Is Lake Summerside the Best Place to Buy Real Estate as well as to Rent in Edmonton?

The Best Places To Invest in Edmonton – Lake Summerside is the Perfect Place for Renters and Investors

Touted as Edmonton real estate’s first residential lakefront community that has a recreational activity spin to it, the Lake Summerside Edmonton real estate district is certainly one that property investors, homeowners and renters are looking at with open eyes. Rated as one of the best places to invest in Edmonton in addition to one of the top places in Edmonton to rent a condo, townhome or single family home, it is no wonder that Lake Summerside has been growing at an astronomical rate in the past few years. Considered a very new community in the South West corner of Edmonton, next to the Anthony Henday Edmonton Ring Road as well as very close to the International Airport, Lake Summerside Edmonton investment has come from huge provincial and municipal government funding into large infrastructure projects to connect the community with the rest of the city. In addition, Lake Summerside has been the best place to buy real estate in Edmonton because of its growing population, close proximity to well paying jobs and its growing infrastructure that is ahead of its original timeline to support the people moving into the community. This article will explain why the Edmonton Lake Summerside community is the best places to invest in Edmonton, best place to buy real estate Edmonton sa well as the ideal spot for renters looking for affordable rental suites and apartments in addition to why it is the best investment overall for homeowners and Edmonton real estate investors.

Resort Living at Its Best at Lake Summerside Edmonton

Being a master planned new community in the heart of the city of Edmonton has its perks. With new roads, new infrastructure, new retail, new homes, townhomes, apartments, carriage homes and industrial moving into the neighbourhood, the self-sustaining neighbourhood of Lake Summerside Edmonton has become the perfect place to call home for thousands of families. While combining school, work and the beach is not something that a regular Edmonton resident would associate with the city, the growing middle and upper class residents have demanded for more lifestyle choices within the city. Lake Summerside Edmonton has provided that and more. This is why Lake Summerside is one of the best places to buy real estate in Edmonton. Resort living is now available on the shores of the growing Lake Summerside real estate community, with simple resort and recreational type pleasures just outside your door. Stroll on the sandy beachfront of the Lake Summerside lakefront areas in addition to owning a classic Cape Cod style home or you can enjoy all the recreational pursuits during the winter time with sledding and cross-country skiing just outside your door. The new Edmonton Lake Summerside community is truly Edmonton’s first exclusive recreational lake community with four seasons of fun and activity waiting for you. Lake Summerside? Best place to buy real estate Edmonton!

Lake Summerside Rentals – Edmonton Apartments, Carriage Homes and Townhomes for Rent

If you are renting and looking for a new place to call home, the Lake Summerside Southeast Edmonton location could be an ideal fit for you. With numerous types of housing available for rent, the Lake Summerside rental market remains very tight as there is so much interest in the area. Providing clean, modern and new homes for rent, Lake Summerside Edmonton rental apartments are the entry level properties for tenants seeking affordable and convenient homes to rent. These can range from studio homes to two bedroom condos and will range in rental price from $795 to over $1295/month plus utilities. The rental market for Lake Summerside carriage homes remains the tightest of all housing types in southeast Edmonton because of their size, garages, upgraded second bathrooms and finishes and will range in price from $1250 to $1450/month. Next up for families and retirees are the Lake Summerside townhomes for rent and the rental townhouses in southeast Edmonton that provide three story living with spacious exterior spaces, storage, attached garages and gourmet kitchens. The rental Summerside townhomes can range anywhere from $1395 - $1695/month. The more expensive units for rent include the Summerside rental homes in southeast Edmonton real estate that are usually two stories with unfinished basements and have three bedrooms and 1.5 to 2 bathrooms. The Lake Summerside rental homes will usually cost about $1895 - $2500/month depending on how close they are to the lakefront and Club House. Lake Summerside? Best place to rent in Edmonton rental market.

Call Paul at 780.885.6728 or email rent (at) investedmonton.com for Lake Summerside Edmonton vacancies.

The Best Places to Buy Real Estate in Edmonton

With so much to experience and its close proximity to everything you need including urban conveniences, amenities, recreational facilities, retail, shopping and restaurants, the best place to invest in Edmonton is still Lake Summerside in southeast Edmonton real estate market. If you are looking for single family homes along the lakefront, investors are flocking to best place to buy real estate in Edmonton such as these premium houses. The luxury Lake Summerside Homes in Edmonton provide great investment opportunities for investors and these mansions can cost anywhere from $750,000 to over $2M at this time. Also available are more affordable townhomes that are perfect for couples and growing families. Usually three story townhomes, the lake Summerside Edmonton townhouses for sale are relatively affordable and should come with double attached garages, laundry rooms, small back yards and premium appliance packages. The best place to buy real estate in Edmonton certainly includes the Lake Summerside townhomes for sale as they range from $275,000 to about $400,000 for larger half duplexes in the community. Also top rated investments are found in the style of carriage homes. These Edmonton specials are eight plex buildings providing eight separate two bedroom suites in a single building. Most come with detached garages, patios and lots of interior space with either one or two bathrooms and large crawl spaces and these certainly reflect great investment value if you are looking for the best place to buy in Edmonton real estate. Also available in Lake Summerside real estate market are the apartment complexes where you will find a range of studio homes to two bedroom condo residences. These condominiums at Lake Summerside Edmonton represent great value for your money if you are looking for the best place to invest in the city of Edmonton. So, whether you are a property investor or a home buyer, the best places to invest and buy property in south west Edmonton real estate is definitely Lake Summerside community.

Investing in Edmonton’s Lake Summerside – Is It the Best Place?

The fundamentals behind this growing residential community are bright, even with the recent global economic downturn and the drop in Edmonton real estate prices. Started in 2000, the Lake Summerside community is now home to over 1500 families and by 2018, which is the expected timeline for the entire build out of this master planned Edmonton community, it is expected to be home for over 3000 families and 5000 residents. From apartment condominiums to luxury lake front homes, Lake Summerside real estate provides carefree and maintenance free living within the city limits of Edmonton. The fundamentals are obvious. Just two minutes from the Anthony Henday Ring Road that connects Lake Summerside residents to the rest of the city to the numerous highways and roads in and out of the Edmonton International Airport, Lake Summerside investment has exponentially increased with time. Retail, shopping, gas stations, schools, hospitals, clinics, shopping and much more are moving into this community at a faster rate than in any other Edmonton real estate community and there is much reason to believe this will not slow down. From secluded natural parks to the exclusive Lake Summerside Beach Club, residents here in the southeast of Edmonton will enjoy endless summer and winter activities throughout the year.

Why Invest and Buy Property in Lake Summerside Real Estate

People always ask where the best place to invest in Edmonton real estate is. Really, there are always deals to be found in any property market and any location. Overall, Lake Summerside represents great value for your money in terms of investing in Edmonton real estate for several reasons. Firstly, the homes at Lake Summerside Edmonton property market are completely new, saving you lots of maintenance costs when compared to older homes that require renovations and re-builds. Secondly, the location is ideal for many families and couples. Being close to the ring Road and the airport in addition to Sherwood Park and downtown has its perks. In addition, you can be walking distance from groceries, recreational facilities and other activities which makes it a great place to invest in Edmonton real estate. Thirdly, what makes the Lake Summerside area the best place to buy real estate in Edmonton property imarket s because Lake Summerside real estate master planned development is a phased construction project which means that the area will not be overbuilt in a short time period and thereby allowing residents to gradually move into the community and increase the population. Fifthly, the best Edmonton places to invest in real estate market right now are ones that have a mixed residential/retail/office use, and Lake Summerside in southeast Edmonton property certainly has a diversified land use. Sixthly, you can be part of a growing community that will become self sufficient with parks, green spaces, trails, lakefront beaches, clubhouse, schools, retail and restaurants. The best places to invest and the best Edmonton investments in real estate are those that can survive the test of time, and so far Lake Summerside has bucked the trend and is more stable and has a better outlook than most other communities in south east Edmonton.

The truth behind the current drop in Edmonton real estate prices and the drop in Alberta home equity

Will the recent decline really hurt home owners in Edmonton, Alberta?

Before you go and pull out your calculator and drive yourself crazy to figure out how much Edmonton home equity you lost, lets examine the real reason why you bought your house in the first place. Did you purchase your home in the burgeoning Edmonton real estate market hoping to ride the real estate curve and make a few quick dollars or to have a beautiful place to call home for a long time or even generations to come? Or you bought your new Edmonton home because you fell in love with the place and absolutely wanted to live there? And you love all the extra spaces that it provide for you and your family, the lovely fenced yard for the kids and the dog, the deck that you always wanted to have for all those long summer nights, the gourmet kitchen that you love to cook and entertain in. Congratulations if you bought your Edmonton house because you fell in love with it then it! Then it really doesn’t matter to you which way the Edmonton real estate market goes because you love your home so much that you wouldn’t sell even if the market skyrocketed tomorrow or in the near future.

Investing in Edmonton properties is different than other investments

Most Edmonton house buyers purchased their homes to live in and they are not concern about the most recent drop in Edmonton real estate prices. This is because regardless of what happens, we still need a roof over our heads and a place to call home. That’s why in one lifetime the best investment is your own homes and this makes even more sense if you’re investing in Edmonton properties. Investing in Edmonton property is quite different than buying other investments such as stocks, mutual funds, GIC, bonds, gold, etc as these are more sensitive to the direction of the property market. This is not the case with the drop in the value of your Edmonton property values. As long as you can make your monthly mortgage payment you’ll still have a lovely home to stay in and no one will come knocking on your door to ask you to pay back your line of credit. That is why investing in Edmonton real estate makes sense and also makes sleeping easier compared to other more riskier investments.

Nothing happen to your Edmonton home unless you sell

Unless you can’t sleep at night or you are a realtor in Edmonton making a living selling real estate, the current up and down markets should have no bearing on your current finances. You qualified to buy your new Edmonton home based on your income earning ability at that time to service the mortgage and unless this has changed, you are still making the same payments the downturn in the Edmonton real estate market. The good news is that eventually this Edmonton home mortgage will be paid off and you can live in your home mortgage free! Then you wouldn’t care which direction property the market goes.

Edmonton real estate has increases over the past five years

Another way of owning your own home in Edmonton’s property market now is the right time to invest in more properties in Edmonton. According to the Edmonton real estate board an average houses in Edmonton 5 years ago costs $177,178 and when the Edmonton market peak in May/June 2007, an average Edmonton homes cost $426,028 and it is now sitting at $303,304. That’s a 71% increases since 2004. It is no wonder why we have seen slight adjustments in the values of Edmonton property and housing prices over the last 1.5 years. Edmonton real estate at one point used to be the tenth highest priced city in Canada to purchase a home, it now sits at fifth or sixth. This is why investing in Edmonton property for the long run still make the most economical sense and will continue to attract migrants from other provinces because of the no sale taxes and the lower cost of living in Edmonton combined with well-paying jobs and housing availability.