Transportation & Edmonton Homes for Sale

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Buying Edmonton homes for sale may mean finding a new way of transportation. Whether you or your kids need more than one option for transportation, Edmonton is sure to accommodate such a need. It takes time to figure out how to get from point A to B in a new city. At RE/MAX Elite we want to ensure that you find the right method of transportation for your needs. A REALTOR® from our brokerage would be happy to help connect you with the right resources so your transition goes smoothly. Living in such a large city means there are tons of options to get around. Read below to discover some of the ways you can arrive at all of your daily destinations.

Public Transit Services

There are a variety of public transit services available to residents of Edmonton. Many of them will be similar to those in your previous hometown. Bus tickets and passes can be purchased at most convenience stores, drug stores, and grocery stores. For people looking only to ride once or twice per month, fees are paid in cash to the driver. The price is $3.25 and is valid for 90 minutes. You may also get a transfer if you wish to get on another bus during your route or transfer to the light rail transit system (LRT). Many people commuting in the city choose public transit as it negates the need to find parking. Using public transit is also a great way to save money. The same cost and purchase places apply to the LRT. Be sure to have proof of fare as you may be asked to provide it.

Driving & Parking when you live in Edmonton homes for sale.

Driving in Edmonton is very similar to other cities in Canada. However, Edmonton does have a multitude of one-way streets. Being mindful of road signs and conditions will ensure the safety of you and others as you drive in Edmonton. As for parking, be sure to download the EPark app to determine hourly rates and permitted parking areas. You can also find information about parking on the City of Edmonton website. Where and when you can park may change depending on the season, day, time, etc. It is always best to check so you don’t receive a ticket. Curbside parking and parking lot prices may vary as well. Currently, EPark zones are providing a free 30 minutes to help the economy recover as we exit the pandemic.
Cab & Uber

Another option for those looking for a more direct form of transportation is cabs and Ubers. These options are readily available throughout the city. Users may hail a cab from the street or phone one of many companies to be picked up. Those interested in uber can download the uber app or search and request a ride online. If you are using a third-party car service always check that the identity of the driver aligns with who shows up. It is also a good idea to let others know where you are headed. This way, you can avoid any unsafe scenarios. Fares do vary between operators and distance traveled.

Walking, Biking, & Other ways to get from Edmonton homes for sale.

If you live in proximity to the city, walking and biking are both environmental transit options. There are various bike paths and walkways to accommodate residents. They are safely designed to ensure the well-being of all pedestrians. By taking an E-bike or E-scooter citizens of Edmonton can help reduce emissions released by auto traffic. Walking, jogging or running are also great ways to maintain health and sustain the planet!

Contact us today to learn more about transportation near Edmonton homes for sale. We’d be happy to help you find the right way to get you where you need to go. Feel free to reach out with any questions you may have. We look forward to hearing from you 🙂

Edmonton Realtors & Real Estate Investing.

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Through real estate investing a person can make ample profit on their real estate investment. Edmonton Realtors know all about what makes a great investment, and all the ways in which you can make the greatest financial gain! If you’re a first time investor or simply looking to expand your portfolio, here are 5 different ways you can invest in real estate today!

Try a REIT.

One way to invest in real estate is by purchasing real estate investment trusts (REITs). Through an REIT, a person can channel their money into real estate without actually owning the physical property. Similar to a stock, they may be privately or publicly traded on an exchange. First time investors should be guided towards publicly traded REITs available for purchase through an online broker.

With the help of a REIT, a person can direct money into a property that wouldn’t normally be buyable without financial aid or great connections. For instance: malls, commercial office buildings, shopping centers etc. An REIT is a great option for those retired, as they are low maintenance and have high dividends. With a track record of success, even those with limited funding can buy into REITs. It should be noted that financial risk will increase or decrease depending on the type of REIT you purchase.

Real Estate Investment Groups.

A real estate investment group or REIG, is very similar to a REIT. If you want to invest in real estate, but aren’t keen on management and maintenance, REIGs are the way to go. Enjoy all the benefits of owning a property without the hassle of tenants and everything else that goes along with owning real estate.

When a company buys a property or develops a building, they will typically allow investors to purchase units within the building; thereby joining an REIG. Whoever owns the property will look after maintenance and tenants. Because of this, they take a cut of the rent paid. If a unit becomes vacant, many owners have plans in place to avoid turbulence and ensure revenue when a unit isn’t tenanted.

Edmonton Realtors Will Help You Find Rental Properties.

If you’d prefer to be the owner of the physical real estate, a rental property might be right for you. Alternative to REIGs and REITs, rental properties are much more participatory and require a great deal of time. Although you get to have full ownership of the property, it doesn’t come without hard work. As the sole proprietor, you must maintain the property, interview tenants, cover vacancies, deal with complaints, and much more. During slow months, it may be expensive to own this property type. However, there is potential for increased property value and a fairly steady income. Moreover, some of the costs associated with conducting rentals may be tax-deductible.

Flip a Home With Edmonton Realtors.

When it comes to flipping a home, investors look for a low valued property with the potential for a greater profit. It is a speculative investment that can quickly go south if the home is not finished and sold promptly. If the home does not get bought or completed, the owner will be left to pay another mortgage with no extra cash flow.

Renovating a home is a big process – especially when you’re in a time crunch. As a home flipper, the ideal turnaround time is six months. If you are an ex-construction worker or have worked in a similar occupation, your expertise will come in handy. Being able to accurately estimate cost and source materials at a reasonable price is essential in successfully flipping a home. Good design and marketing skills will also be of great use.

Short-Term Rentals.

Owning a property in a tourism rich city can be a gold-mine for short-term rentals. However, having several unknown guests can present issues. Be sure to take preventative measures and vet each visitor before accommodating their stay. It is also important to pay mind to guidelines and regulations surrounding short-term rentals in your area. Check with your Edmonton Realtor if you are unsure about the rules involved with conducting short-term rentals. This type of investment is a great way to make an additional income during peak tourism seasons.

Contact us at RE/MAX Elite today to learn more about real estate investing. Start building your investment portfolio today and contact one of our awesome Edmonton Realtors! We look forward to helping you make a profitable investment. Check out our Facebook for the latest updates and insider info!