How Much Can $1 Million Get You In Canadian The Luxury Condo Market?

Tue, 27 May by The Paranych Team

Edmonton Luxury Condos: Get More For Less!

canada-condo-market-infographic

Courtesy of: Buzz Buzz Home

Edmonton’s weather isn’t the only thing heating up! The Luxury real estate market has been on an upward trend since the better half of last year. Whether its large estate homes, or exclusive luxury condos in Downtown Edmonton, the demand is there and our market is responding to it. But not everyone who can buy a million dollar property, has taken the step towards luxury homeownership— especially when it comes to Edmonton’s luxury condos. If you’re still on the fence about entering the luxury real estate market, you will be happy to know you can get a lot for a cool 1 million. In fact you can get more in Edmonton than you would in almost any other major Canadian city!

BuzzBuzz Home compared 14 different cities across the country to see how much a $1 million new condo budget could get a buyer. The results are astonishing and let me tell you folks, the numbers don’t lie. Edmonton came in second to Quebec City at a 3773 square foot condo for $1 million. That works out to about $318.74 per square foot! It’s certainly a lot more than you’ll get in Vancouver— where a million dollars gets you a 1539 square foot condo.

For example: this 2 storey high rise Downtown Edmonton luxury condo overlooks the North Saskatchewan River and Victoria Park Golf Course. At over 2,200 square feet, its asking price is $989,000. A million dollars may not get you much in other places, but in Edmonton’s luxury real estate market it can get you the perfect pace to call home.

Are you looking to buy or sell luxury real estate in the Capital City? Look no further than Paranych Luxury! Rob Halabi.

Luxury Wine Storage Places

Fri, 19 Apr by The Paranych Team

Recently we read an article on 10 Wonderful Wine Storage Spaces, and were blown away by what happens when creativity collides with the love of wine. Some of these Luxury Wine Storages are intricately designed to boast inspiration, originality, and architectural beauty. We have included our personal favorites below, which you too can incorporate into your Luxury Edmonton Home.

Luxury Wine Storage

Not all Luxury Wine Storages have the ambiance of a dungeon. The key to nurturing your wine hobby is to understand the space you have available. Next, you want to consider the design – for a special touch add backlit shelving. For easy access to your fermented friends, consider adding a wine storage under the stairs of your Luxury Edmonton Home.

Edmonton Community Spotlight: Ambleside

Thu, 28 Feb by The Paranych Team
Ambleside-map1

Photo by: Mastermaq

Found in the luxurious Windermere area, Ambleside is a chic southwest Edmonton neighbourhood. The community blends classic elegance, modern style and country charm, with a city convenience in a magnificent atmosphere. North of Ambleside is the Anthony Henday Drive, so residents are close to major amenities. Since its inception, Ambleside has grown in popularity among Edmontonians. Currently, it boasts a population of 10,800 residents in over 4,500 homes.

Houses in the area include beautiful single-family homes, apartment complexes, townhouses, rowhouses and breathtaking estate triplex. Ambleside also has residential areas solely for adult living. With the wide variety of homes available the community appeals to families, first-time home buyers, or retirees. Ambleside has been carefully developed to have a balanced rural feel with the incorporation of a city convenience. Many Ambleside homes come with lovely views of the ravine or streetscapes. The luxurious feel of this area and the architectural beauty and grace of its homes, make Ambleside a highly-sought after Edmonton neighbourhood. With the recent launch of a new phase, the area will soon see the development of 200 lots for single-family homes.

The community of Ambleside has numerous amenities and recreational options for its residents. It is situated a short distance from the Fairway Drive Community Police Station, Fire station and hospitals such as the Grey Nuns and the University of Alberta. Retail options can be found in the shopping plaza, Currents of Windermere, which is a short walk away. Currents of Windermere features a fully-licensed VIP Theatre, the first of its kind in Alberta. Further development of the commercial area near the community of Ambleside is expected. Homeowners can also access South Edmonton Common shopping plaza or the popular West Edmonton MAll through the Anthony Henday Drive.

Photo by: Mastermap

Living in Ambleside satisfies outdoor-enthusiasts and active residents alike. The community is surrounded by natural settings with a number of naturalized constructed ponds and a network of paths for walking, cycling or running. Nearby golf courses include: Windermere Golf and Country Club, Red Tail Landing, River Ridge Golf and Country Club. Recreational facilities such as the Terwillegar Rec Centre are a short drive away.

Nearby Schools:
Lillian Osborne High School | Esther Starkman School | Westbrook School | Vernon Barford School (Junior High) | Monsignor William Irwin Catholic School | Archbishop Joseph MacNeil Catholic School

Looking for a home in the community of Ambleside? Contact Rob Halabi today! Alternatively, you can also search Ambleside Homes for sale in Edmonton on our website.

Windermere Estates

Tue, 22 Jan by The Paranych Team

The bustling development of Windermere is located in the heart of Edmonton’s southwest. It’s communities are elegant, graceful and breathe life into the suburbs. Windermere lays east of the North Saskatchewan River Valley and is easily accessible by the popular Anthony Henday Drive. The area has experienced tremendous growth over the past five years and will continue to show signs of improvement in the years to come.

Windermere Community: Ambleside

Wintertime in the Windermere Community of Abmleside. Photo by: Master Maq

Windermere luxury homes feature architectural beauty, surrounded in a natural environment. They truly encompass the development’s name and “take one’s breath way.” Homes include: single detached houses, luxurious estates, duplexes and condominiums. There are currently six communities in Windermere: Ambleside, Langdale, River Pointe, Upper Windermere and Windermere North. With gracious lots overlooking the City of Edmonton’s River Valley landscape, residents enjoy living in a walkable and sustainable community. With the addition of the shopping plaza, Currents of Windermere, residents also have access to big-name businesses and commercial developments.

VIP Theatre

 

You don’t have to live in Windermere Estates to experience luxury and style. The Cineplex Odeon Windermere and VIP Cinemas is the first of its kind to open in Alberta. Luckily, Edmontonians have direct access to its amenities and can watch movies in style. The cinemas features:

  • 7 regular auditoriums
  • 1 UltraAVX auditorium
  • Large video archade
  • 3 VIP Cinemas

The VIP Theatre at Windermere is an out-of-this-world experience.
Photo by: QTTheory

What makes this movie theatre special is the UltraAVX and VIP Cinemas. Both are fully licensed for the 18+ crowd. They serve alcoholic beverages ranging from 8 oz glasses of wine, to movie themed drinks like the 007 cocktail. In addition to the alcohol, movie-fans experience larger and more comfortable seating with lots of legroom. Each seat also comes with movable tray tables, perfect for laying food and snacks on. Food options include Pizza 73, TCBY (The Country’s Best Yogurt) and Outtakes. Guests can order food or drinks for direct delivery to their VIP seat!

From the extensive arcade facility to the VIP auditoriums, this theatre gives Edmontonians something to be proud of.

Getting Your Luxury Home Ready for an Edmonton Winter

Thu, 29 Nov by The Paranych Team

There’s no denying it…winter has hit The City of Edmonton. Like most Canadian winters, the next three months will bring shorter days, colder nights, and an accumulation of snow on your driveway. Before the temperature drops even further and the windchill picks up, its important for home owners to make sure their Edmonton luxury homes are ready.

How is your furnace and heating system doing? When was the last time you dusted your baseboard heaters? Although seemingly small, these tasks are fundamental to maintaining a warm house during the upcoming cold snaps. Furnace filters should be cleaned once a month and replaced every three months. Keep in mind that all the repairs and maintenance will be worthless if air cannot circulate properly. So, make sure your heating vents are clear of obstructive furniture.

Want to make your Edmonton luxury home sparkle with Christmas decorations? Before you get caught up in the holiday decor, assure that your smoke and carbon monoxide detector are working properly. Both items should be approved by the Canadian Standards Association (CSA). Certification will be listed on the packaging. Testing your detectors regularly and changing the batteries often could save your family’s life. Also before decorating, assure that the extension cords you use are certified and free of any tears or cuts.

Do you have easy access to your home’s energy meter? To assure it is getting a clear and accurate reading, keep all obstacles cleared away. Items such as garden hoses, shovels and ladders should be moved before more snow falls and hides them. Keep a path cleared from the sidewalk to your meter and ensure that the gates leading to your meter are ice and snow free.
For more tips on preparing your home for the winter months visit our blog: Get Your Home Ready for an Edmonton Winter at Paranych.com.

Edmonton Luxury Homes Are Selling!

Sun, 20 May by The Paranych Team

The Luxury Real Estate Market in Edmonton is really taking off, both for residential homes and condos. According to RE/MAX “129 more high-end homes sold across the country in the first three months of 2012 compared with the same time last year”.

Recently, the Edmonton Journal featured an article about a $900,000 Condo Among Top Luxury Edmonton Real Estate.

To read the full article, visit Edmonton Journal’s website.

An increasing number of Canadians moved into the loft of luxury in the first three months of this year, a report released by ReMax on Tuesday shows.

The real estate franchise’s numbers show that 129 more high-end homes sold across the country in the first three months of 2012 compared with the same time last year.

That includes the single priciest condo sold this year in Edmonton, a 2,300-square-foot two-bedroom unit in the Carlisle building overlooking the river valley on 118th Street that cost $900,000.

The Multiple Listing Service catalogues a penthouse suite in the same building at $1.6 million.

The price of both combined make up one-sixth of the most expensive property currently listed in Edmonton, a palatial 5,000-square-foot mansion in Riverbend worth $15 million.

 

More Luxury Condos Selling in Alberta

Sat, 28 Jan by The Paranych Team

Calgary 8 Million Dollar Luxury CondoRecently The Vancouver Sun featured an article about a condo in Calgary that sold for $8.3 million! Edmonton’s high end condo market isn’t quite there yet, but with the revitalization of our Downtown area the market is certainly growing. Right now the Paranych Luxury Team is marketing a $1.1 million dollar Edmonton Penthouse property downtown in the brand new Quest condo building near Grant MacEwan’s campus.

With Edmonton’s growth, someday in the future we will also have luxury high rise properties like this fantastic feature property in Calgary.

To read the full article, visit The Vancouver Sun’s website.

Calgary condo sales have reached new heights after a luxury unit fetched a record $8.3 million, before construction has begun.

The 5,260-square-foot condo will cover the entire 12th floor of the 15-storey development called The River, located along the Elbow River, which flows through the southern portion of the city.

Already, more than $30 million in real estate has been spoken for in the project, which includes 38 residences — 27 units in the tower and 11 town houses.

Anne Clarke, director of sales for The River, said eight sales have been completed and three deals are pending.

“These (buyers) are business leaders. They are leaders in not only business, but in our community,” Clarke said.

Other sales in The River have included units for $5.7 million and $5.5 million.

The top-floor tower unit is listed at $9 million.

“It signifies we really do have a need for this type of product,” Clarke said.

The buyer of the $8.3-million condo was not identified, but is described as a longtime Calgary oil and gas executive.

The highest MLS condo sale previously in Calgary was $4.1 million in 2011.

The most ever paid for a single-family home was $10.3 million, in 2009.

The River concept is luxury estate condominiums that offer the benefits of an estate home without the challenges of security and maintenance, said Clarke.

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