families that want a custom house and that is probably his last parcel

I would have to guess he made a fortune doing so that is typically how it goes I got some land around here I could do that with and could easily double or probably triple my money but it's not ideal.
Or then developer could be the original land owner.

Seems like Edmonton is growing at a rate that surrounding farm land might be getting liquidated and developed to build more city infrastructure
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post 1642047803 07-02-2021, 12:34 PM
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Originally Posted By ashin1⏩
Or then developer could be the original land owner.

Seems like Edmonton is growing at a rate that surrounding farm land might be getting liquidated and developed to build more city infrastructure
Possibly, It seems like with land it usually changes hands about 3-4 times typically in my experience you have the original land owner
( investor ) who sells to the gentleman who puts in sewage and electrical...etc and then that gentleman usually sells to the developer who actually comes in and builds a property and then finally sold to the end consoomer. In my experience ONLY really well FUNDED developers buy land install utilities and build a property just ends up being a lot of money and a lot of permits hence the chain of command I described above is more common IN my opinion.

That does happen, Quite often actually. PRIMARILY ideal to be either original land owner ( investor ) or developer I feel like installing utilities is a lot of work and not much money so owning the land to begin with or coming in as a developer is probably best.

I really believe I will end up with a trades based businesses in a few years it's hard to go wrong in construction.
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post 1642048633 07-02-2021, 12:49 PM
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I just sold my inner Edmonton property. Held it for 7years, barely broke even after realtor fees. That’s like 2% over 7 years. I could have doubled my money if I bought at the same time on the coast. Alberta is not an investment right now when the future is so up in the air. Wages are stagnant as they way overpaid for everyone ten years ago. Once the money isn’t worth it why would you want to live anywhere near there?
post 1642052083 07-02-2021, 01:55 PM
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Originally Posted By Realclout⏩
Possibly, It seems like with land it usually changes hands about 3-4 times typically in my experience you have the original land owner
( investor ) who sells to the gentleman who puts in sewage and electrical...etc and then that gentleman usually sells to the developer who actually comes in and builds a property and then finally sold to the end consoomer. In my experience ONLY really well FUNDED developers buy land install utilities and build a property just ends up being a lot of money and a lot of permits hence the chain of command I described above is more common IN my opinion.

That does happen, Quite often actually. PRIMARILY ideal to be either original land owner ( investor ) or developerI feel like installing utilities is a lot of work and not much money so owning the land to begin with or coming in as a developer is probably best.

I really believe I will end up with a trades based businesses in a few years it's hard to go wrong in construction.
It really depends on your team.
I’m in the middle of developing some land

And so far my general contractor is organizing the trades and coordinating the jobs of what needs to be done based off the development permit which we work on together.

The flip side of owning the land and developing it and constructing a building is securing financing is much easier if you own the land out right.


Brb installation for a 3000gallon water/septic system is $26k

Brb need to install another power line ~20k

Brb peppering thy angus incase I can’t get a loan for that.
Originally Posted By jofedm⏩
I just sold my inner Edmonton property.Held it for 7years, barely broke even after realtor fees. That’s like 2% over 7 years. I could have doubled my money if I bought at the same time on the coast. Alberta is not an investment right now when the future is so up in the air. Wages are stagnant as they way overpaid for everyone ten years ago. Once the money isn’t worth it why would you want to live anywhere near there?
How is this possible brah?

Tough luck boyo
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post 1642052363 07-02-2021, 02:00 PM
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Originally Posted By jofedm⏩
I just sold my inner Edmonton property.Held it for 7years, barely broke even after realtor fees. That’s like 2% over 7 years.I could have doubled my money if I bought at the same time on the coast. Alberta is not an investment right now when the future is so up in the air. Wages are stagnant as they way overpaid for everyone ten years ago.Once the money isn’t worth it why would you want to live anywhere near there?
exactly.
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post 1642053293 07-02-2021, 02:15 PM
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Originally Posted By ashin1⏩
It really depends on your team.
I’m in the middle of developing some land

And so far my general contractor is organizing the trades and coordinating the jobs of what needs to be done based off the development permit which we work on together.

The flip side of owning the land and developing it and constructing a building is securing financing is much easier if you own the land out right.


Brb installation for a 3000gallon water/septic system is $26k

Brb need to install another power line ~20k

Brb peppering thy angus incase I can’t get a loan for that.




How is this possible brah?

Tough luck boyo
I'd rather own the company then have most of my profit CUCKED by the contractor just lol if you need a loan for 50k as well you're far away from being a developer SRS. But, You're right. For a single property utility installation is cheap I much more so meant installing utilities on 10 acres or say 50 acres not .25 LOL. SRS

If you can't get a loan for 50k I would just ROPE srs. Yeah, it does help to own the land if you plan on developing it that is like financing the finance like at a certain point you're just overextending yourself and the BANK doesn't wanna take a risk on you BEING so retarded.

SRS.

Also on what OP said that is VASTLY true with the type of developing you wanna do UNLESS you're doing it on a big scale or in a SUPER hot area you can get better returns elsewhere. It doesn't make sense especially if you don't even own a contracting company. I mean just lol SRS.
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post 1642053673 07-02-2021, 02:22 PM
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Originally Posted By jofedm⏩
I just sold my inner Edmonton property. Held it for 7years, barely broke even after realtor fees. That’s like 2% over 7 years. I could have doubled my money if I bought at the same time on the coast. Alberta is not an investment right now when the future is so up in the air. Wages are stagnant as they way overpaid for everyone ten years ago. Once the money isn’t worth it why would you want to live anywhere near there?
So you bought shortly before oil dropped from the $100 mark, held through 7 years of pain, and decided to sell just as oil is recovering?

You looking on the far west end of the city OP?
post 1642059723 07-02-2021, 04:17 PM
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Originally Posted By Anachron⏩
Some people, like OP, do not have a choice.
More antics from the mentally deranged.

Debt free crew and would rather look at life with an abundance mentality rather than scarcity mindset.
Originally Posted By Realclout⏩
I'd rather own the company then have most of my profit CUCKED by the contractor just lol if you need a loan for 50k as well you're far away from being a developer SRS. But, You're right. For a single property utility installation is cheap I much more so meant installing utilities on 10 acres or say 50 acres not .25 LOL. SRS

If you can't get a loan for 50k I would just ROPE srs. Yeah, it does help to own the land if you plan on developing it that is like financing the finance like at a certain point you're just overextending yourself and the BANK doesn't wanna take a risk on you BEING so retarded.

SRS.

Also on what OP said that is VASTLY true with the type of developing you wanna do UNLESS you're doing it on a big scale or in a SUPER hot area you can get better returns elsewhere. It doesn't make sense especially if you don't even own a contracting company. I mean just lol SRS.
I know it sounds so ambiguous but, a good team with reliable connections makes a huge difference in quality and cost.

I think that’s why contracting and construction is such a unique niche industry where it exponentially helps to “know” people
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post 1642060773 07-02-2021, 04:37 PM
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Originally Posted By ashin1⏩
More antics from the mentally deranged.

Debt free crew and would rather look at life with an abundance mentality rather than scarcity mindset.



I know it sounds so ambiguous but, a good team with reliable connections makes a huge difference in quality and cost.

I think that’s why contracting and construction is such a unique niche industry where it exponentially helps to “know” people
You understand that if they give you a quote to make a profit that limits the profit you can make because you're paying a premium since you're just a customercuck and not a REAL constructionMOGGGER. I would rather own the company again and probably will in a few years but I don't like repeating myself.

IMAGINE thinking you're a big baller when ALL you have is money and PAYING another man to do what you want because YOU'RE a nobody SRS.
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post 1642060993 07-02-2021, 04:42 PM
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Originally Posted By Realclout⏩
You understand that if they give you a quote to make a profit that limits the profit you can make because you're paying a premium since you're just a customercuck and not a REAL constructionMOGGGER. I would rather own the company again and probably will in a few years but I don't like repeating myself.

IMAGINE thinking you're a big baller when ALL you have is money and PAYING another man to do what you want because YOU'RE a nobody SRS.
Tbh contracting is stressful and a service worth paying for

Knowing people just gives an investor a much better peace of mind
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post 1642061223 07-02-2021, 04:46 PM
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Originally Posted By ashin1⏩
Tbh contracting is stressful and a service worth paying for

Knowing people just gives an investor a much better peace of mind
I dunno, I think I would really enjoy it LITERALLY one of the easiest businesses to manager and lowest overhead and largest potential for growth. Better then a lot of stuff I see in my initial price range obviously over time WAY more things open up but I gotta start somewhere.

I always do things myself anyway I am pretty handy and HATE paying another man to do chit and OVERCHARGE me like some pencilNECK loser. SRS.
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

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Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
post 1642062083 07-02-2021, 05:07 PM
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Originally Posted By ashin1⏩
Vacant land with utilities just on the outskirts of Alberta’s capital city are selling for $200k
is this a big deal in Canada? vacant lots with utilities?

huh

just fuking avoid investing in real estate in that fuking country, the bubble is fuking blown up
post 1642064753 07-02-2021, 06:10 PM
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Originally Posted By Beast92⏩
is this a big deal in Canada? vacant lots with utilities?

huh

just fuking avoid investing in real estate in that fuking country, the bubble is fuking blown up
There’s a reason why Canada is a big country with all this space.

Government needs to ease off their involvement with development and because of administrative fees and hoops you gotta jump through they stifle growth so much
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