See real estate listings in Summerside.
Summerside At A Glance
• Population (2012): 7976
• Density: 2040 people/km² (not very dense)
Homes in Summerside
• Average Asking Price (2012): $456,000
• Asking Price Range (2012): $200,000 to $1,100,000
• Average Home Size (Approx): 1876 ft²
• Size Range (Approx): 890 ft² to 3600 ft²
Summerside Real Estate Market
• Hot Market Index (2012): 44.5 °G
• Absorption (2012): 59.3%
• Buyer Willingness (2012): 90.4%
• Desirability Score (2012): 87/100 (Fairly Desirable)
• Dilapidation Score (2006)*: 0% (Perfect – there are no houses in Summerside that need any major repairs)
Summerside & the Average Edmonton Hot Market Index (2012)
Amenities
• Accessibility Score: 305 homes per point of access (Limited).
• Parking: Okay
• Transit: 39 bus stops.
• Parks: 5 parks within neighbourhood boundaries with access to the Lake Summerside Recreational Area.
Location & Description
The Summerside Community, Edmonton is a very popular neighbourhood. The biggest thing that makes this area so popular is the ability to use the lake and recreational area within Summerside. Summerside also has excellent access to the south side and Anthony Henday Drive as well as quick access to the Edmonton International Airport. Prices in Summerside range from $200,000 condos all the way to million dollar 3000 ft² houses. The average size of homes in the neighbourhood is over 1800 ft², which is quite large. Most residential zoning in Summerside is RF4 or RSL zoning to make for more density. Lots are overly large – as is the case with almost all new neighbourhoods in Edmonton.
A bar graph showing when homes were constructed in Summerside
Summerside is really new. All of all the homes in the Summerside Community were built after 2001 – it doesn’t get much newer than this. More houses have gone up since 2006, but there is really nothing old in the area at all – just 15 units existed before the area was developed and those would be all gone now to make way for new houses.
If you are looking to buy a house in Summerside, please give me a call. I can show you what’s on the market today.
A pie chart showing home types in Summerside
Summerside was planned as a mixed housing community – 69% of the neighbourhood is houses, but 13% is duplexes and there is 9% townhomes and 9& low-rise apartments, too. This means that if someone wants to live in Summerside, there is an affordable home for most people. There are certainly expensive homes in the neighbourhood, but someone looking to buy a condo in Summerside can certainly find something, too.
A pie chart showing how many homes are rented versus how many owned in Summerside*
The vast majority of Summerside is owner occupied. Because the niehgbourhood is so new, this could change around a while before it settles into a more or less static owner to renter ratio. For now, there aren’t many renters in the area. This means the Summerside community may not be the best place for investment property, but more suited to owners.
Condos in Summerside
Newer neighbourhoods do a good job of recognizing that people are looking for all kinds of housing in Edmonton and are very good at providing mixed housing in each area. Summerside is 9% townhomes and 9% apartments
According to the Edmonton Real Estate Board, there are 3 condominium complex in the Summerside community:
The Bays at Summerside – 1179 Summerside Dr
Lake Summerside – 3040 Spence Wynd
Mosaic Point – 8304 11 Ave SW
Schools
Elementary:
Michael Strembitsky School – 4110 Savaryn Drive SW | 780 392 3500
Junior High:
Michael Strembitsky School – 4110 Savaryn Drive SW | 780 392 3500
High Schools:
~ None in this community
Parks & Recreation
There are 5 parks and one recreational area in Summerside:
Summerside Park #1 – Located between Spence Wynd and 14th Ave SW
Summerside Park #2 – 1735 70 St
Summerside Park #3 – 3010 Spence Wynd
Summerside Park #4 – 4130 Savaryn Drive
Small Park (unnamed) – 2303 90 St
Lake Summerside Recreational Area (for residents of Summerside only) – 1720 88 Street SW – Lake Summerside is a huge draw for buyers in the Summerside community. Only members of the Home Owners Association may use the park and it is maintained by their fees. You can rent a hall, go boating and fishing, do a boot camp class, take dancing lessons, build gingerbread houses in the winter, learn karate, carve pumpkins in October – the list goes on. The above parks will likely eventually get names, but as it stands, they are just numbered at the moment.
Access & Parking
Access is pretty standard for a newer area – 305 houses for each access point. This doesn’t make entry and exit such a problem – there are still enough ways in and out of the community to keep traffic flowing. Peak hours might be a little heavy in traffic, but for the most part there should be no problems.
Parking in Summerside is a little cramped. The streets are narrow and there isn’t much frontage because of front drive garages. This could be an issue if the density of Summerside increases as time goes on.
Transit
There are 39 bust stops in Summerside – one for every xxx homes. This is a really excellent score for a newer neighbourhood and should make taking the bus quite easy for the residents of the area.
* Source: 2012 Municipal Census, The City of Edmonton
by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com
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