It’s investment time people! As mentioned in previous posts the Green Line is… well it’s kind of all over the place. The good news is that each step brings us closer to knowing what neighborhoods in Calgary will see new transit stations, and when!
With 14 out of the proposed 28 stations approved for the first phase of construction, we finally have some insight on how you can benefit from this multi-billion dollar construction deal. By December 2024, stage 1 will nearly be complete. That may seem like a long timeline but smart investors know that with each coming year, real estate prices will match the increase in demand for these sought after neighborhoods.
The question is, how can you get a piece of the deal? The ideal investment is a tricky one; you have to know what to look for.
You may think buying any old house in one of these neighborhoods will get you big bucks in the end, but you want your investment to have the highest potential return. Choosing a home closer to the proposed station will ultimately get you great pay day, but being too close means heavy traffic, noise, and the unavoidable construction that will make your property less desirable to potential renters and eventual buyers.
Type of Property:
To maximize a deal like this, investors should be looking for something that can produce multiple income streams. Basement suites, duplexes, or any potential building that can house more than 1 tenant is an asset. That doesn’t mean single family homes are out of the question completely. Try and find something with eventual redevelopment potential, or even a property that has an enlarged lot. Developers will be falling over each other to get what you have.
Ready to get started? See the map below for all approved Stage 1 stations.