Edmonton Condo Foreclosures for Sale

Included below are Edmonton Condo Foreclosures for sale. If you would like more information on any of these Edmonton Condo Foreclosures, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Edmonton Condo Foreclosures  come on the market.

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Should you buy a Condo Foreclosure? Here is what you need to know!

Edmonton condo foreclosures can provide investors with the opportunity to find great value in any market. However, there are also many different variables that factor in to whether or not a particular property turns out to be a fantastic bargain or a financial headache. Most condo foreclosures are sold as is, which means that the seller doesn't warrant the unit. Appliances also fall into that category, while condo documents are not provided by the seller either. Therefore, digging into the background of the building itself is of critical importance.

One of the first steps of investigating a potential condo foreclosure investment is finding when the condo insurance renewal occurs. A reserve fund study report happens every five years, which means there could be costly additional payments lurking on the horizon. Since the buyer has to pay for the condo documents if conditions are permitted, that can also add to the total cost. Additionally, the seller will not disclose if any special assessment has been addressed or if/when the building's next assesment is upcoming. Therefore, it is extemely important to pull the information statement which will identify the current condo fee, number of units, the reserve fund amount, legal action on the unit, the unit factor amount, and the current pet bylaws. 

Questions to ask before making an offer on an Edmonton Condo Foreclosure - Helpful Tips

In almost all areas of life, having the most information before making a big decision often is the difference between success or failure. In the Edmonton real estate market, making informed decisions based on solid facts and accurate information is what seperates those who find value or end up massively overpaying. Condo foreclosures can be especially tricky, as there are just so many potential unkowns that need to be investigated. First, make sure to find out whether or not a parking stall is included in the sale. If you find what looks to be a great bargain but end up having to pay hundreds of dollars a month for parking, that extra cost will add up fast. Next, if the property is titled, make sure that a realtor pulls the title to verify the unit. When buying a condo, be aware that it could easily have multiple titles - parking stalls, storage locker rooms, storage catches, etc. It is also imporant to see how many units are for sale, as some units may be priced differently depending on whether or not a special assesment was paid. Look up how many condos sold in the same building over the past 12 months, while also tracking how many condos didn't sell (expired or terminated outright). If the number of successful sales are high, that is obviously a very good sign about the overall quality of the rest of the building. If sales are not, there is almost always a reason why buyers are staying away. 

Calling the property manager to get additional information on the unit and building is also highly recommended. The same goes for asking other owners in the building about their experiences in the complex - most are more than happy to share both positive and negative experiences. Some basic investigative work on Google, Reddit, or Connect2Edmonton can also prove to be invaluable, as there are so many posts and threads releated to various buildings located all across the city that will give you direct access to an inside scoop. Finally, remember to inquire about any seemingly small details that could turn into major inconveniences down the road - things like securing necessary key fobs or Canada Post box access.

4k Honey Real Estate Team

Luxury Art Custom Home
Stunning brand new 2-storey home in the highly sought-after community of GRIESBACH. Fully fenced and landscaped with side entrance, double attached garage, 4 bedrooms, 3 full bathrooms and over 2600 sqft of living space. This extraordinary home, exudes timeless sophistication with luxury elements throughout. An entertainer's dream with open to below living room with feature fireplace and coffered ceiling. Additional oversized windows throughout the home, with black aluminum windows on the front. Chef's kitc
4K Infill Tour Honey Real Estate Team
Habitahomes Fully Finished Basement Side Entrances Fully Landscaped 12021 40 ST $435,000 12023 40 ST $450,000 (Legal Suite) Incredible Home Builder Book your showing today Call the Honey Team with Remax Excellence (780) 934-5660 (Please note our team followed Covid 19 protocols making this video)
Allendale 4K Infill Tour Marketed by the Honey Real Estate Team
***Roof top Balcony with Field View***Stunning brand new infill in the highly sought after community of Allendale facing a field on a beautiful tree lined street. Offering 2,046 sqft of living space on 3 levels. This home was designed with meticulous attention to detail. 2.5 storey duplex features; hard wood floors, custom tile, 3 sided fireplace, upgraded stainless steel appliances including a gas stove, walk in pantry, beautiful custom glass staircase and double detached garage. The windows in this home a
Belle Rive 4K Tour 8360 162 AVE (Pending 1 Day)
Call Connor Honey for more information (780)934-5660 Remax Excellence. Welcome to Belle Rive! Extremely well kept fully developed 5 bedroom + main floor den home (2125 sqft above grade!). Original Owners! When you enter, you will be greeted with high ceilings and Large Windows in the front Living room and Dining area. From the Kitchen/Nook, you can look into the rear Family room with gas Fireplace. Spacious kitchen and large widows throughout the home. The Half Bath and Den complete the main floor. The seco
4K Property Tour in L'Attitude Studios Condo Building 304 Ambleside Link Edmonton, AB T6W 0V2
4K Drone and Camera Footage of the Honey Real Estate Teams new listing in Southwest Edmonton. The community of Ambleside features beautiful walking trails, ponds and endless shopping options. The area has become the hub of SW Edmonton.
Back Yard Rink Tour Belle Rive 4K
Welcome to the desirable community of Belle Rive. Awesome 2096 sqft 2-storey home with 3 bedrooms above and a large main floor den/bedroom. Huge windows through out the main floor that complements the Vaulted ceiling in living and dining room. Upgraded spacious kitchen with breakfast nook that leads into the family room. The master bedroom features a 3 sides gas fireplace/corner jacuzzi/standing shower/walk-in closet & double sinks. Brand new roof, soffit’s, fascia, central AC, furnace and a newer hot water