Are you looking for duplexes for sale in St. Albert?
You’re in the right place! At Cami Comfort Homes, we have a wide selection of duplexes available, in a variety of sizes, locations, and price ranges.
What is a duplex?
A duplex is a type of dwelling that is divided into two separate living units. Each unit has its own entrance, kitchen, bathroom, and living space. Duplexes are often owned by investors, who rent out one unit while living in the other. However, duplexes can also be a great option for families who need more space or for people who want to live with a friend or relative.
Benefits of duplex ownership
There are many benefits to owning a duplex in St. Albert. Here are a few of the most popular:
Income potential: If you rent out one unit of your duplex, you can earn a steady stream ofincome to help cover your mortgage payments and other expenses.
Appreciation potential: The real estate market in St. Albert is strong, and duplexes are in high demand. This means that your duplex is likely to appreciate in value over time.
Flexibility: Duplexes offer a lot of flexibility. You can live in one unit and rent out the other, or
you can rent out both units and generate even more income.
Types of duplexes
There are two main types of duplexes: side-by-side duplexes and stacked duplexes.
Side-by-side duplexes: Side-by-side duplexes are two separate houses that are attached at the side. Each unit has its own front and back entrance.
Stacked duplexes: Stacked duplexes are two separate units that are stacked on top of each other. Each unit has its own entrance, but they share a common wall.
Best neighborhoods for duplexes
Some of the best neighborhoods for duplexes in St. Albert include:
Downtown St. Albert
Downtown St. Albert is a vibrant and walkable neighborhood with a variety of shops, restaurants, and services. It's also home to the Sturgeon Community Centre and the St. Albert Public Library.
Riverview
Riverview is a quiet and family-friendly neighborhood with easy access to schools, parks, and the Sturgeon River.
Lacombe Park:
Lacombe Park is a new and growing neighborhood with a variety of amenities, including a park, a playground, and a community centre.
How to buy a duplex
If you’re interested in buying a duplex in St. Albert, the first step is to find a qualified real estate agent. A good real estate agent can help you find the right duplex for your needs and budget, and they can walk you through the buying process.
Once you’ve found a duplex that you’re interested in, you’ll need to get pre-approved for a mortgage. This will give you an idea of how much money you can borrow and what your monthly payments will be.
Once you;re pre-approved for a mortgage, you can make an offer on the duplex. If your offer is accepted, you’ll need to go through a home inspection and appraisal. Once these steps are complete, you can close on the duplex and move in!
FAQs
The average price of a duplex in St. Albert is $450,000. However, prices can vary depending on the size, location, and condition of the duplex.
Closing costs typically range from 2% to 5% of the purchase price of the duplex. Closing costs can include things like legal fees, appraisal fees, and title insurance.
There are a number of tax benefits associated with owning a duplex. For example, you can deduct the mortgage interest and property taxes from your income taxes. You can also depreciate the cost of the duplex over time, which can further reduce your tax liability.
There are a number of different ways to finance a duplex. One popular option is to get a conventional mortgage. Another option is to get a Federal Housing Administration (FHA) loan. FHA loans have more flexible credit requirements than conventional mortgages, but they may have higher interest rates.