Last year I helped Brent Davies (my Dad) start a series of tours for investors to help them get familiar with the Edmonton market and the different types of real estate which commonly make good investments. We also used it as a chance to get people out into some of the neighbourhoods that attract attention because they’re cheap, but also present serious risks to investors. (Like the Black Triangle of East Edmonton)

We’re kicking off 2011 with a new tour, covering some of the same topics but in new areas with new houses. We’ve switched to Sunday afternoons to fit people’s schedules a little better and to give us more time for analysis and when someone wants to write an offer.

We meet at a Tim Hortons’ near the properties we’re looking at, usually at 12 noon. Then we chat a bit, head off to look at 2-4 properties and head back for coffee and to look at the numbers. The tours are completely free, but pre-registration is required. You can pre-register by calling Chris (780-905-7562) or Brent (780-297-2810) or by using the contact form.

Here’s the schedule for the first few months of 2011:

• Feb 13 – Suited Properties
• Feb 27 – Single Family Homes
• Mar 13 – West Edmonton Townhomes
• Mar 27 – New Construction (Does it work for investment?)

We usually get 6-12 people out, so please give us a call as early as possible so we can make sure we’ve picked appropriate properties and we don’t get surprised by 30 people.

Picure Credit: Woody1778

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Knowing what a potential revenue property will rent for is the most important and most difficult part of establishing a rental portfolio that has positive cash-flow and creates serious passive income. To help out my clients, readers and all you investors, I’ve teamed up with several investors, Realtors and property managers to come up with some ballpark numbers which should help make your lives a little easier.

Here’s the basic info for you. A screenshot follows and you can download the whole report free of charge. You can signup to recieve future updates here.

There’s a significant variation between the different areas of Edmonton, and within the different property types. Here are the highlights.

• The survey receieved responses from companies and individuals managing 744 units, with specific data for properties rented out in the past 30 days. Some additional data has been gathered by conversations with property managers. There are still gaps, so if you can contribute to the next edition of this report, please feel free to contact me.
• The greatest variance is seen in 4-bedroom houses, from $1400-1800/month, likely owning to the wider variety of product quality.
• Apartments and Townhouses made up the largest classes of properties held by contributors.
• St Albert, the South, West and Millwoods seem to hold a $100-200 premium over comparable units in the North.

Thanks to Davies Management, Prestigious Properties, Avangarde Property Management, 911 Rent, Jason Scott at Urban Mortgage Edmonton, Rentex, Candema Property Management and Glenn Simon Inc..

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Sean came through again, with assistance from REIN. We got data on the year end average prices in Edmonton from 1987 until now. They’re broken out into single family dwellings (SFD), Condos, Townhouses and all other residential dwellings. 

Try clicking on the charts to see individual data points. You can download the whole thing here.

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