New property listed in Zone 02, Edmonton

I have listed a new property at 7120 130 AVE in Edmonton.
Investors/developers/handymen or those looking for a starter home, come see the POTENTIAL of the 613m2 lot (55ftx120ft). Priced below the city assessed value. Open concept 1930 farm style home with addition in 1980, needs some TLC but very livable. Large kitchen and living spaces are bright and open. Main floor laundry. Some aesthetic upgrades like fresh paint, new hardwood upstairs, some bathroom fixtures and windows make a great starting point. The furnace/hot water tank were done in 2013 . A sump pump was added at that time as well. The huge yard is great for kids and is almost completely fenced in, has 2 decks, shed, small garden bed as well as a small apple tree, Saskatoon bush, Rhubarb and Horseradish plants. Drive way large enough for 3 vehicles or RV parking. Conveniently located close to 3 schools for elementary as well as 3 high schools, spray park, transit, shopping, leisure centres and access roads. The possibilities of this home are endless with some work today and for future development.

Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

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