Midtown

Reasons to Buy*

POPULATION
Edmonton is the second largest city in Alberta, and the fifth largest in Canada. Currently Edmonton is home to over 1.5 Million People and the population in the province is expected to grow by an additional 46% by 2046 – this will lead to increased demand for real estate resulting in higher pricing and rental rates.

BUSINESS & REAL ESTATE
Alberta as a whole is seen as a very lucrative place for both business and real estate investment. It is home to the LOWEST Tax Rates in the country. There is NO HST as there is No Provincial Sales Tax. The government is committed in investing $10 BILLION as an infrastructure package. On the real estate side, there are NO Land Transfer Taxes, NO Development Charges, and NO Rent Control. The region is open for business and is attracting businesses from not only the rest of the nation but the entire world. What this means for real estate is simple – more business = more people = a higher demand for real estate.

ECONOMY
The economy is BOOMING and just getting started! Alberta is one of the world’s largest oil producers with 99% of all produced oil currently being sold to JUST the United States and at market low prices. THE FIX – is the Trans Mountain Pipeline which will move oil through the Rockies to the West Coast for ocean exports to markets across the world and at Higher Pricing! This will create over $70 Billion in revenue for producers and over $45 Billion in revenue for the provincial and federal governments while bringing thousands of jobs to the sector.

At the same time, the region is transforming into a global tech hub and for good reason. It has one of the highest ratio of Science, Tech, Engineering & Mathematics graduates in the country. This is paving the path for Tech Startups and Multi-National Corporations opening up in the region. Not to mention the growing number of “Tech Unicorns” (companies valued at over $1 Billion). Combine that with the significant tax savings it’s no wonder why the economy is on such an uprise.

More Jobs – Better Economy = More Housing Needs & Increasing Real Estate Needs!

LOCATION
Featuring a highly desirable location St. Albert, a bustling little city located in northwest Edmonton. Making your way through the city can be done with incredible ease as the community is only minutes from Highway 216, seamlessly connecting commuters to Highways 2 & 16. Nearby shopping includes the exciting Enjoy Centre which is a unique multi-use facility featuring a greenhouse, spa, cafe & restaurant, whole foods, bakery, events department and more, all while a fantastic assortment of Big Box Stores, Restaurants, and Services are moments away. Residents will also be minutes from Edmonton’s downtown core and surrounded with numerous outdoor amenities including: Lois Hole Provincial Park, Riel Recreation Park, Lions Park, Red Willow Park, Lacombe Lake Park, Grosvenor Park and more!

MASTER-PLANNED COMMUNITY
Be a part of a Master-Planned community spanning over 45-acres of land! The community offers residents a fantastic assortment of amenities including:
• The Retreat – Perfect for morning yoga, afternoon reading and nighttime stargazing
• Growers Grove – a community garden designed to nurture healthy living, green thumbs and shared experiences
• Overlook Park – the green heart of Midtown and the natural centerpiece of its outdoor amenities
• Fetching Greens Dog Park – thoughtfully designed to encourage fetch, frisbee, community social interactions and play dates of the canine kind
• Red Willow Express Line – a linear park with panoramic views of Big Lake to the west. A naturally landscaped link between Midtown and Red Willow regional trail network. A convenient connection to greater St. Albert
• Midtown Commons – meandering walkways found throughout the community, where unique art installations and sculptures bring a sense of whimsy to your every excursion. Take a moment to reflect as you pass the intriguing form of up-and-coming local artist’s latest statement; each piece is a reminder that this is no ordinary community

REPUTABLE DEVELOPER
Averton is a highly reputable developer who for more than 60 years has built homes, created communities and managed construction projects in a wide variety of North American markets. Across three generations, Averton has developed thousands of acres of land, over 10,000 homes, and accrued an unmatched wealth of knowledge and expertise!

Quick Facts*

Developer: Averton
Address: Ray Gibbon Dr & LeClair Way, St. Albert, AB
Occupancy: December 2023 – December 2024
Pricing: Starting From The $400s
Home Types: Townhomes
Square Footage: 1,325 sq ft – 1,713 sq ft
Condo Fees: Starting at $140/month (Includes: Exclusive use / common area property and grounds maintenance, snow removal, waste removal and condominium insurance)
Deposit Structure: $10,000 on Signing // 5% Minus $10,000 in 30 Days // 5% in 120 Days // 2.5% in 240 Days // 2.5% in 375 Days
Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Free Mortgage Arrangements, 2 Year Lease Guarantee, Property Management Services (Reduced Monthly Fee / One Time Administration Fee), $0 Development Charges, Reduced Assignment, $0 Condo Fees for the 1st Year, Quartz Countertops (Kitchen & Bath), Stainless Steel Kitchen Appliances, Front Load Washer & Dryer (White)