Are you searching for a luxurious property in one of Edmonton's most prestigious neighborhoods? Look no further than this stunning half duplex located in the heart of Bearspaw, just moments from natural beauty and amenities.

Introducing 1061 109 Street in the Breckenridge Community of Bearspaw.

Grand Entrance and Open Concept Living

From the moment you step through the front entrance, you'll be wowed by the elegant open staircase and soaring ceilings in the living room. Curl up by the cozy wood fireplace and enjoy the abundance of natural light flooding the space. The large kitchen features brand new countertops, convenient island, and spacious eating area—perfect for entertaining friends and family.

Luxurious Master Suite and Additional Bedrooms

The main floor master suite is a true retreat, with a stunning 6pc ensuite, complete with jacuzzi and two person rain shower. On the upper floor you will find an additional bedroom, a loft space/bonus room providing ample room for relaxation or customization to suit your needs. The unfinished basement offers over 1,000 square feet of potential living space.

Outdoor Oasis and Unbeatable Location

Outside, enjoy your private south facing backyard oasis, complete with new composite decking and raised flower boxes.  This home has been meticulously maintained with newer shingles, windows, flooring, and a fresh coat of paint throughout. Located just moments from an off-leash dog park, LRT, shopping, and with quick access to the University of Alberta and Henday, this location can't be beat.

Why Wait? Make This Luxury Home Yours

With condo fees covering water and sewer, this stunning property offers an unparalleled opportunity for luxury living and its Pet Friendly! Schedule a showing today—your dream home awaits!

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Discover the Magic of Edmonton's Lake Country

Welcome to the enchanting world of Edmonton lake country! Our journey spans the azure waters of Lake Wabamun, the tranquil settings of Lac St Anne, the scenic beauty of Lake Isle, the quaint charm of Jackfish and the peaceful vibe of Spring Lake. These are not just locations, but vibrant communities, each with its unique lifestyle and allure.

The only way to truly explore this lake country is to be mobile, and that's where we come in. We're always on the move in these areas, keeping our fingers on the pulse of the latest listings and sales. We're your local area experts, and we've been proudly serving this region since 2012.

Your Trusted Guides to Lake Living

Meet Charlene Anderson and Kelvin VanDasselaar, your real estate tour guides and recreational property experts. With over 20 years of high-performance results in the Edmonton Real Estate industry, they bring an unparalleled depth of knowledge and experience to the table. They've lived the lake lifestyle and know first-hand how rewarding it can be. They're here to show you how lake or recreational living can enhance your life and your family's!

Lake Living: A Lifestyle Choice

When it comes to lake living, it's more than just real estate. It's a lifestyle choice. It's about celebrating life in a way you never thought possible. Imagine a life free from the constant buzz of the city, with clean air, quality friendships, and a chance to reconnect with nature. This isn't just an indulgence, it's a treat to the senses!

The Perks of Lake Living

The perks of lake living are manifold. From land and water recreation to quality time on your deck or a leisurely walk in your community, every moment is an enjoyable experience. And if you're an outdoor enthusiast with an RV or recreational vehicle, your lake property will only add to your lifestyle.

Recreational Options Abound

In Edmonton's lake communities, recreational options are never in short supply. Here are just a few of the activities you can enjoy:

- Golfing at no less than 7 quality courses

- Camping at picturesque campsites

- Dining at local restaurants

- Participating in vibrant festivals

- Shopping at Farmer’s Markets

- Boating on serene waters

- Fishing in both streams and lakes

- Snowmobiling in winter seasons

- Cross Country Skiing

Ready to Experience Lake Living?

Are you ready to discover what you've been missing? Embrace the lake living lifestyle and see the transformation in you. Lake living is more than a home, it's a lifestyle, and one that you and your family will surely love.

If you're curious about lake living and want to explore the possibilities, we'd love to hear from you. Simply give us a call at 780-991-5107 or fill out our Buyer Lifestyle Survey. Your journey to a new lifestyle begins here!

Remember, lake living is not just a property investment. It's an investment in a lifestyle – a lifestyle of celebration, indulgence, and connection with nature. So why wait? Take the plunge into lake living today!

Contact Edmonton Lake Property TODAY!

We are a collective of professionals, driven by a common purpose to exceed the expectations of the clients we serve. With a unique approach to real estate, we provide an high level of service and advice that genuinely puts our clients' interests first.

Iconic YEG: A Different Kind of Real Estate Team

In an industry often defined by sales figures, Iconic YEG chooses a different path. We are not salespeople but professionals dedicated to protecting, advocating, and consulting with our clients. Our motivation is grounded in three core principles that guide every interaction:

• Character over Reputation

• Service over Sales

• Integrity over Revenue

A Full Spectrum of Services Tailored to Clients' Needs

At Iconic YEG, we understand that real estate is more than just transactions—it's about making informed decisions that positively impact your life. Our range of services cater to every step of this journey.

Home Buyers Service

Buying a home is one of the biggest decisions you'll ever make. Our dedicated team guides you through every step, ensuring you understand all aspects of your purchase.

Selling Your Property

Edmonton's real estate market can be complex and dynamic. Our team strives to ensure your home is sold for the best price and terms, in the shortest possible time.

New Developments

Our extensive experience and connections in the industry enable us to assemble a top-notch team to market, sell, or lease your development. We can help you analyze the market, create effective marketing strategies, and execute them successfully.

Rental Services

Whether you're looking to rent out your home or find a new one in Edmonton, our team of experts is here to help. From house rentals to apartments, we've got you covered.

Looking Forward: Iconic YEG's Goals for 2024

As we look towards the future, the core of our strategy remains the same—putting our clients and employees first. Here are our goals for 2024:

1. Prioritize customer and employee satisfaction above all else.

2. Embrace uniqueness to gain a competitive edge.

3. Strive for excellence, never settling for mere acceptable.

4. Invest in hiring and training the best talent.

6. Foster strong partnerships.

7. Leverage technology to enhance the customer experience.

8. Grow smart, keeping our core values at heart.

The Importance of Repeat Business

At Iconic YEG, we understand that retaining customers is more cost-effective than acquiring new ones. Building personal relationships with our clients is paramount to ensuring their satisfaction and loyalty.

Delivering Unmatched Service, Every Time

Our commitment to service extends to every touchpoint with our clients, from the initial phone call to the follow-up after closing a deal. We focus on six attributes that greatly influence customer satisfaction:

1. Courtesy

2. Professionalism

3. Timeliness of service

4. Treatment as a valued customer

5. Quality of Information

6. Efficiency of transactions

Our Approach to Strategic Partnerships

We believe that strategic partnerships are crucial to our success. We ensure that these relationships are mutually beneficial and foster honest, open communication. We never rest on our past achievements and continuously seek ways to improve our value within our partnerships.

Our Core Values

At Iconic YEG, our brand is our most valuable asset, and it's built on:

1. Personal honesty and integrity

2. Exceptional customer service

5. Listening to our customers and each other

6. Strengthening our communities

At Iconic YEG, we don't just sell homes—we build relationships based on trust, integrity, and exceptional service. We're ready to help you navigate the Edmonton real estate market with confidence and peace of mind. Contact us today to experience the Iconic YEG difference.

Welcome to a revolutionary leasing experience where we prioritize you and your needs. As real estate leasing becomes increasingly competitive, our unique ICONIC approach sets us apart. Join us to boost your lease-up rates and stand out in the crowd.

An Experience Tailored For You

At the heart of ICONIC lies the principle of personalization. Our acronym stands for Inform, Connect, Observe, Nurture, Impress, and Convert, together forming a clear pathway to successful leasing. Our focus? Building meaningful relationships with potential tenants. We're about more than just selling properties; we're about understanding your housing needs and crafting custom solutions to address them.

Harnessing the Power of Technology

We utilize cutting-edge technology to enhance your leasing experience. With ICONIC, enjoy the benefits of automated lead management systems and experience the convenience of virtual property tours. Our AI-powered chatbots can answer your queries instantly, while our responsive website design ensures you can connect with us anytime, anywhere.

Stay Connected With Us

In this digital age, we understand the power of social media. Our robust social media strategy features active engagement with our followers, relevant content sharing, and showcasing our managed properties. Join our online community and stay updated with the latest from ICONIC.

Openness and Transparency

We uphold a high degree of transparency throughout the leasing process. You'll be kept in the loop about any developments, and we ensure complete disclosure on all elements of your lease agreement. Trust, after all, is the foundation of every great relationship.

Continual Improvement for Ultimate Satisfaction

As the market evolves, so do we. We conduct regular research to keep abreast of industry trends and leverage data for informed decision making. Our unwavering commitment to improvement enables us to remain competitive and always deliver the best.

Wrapping Up

The ICONIC approach is all about revolutionizing your leasing experience. We merge personalized service, advanced technology, social media engagement, transparency, and continuous improvement to streamline your leasing journey. Discover the ICONIC difference today and enjoy a higher occupancy rate, happier living experiences, and increased revenue. Experience leasing like never before!

In the world of property development and management, tenant trust and engagement play pivotal roles in maintaining a stable and profitable operation. When these two factors are low, the negative impact on turnover rates can be significant.

Trust: The Foundation of Tenant Retention

Trust is the cornerstone of any relationship, and the landlord-tenant relationship is no exception. When tenants feel that their landlords are honest, reliable, and responsive, they are more likely to stay in their homes for a longer period. Conversely, low tenant trust, resulting from poor communication, lack of transparency, or unmet promises, can drive tenants to search for housing options where they feel more valued and secure.

Engagement: An Essential Ingredient for Tenant Satisfaction

Beyond trust, engagement is another crucial factor for tenant retention. If tenants feel disconnected or neglected, they may become less invested in their homes, leading to higher turnover rates. Effective engagement involves regular communication about property updates, addressing tenant concerns promptly, and creating a sense of community among the residents.

High Turnover: The Consequence of Neglecting Trust and Engagement

High turnover rates, while seemingly just a fact of life in property management, can be a troubling sign of underlying issues—often traced back to low tenant trust and engagement. Turnover comes with substantial costs: lost rental income, increased marketing expenses, more time and resources spent on tenant screening and move-in/move-out processes. Moreover, high turnover can negatively impact a property's reputation, making it more challenging to attract and retain quality tenants.

In conclusion, fostering tenant trust and engagement is a strategic move for property managers aiming to minimize turnover. By focusing on these areas, not only can they enhance their tenants' living experience, but they can also strengthen their business's bottom line.

Have questions about strategies to improve Tenant Satisfaction?  Contact Iconic YEG Today.

As we approach the end of the year, I'd like to share some interesting statistics and insights that will help you navigate the Edmonton real estate market in 2024. According to the current data, over 35% of homes that came to the market in 2023 did not sell. Surprising, isn't it? But fear not, we have solutions! The Iconic Real Estate Team wants to ensure you're not among that statistic. The Edmonton real estate market forecast for 2024 is quite promising; however as a potential seller, it's crucial to understand how to avoid falling into the category of unsold homes.

Here at Iconic YEG, we have compiled important tips to help you navigate the 2024 Edmonton Real Estate market successfully.

Understanding the Importance of Timing

Did you know that May was the month with the most homes sold in 2023? This fact highlights the need for a strategic selling plan before the end of January. Most homeowners often wait until spring to consider selling, but in reality, plenty of buyers are out shopping during the colder months and there is less competition on the market.

GET A FREE HOME EVALUATION AND COMPLEMENTARY STRATEGIC PLAN NOW

Emphasizing Strategy

Edmonton, Alberta, is set to become a national destination for migration due to its strong economy. With an expected increase in housing demand, it's crucial to have a strategy to attract out-of-province buyers. Iconic YEG provides all our sellers with custom strategies relating to Buyer Demographics, Marketing Impact Initiatives, and more. What makes your home standout and how do you get that message to a high volume of buyers?  We have a plan for you, contact us to get started.

Preparation: The Key to Successful Selling

Proper preparation can significantly enhance your home's appeal. Iconic YEG guides you through each step of the preparation process, ensuring your home is primed for the market.  Click here for more tips on preparing your home for sale.

The Value of Marketing with the Right Realtor

At ICONIC YEG, we understand the importance of marketing your home effectively. We invest heavily in top Real Estate photographers, stagers, and more to ensure maximum traffic on your listing, both on the internet and local community fronts.

Understanding Pricing and Competition

Pricing your home correctly is often the make-or-break moment of the selling process. We use up-to-date data and in-depth knowledge of the Edmonton market to ensure your property is priced accurately. This way, you can confidently negotiate with buyers and get the price you deserve.

About ICONIC YEG

Iconic YEG isn't your average real estate team. We're a collective of professionals who share the same values and are driven by a common purpose - to enhance the expectations of the clients we serve. We're not salespeople; we're professionals who strive to learn more each day, so we can help our clients make informed and favorable real estate decisions.

Our Services

Whether you're looking to buy or sell, need assistance with new developments or rental services, our team of experts is here to help. We ensure a personalized, dedicated service ensuring your real estate journey is successful

Let's Move Forward Together

If you are considering selling your home in 2024, your home selling journey starts here. Let's make it a successful one. Book a consultation with ICONIC YEG before the end of January and get started on your successful home selling journey.

SCHEDULE NOW

As we round out the year, real estate enthusiasts are keen to review the year that was and forecast what 2024 may bring for the Edmonton real estate market. From population increases to interest rate changes and property prices, let's delve into the details and explore the likely trends for the coming year.

Highlights of the 2023 Edmonton Real Estate Market

Despite the global uncertainties, Edmonton's real estate market experienced significant developments in 2023. Key highlights include a 3.5% increase in Edmonton’s population, with more than 45,000 people migrating to Alberta within a three-month period alone. The Bank of Canada interest rates rose 75 basis points in 2023 to 5.0%, impacting mortgage affordability.

In terms of property prices, the average selling price for a single-detached home was $479,000, for a semi-detached home $362,000, for a townhouse $271,000, and for a condo $172,000*. (*Average as of November 2023 for the Greater Edmonton Area.)

The market for single-family homes priced under $500,000 remained hot, and this trend is expected to continue into 2024 due to high demand and limited supply.

Edmonton Real Estate Forecast for 2024

As we look ahead, we foresee some key trends that will shape the Edmonton real estate market in 2024:

Interest Rate Cut Expected

Experts predict a slight cut in interest rates in 2024 by the Bank of Canada. However, the impact won’t be too dramatic even in Edmonton, which continues to be one of the most affordable markets in Canada.

Continued Migration to Alberta

The strong Alberta economy is expected to continue attracting newcomers, driving population increases, and hence housing demand, particularly in more affordable Edmonton compared to Calgary.

First-Time Buyers and Investors Still Driving Market

First-time buyers and investors are expected to continue to dominate the market, particularly for condos, semi-detached homes, and single-family homes in the under-$500,000 range. This could potentially shift the Edmonton market to a seller’s market during the peak sales months of 2024.

Residential Prices Expected to Increase

While the average Edmonton sale price decreased by 4.3% from 2022 to 2023, an increase of about 4% is predicted for 2024. Home sales transactions, on the other hand, are expected to decrease by about 5% in 2024.

2024 Outlook: A Favourable Forecast for Edmonton

The Edmonton real estate market forecast for 2024 is quite promising. A robust provincial economy, continued population growth, and a possible interest rate cut by the Bank of Canada will all contribute to a stable property market.

Edmonton’s affordable property market has attracted a wave of inter-provincial migration, with approximately 40,000 new residents in 2022 alone. This trend is expected to continue into 2024, bolstering demand, particularly for homes under $500,000.

However, affordability concerns due to high mortgage rates may continue to impact the market, particularly in the $600,000+ range, limiting the buying power of move-up buyers.

With all these factors at play, the next six to nine months may present a unique window of opportunity for potential buyers, particularly those from outside the province, to secure affordable properties in Edmonton. The city's affordability, in comparison to other major Canadian markets such as Toronto, makes it an attractive investment opportunity that may not last much longer.

As we look to 2024, we’re excited to see what the Edmonton real estate market will bring. Whether you're a first-time buyer, an investor, or a homeowner looking to sell, it's vital to stay informed about these market trends to make the best possible decisions. After all, as we always say, those who refuse to settle for the ordinary deserve the best.

Want to know more and discuss your 2024 strategies?  Contact us today

Are you considering selling your Edmonton home this winter? Many prospective sellers hesitate due to misconceptions about seasonal real estate trends. With the right preparation, understanding of market forces, and insight — even in colder months — homeowners can still achieve a successful sale! Read on to learn how you can enter the winter Edmonton real estate market with confidence and find success as a seller.

Debunking Winter Real Estate Myths

Myth #1: Nobody Buys During the Winter

Contrary to popular belief, plenty of buyers are out shopping during the colder months. In fact, Iconic YEG's busiest month for Edmonton real estate sales is February as there is little competition with other homes as most sellers decide to list in May causing a major influx in available homes and increasing sellers competition for a buyer. People who are looking for a home during the winter may be more motivated, ensuring that you have a strong pool of interested parties.

Myth #2: Houses Don't Show Well in Winter

Winter may not be the most picturesque season, but some homes shine even more in the winter months. With the right staging, lighting, and a cozy atmosphere, potential buyers can easily envision themselves living in your warm, inviting home. The key is to make sure your property is well-maintained, cleaned, and bright to attract potential buyers.

The Benefits of Selling in Winter

• Less Competition: With fewer homes on the market, buyers may be more likely to consider your property. This competition can potentially result in a quicker sale or even multiple offers.

• Serious Buyers: Winter homebuyers tend to be more serious about making a purchase, as they're likely facing some sort of deadline (e.g., job relocation, family growth, etc.).

• More Real Estate Attention: Your Realtor may have more time to dedicate to your sale, as the market typically slows down during the winter months.

Tips for Selling Your Home During Winter

1. Maintain Curb Appeal: Keep walkways and driveways clear of snow and ice. Ensure your home is well-lit, both inside and out, to impress potential buyers. Remember, first impressions count!

2. Stage for Winter: Create a cozy atmosphere with warm, inviting decor. Use soft lighting, blankets, and candles to showcase your home's comfort during winter.

3. Ensure Home Performance: Before listing your home, make sure that it is energy-efficient and performs well during the winter months. This will be highly appealing to potential buyers who want to keep heating costs down.

4. Highlight Winter Features: If your home has features that are especially appealing during the winter, such as a fireplace or hot tub, make sure they are clean and well-maintained to show buyers.

5. Work with an Experienced Realtor: Choose ICONIC YEG who has experience in the winter Edmonton market to provide valuable guidance and insight on making the most of a winter home sale.

Don't let the winter months dissuade you from selling your Edmonton home. By debunking common myths, understanding the benefits, and implementing the right strategies, homeowners can successfully navigate the winter real estate market. So, bundle up, and get ready to make that sale!

The Resilience of Edmonton's Rental Market in 2023

Despite the global economic turbulence caused by the pandemic, Edmonton's rental market has shown remarkable resilience. The city's vacancy rate for purpose-built rental apartments dropped significantly from 7.3% in October 2021 to just 4.3% in October 2023. This shift reflects a tangible growth in rental demand, outpacing increases in supply, spurred by improved labour market conditions and record net international and interprovincial migration.

Edmonton's rental universe is expanding at a pace higher than any previous decade, offering investors in the real estate sector a wealth of opportunities. This growth, coupled with modest increases in same-sample apartment rents in 2023, has placed upward pressure on rent levels.

Alberta's Economic Rebound and its Impact on Edmonton's Rental Market

A strong post-pandemic recovery and high commodity prices have driven a sharp economic rebound in Alberta, benefiting the Edmonton Census Metropolitan Area (CMA). As of October 2022, total employment in the Edmonton CMA improved by 3% compared to the previous year, and full-time employment was up by 4%, both surpassing pre-pandemic levels.

This broader labour market improvement was accompanied by gains in employment among key cohorts driving rental demand, particularly among people aged 15 to 24. Additionally, the job vacancy rate in the Edmonton CMA increased to 4.6% as of the second quarter of 2022, a rate unseen since early 2015.

In-Migration Boosts Rental Demand

Rental demand was bolstered by provincial in-migration, with a record high recorded in the second quarter of 2022. Approximately half of international migrants in the second quarter were non-permanent residents, indicating a potential rise in student rental demand.

Net interprovincial migration into Alberta also returned to peak levels unseen since 2012/13. Together, these migration trends contributed significantly to the strong growth in rental demand, leading to a decline in the vacancy rate.

Changing Market Conditions and Rental Trends

Despite significant new additions to supply, vacancy rates across all apartment types declined, reflecting the robust rental demand. The tightening rental market was also marked by a 1.5% increase in same-sample apartment rents from the previous year.

Landlords have been using incentives such as free rent periods, reduced pricing for cable and Internet services, and move-in bonuses to attract potential tenants. However, the use of such incentives has become less prevalent as market conditions stabilize.

Impact of Inflation and Housing Affordability

Higher inflation over the past year has impacted household budgets, leading to increased competition for affordable units. If vacancy rates decline further, affordable housing could become a significant concern, particularly for those in the lowest income quintile.

Condominium Rental Apartments and the Cost of Ownership

While the vacancy rate for condominium rental apartments remained statistically unchanged in 2022, the average rent for a condominium apartment was $1,272, representing an average premium of $78 relative to the purpose-built rental market.

The gap between the cost of ownership and renting has grown due to rising mortgage rates. Consequently, existing tenants may choose to remain in their rental units longer before moving to home ownership, adding to rental demand.

Alberta: A Feast for Yield-Hungry Residential Rental Investors

With rising demand, relatively low per-door prices, and no rent controls, Alberta is shaping up to be Canada's top market for residential rental investors. Edmonton, in particular, is emerging as an attractive investment hub for landlords and investors.

Edmonton: A City of Opportunity in the Long Run

Edmonton's rental market potential is being recognized by investors and immigrants alike. The city's high in-migration rates are expected to continue to drive housing prices upward. Notably, older apartment buildings in Edmonton are trading at around $120,000 to $150,000 per door, making the city more opportunistic in the long run.

As of October 2023, the average rent for a 4-bedroom apartment in Edmonton is $2,000, marking a 3% increase compared to the previous year. Further, landlords who rent their units furnished can expect to benefit more, particularly for short-term rentals.

Conclusion

Edmonton's robust rental market and Alberta's economic rebound create a compelling case for investment in the province's real estate sector. As Edmonton continues to attract a steady stream of migrants and investors, the city's rental market is poised for further growth, signaling exciting times ahead for Alberta's real estate sector.

Are you intrigued by the allure of a historical home, craving the sense of character that new builds simply can't replicate? Are you on the hunt for an infill property that allows you the creative liberty to make a space truly your own? Or perhaps you're an opportunistic handyman, always on the lookout for a new project to sink your tools into. If any of these sound like you, then we've got a property that you're going to love.

Introducing an Iconic Historical Home in Edmonton

Nestled in Edmonton's bustling core, this iconic historical home is a gem just waiting to be polished. 11324 92 Street is perfect for anyone who appreciates the charm of historic architecture, but still wants the convenience of city living. With RF3 zoning, this property offers the unique opportunity for any savvy buyer or investor.

Location, Location, Location

The property's location is nothing short of prime. Just a few blocks away are the Commonwealth Stadium and the Joe Clarke Athletic Grounds, offering plenty of opportunities to catch a game, or simply enjoy the outdoors. For fitness enthusiasts, the Commonwealth Community Recreation Center is close at hand, complete with a pool, gym, and basketball court.

If you're a commuter, you'll appreciate the proximity to the Stadium LRT Station, making your morning commute a breeze. Being close to downtown also ensures easy access to major transportation routes, making this property a convenient hub no matter where you're headed.

Character and Convenience

This home boasts three bedrooms and two baths, offering plenty of space for families, couples, or roommates. For those in need of a little extra space.

Despite its historic charm, the property doesn't skimp on modern necessities. With a newer mechanical system, 100 Amp Service, NEW roof and updated furnace you can rest assured that the home is up-to-date.

Outdoor Features

For those who value outdoor space, this property doesn't disappoint. A private fenced yard offers an ideal space for children to play, pets to roam, or simply to enjoy a quiet cup of coffee in the morning. The property also features a newer oversized double detached garage, perfect for storing vehicles, tools, or even setting up a workshop.

Unleash Your Inner Handyman

While this property is a fantastic opportunity for those who enjoy DIY projects. With a bit of TLC, you can restore this historic home to its former glory while adding your own personal touch. Whether you're a seasoned renovator or a handyman-in-the-making, this home offers the perfect project to immerse yourself in.

A Historic Home Awaits

This iconic historical home in the heart of Edmonton could be the perfect property for you. With its unbeatable location, unique features, and potential for personalization, it's an opportunity not to be missed. Whether you're looking to invest, find a family home, or embark on a new project, this property offers something for everyone. Unleash your creativity and make this historic home your own.

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