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DIVERSIFY YOUR PORTFOLIO: 5 WAYS TO INVEST IN REAL ESTATE

QDO YOU HAVE ANY SUGGESTIONS ON HOW CAN I INCLUDE REAL ESTATE IN MY INVESTMENT PORTFOLIO?

Real estate offers many opportunities for investors seeking to grow their wealth and generate passive income. Whether you are a seasoned investor or just starting, here are five popular ways you can invest in the Calgary real estate market.

Purchasing A Rental Property

This is a tried-and-true method for generating consistent cash flow. However, you first must do thorough research to identify neighbourhoods and property types that are sought-after. Also, you should consider hiring a professional property management company to handle day-to-day tasks like finding tenants, collecting rent and managing maintenance. With the continued influx of people moving to Calgary and a shortage of homes available, rental properties are in high demand.

SHORT-TERM RENTALS

With the rise of platforms like Airbnb and VRBO, short-term rentals are increasingly popular ways to invest in real estate. It is imperative to make sure your property is designed, furnished and marketed in a way that maximizes your rental income and attracts a steady stream of visitors. Pay attention to local regulations and homeowners’ association rules, permits, licensing requirements or potential restrictions regarding this type of rental.

House Flipping

This involves purchasing a property, renovating it and then selling it quickly for a profit. Although it can be lucrative, it requires substantial experience and knowledge of construction, design and the real estate market. This is a risky strategy for novice investors since unexpected costs and market fluctuations can impact profitability.

HOLDING A PROPERTY FOR LONG-TERM APPRECIATION

The buy-and-hold strategy involves purchasing a property with the intention of holding on to it for an extended period of time. This approach takes patience and the ability to recognize a property and district with growth potential. I highly recommended using an agent to advise you on identifying promising opportunities.

PRE-CONSTRUCTION PURCHASE

Developers often offer attractive prices during this phase of a project to secure early buyers. This strategy can yield significant returns once the project is finished and demand for the product and the market value has increased. However, it is essential to research the developer’s track record, evaluate the location, and assess the market before making a pre-construction purchase.

There are various avenues for individuals seeking to build wealth and secure financial stability by investing in the Calgary real estate market. Each of these strategies comes with their own unique benefits and considerations. If you are considering investing in real estate, my team can provide expert advice, market insights and personalized strategies tailored to your goals.

TAKE THE FIRST STEP TOWARDS BUILDING YOUR WEALTH THROUGH REAL ESTATE.

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SYLVAN LAKE | $2,900,000

Luxurious Cape Cod-style lake house with stunning views, over 7000 sf of living space and spectacular outdoor areas on the edge of Sylvan Lake! With 7 bedrooms and a spacious bunk room, it is ideal for accommodating all your family and friends. The heart of the home is the classically appointed kitchen with a baking center and chef’s grade appliances. In addition to the generous dining area a cozy banquette and breakfast bar provide ample space to serve delicious meals. As you step into the bright and airy living room, you’ll be greeted by breathtaking views of the lake and a fireplace to warm you on chilly evenings. The primary bedroom is truly spectacular, and reminiscent of a luxury hotel suite featuring an ensuite clad in luxurious marble. The outdoor spaces include a dock, a boathouse, a sandy area for the kids to play, fire pit and screened in porch. Located just a short distance from the town of Sylvan Lake, you’ll have access to all the small-town charm and amenities that make summer weekends extra fun. Paddling, swimming, golfing, go-karting, or visiting the water park, there’s something for everyone to enjoy. Don’t miss this incredible opportunity to own a piece of lakeside paradise.

RICHMOND |

Environmentally friendly, energy efficient and effortless Scandinavian style in the heart of Marda Loop! Reduce your carbon footprint with this one-of-a-kind LEED platinum targeted architectural masterpiece. Every detail of this sustainable home has been carefully thought out from the geo-thermal heating to the 20 PV solar panels. The contemporary design incorporates reclaimed fir, cedar, structural steel and polished concrete resulting in a perfect marriage of natural materials and industrial elements. Warm yourself by the living room wood burning fireplace. Work quietly from the office nook. Cook health conscious meals from the contemporary kitchen on the induction cooktop. Host friends for dinner in the sunny south facing dining room. Retreat to one of the two second floor master suites, each containing a walk-in closet, ensuite and balcony. Watch your favourite movies in the basement media room, or convert this space into a guest room or gym if you prefer. Stroll down to the shops and restaurants of 33rd Avenue. This is the perfect pied-à-terre for an environmentally minded buyer who prioritizes sustainability and a commitment to a greener future.

This home situated on a quiet cul-de-sac with a large, west facing yard offers many desirable features including an unbeatable price. The sunny living room featuring a bay window creates a bright and inviting atmosphere. An efficient kitchen features wood cabinets and a large window overlooking the yard. The family room is a cozy retreat, complete with a brick fireplace, and the deck is just outside the sliding doors of the breakfast nook allowing for seamless indoor-outdoor living. Upstairs, the large primary bedroom has a peaked ceiling, a good-sized ensuite, and a walk-in closet. Two additional bedrooms on the upper level are perfectly sized for children or guests. Outside, the property’s large, pie-shaped yard is a standout feature and is surrounded by mature trees creating a sense of privacy. It’s just a 12 minute walk to the LRT and parks and playgrounds are nearby. Notable updates include the replacement of all poly-B piping in 2020 and a roof replacement in 2016. With its great price point this property presents an excellent investment opportunity or renovation potential for those looking to customize their living space.