c/edmonton-real-estate

Just heard a realtor talking about a house in Glenora that went for way over asking

I was grabbing coffee yesterday and overheard two agents at the next table. One said a place on 102nd Avenue in Glenora listed at $1.2 million got 12 offers and sold for over $1.5 million in three days. They said the buyers waived the inspection and everything. It made me think that if you're looking in those hot central areas, you might need to be ready to move crazy fast and make a really strong offer right now. Has anyone else seen this kind of bidding war on a place they wanted?

1 comments

margaretrivera•2d ago

Our new place in Mill Woods came with a 'fully finished' basement that wasn't

Closed on the house in January, and the first time we tried to use the basement shower, the drain backed up into the floor drain... Found out the previous owner did the plumbing himself and used the wrong size pipe for the whole wet bar and bathroom rough-in. Had to cut open a section of the new drywall to fix it, which cost about $800 more than we planned right after moving. Anyone else get stuck fixing hidden DIY work from a past owner?

2 comments

harperwright•2d ago

Saw a report that Edmonton's average condo price dropped 4.5% last quarter

I was reading the latest market update from the Realtors Association of Edmonton. It said the average condo price in the city fell to $205,000 from the previous quarter. Is this a good time to buy a condo as an investment, or should I wait longer?

2 comments

victorb51•2d ago

I used to think the Westmount area was overpriced until I saw a friend's place

I was at a barbecue at my buddy's house near 124th Street last weekend. He bought a bungalow there for $425,000 two years ago and just finished the basement himself. Walking around, I saw how close it is to the ravine trails and how quiet the street felt, even though it's central. Now I get why people pay more for that mix of location and character. What other central neighborhoods have you found that are worth a second look?

2 comments

kelly_hill•3d ago

I used to think a full basement suite was the only way to go for a rental property

For years, I was sure that buying a house with a full, separate basement suite was the smartest move for an investment property here. I figured the higher rent made it worth the extra cost and hassle. Then, a friend who manages a few properties in the Glenora area sat me down and said, 'You're limiting your buyer pool when you sell, and the rules are getting tighter every year.' She showed me the numbers on her legal garden suite in Ottewell, which cost less to build than a basement reno and appeals to a different kind of tenant. It made me look at things differently. I just bought a bungalow in Capilano with a big backyard, and I'm getting quotes for a backyard suite instead. Has anyone else gone this route and had a good experience with builders in the southeast?

2 comments

baker.ben•5d ago

Choosing between a 1970s bungalow in Bonnie Doon and a new condo downtown...

We had to pick between a fixer upper near the river valley for $450k and a brand new unit with fees. We went with the bungalow, and the first year has been a lot of work but we love the space. Anyone else face a similar old versus new choice here in the city?

3 comments

tessawood•6d ago

Student Works vs Millcreekpainters for a house flip?

We are prepping an older house for sale in YEG and need a full interior paint job ASAP to brighten it up. Student Works is coming in a bit cheaper, but Millcreekpainters seems more professional. Does anyone have thoughts on which way to go?

2 comments