Townhouse
$209,900
#67 3040 Spence Wd SW
Summerside, Edmonton2 days on market
listed by REMAX River City
MLS® E4513935
#73 3040 Spence Wd SW
$209,000
#73 3040 Spence Wd SW
Summerside, Edmonton · MLS® E4511806
212
1,044 sq ft · Townhouse · Single Family · built 2005 · 19 days on market
listed by Caitlin Garrioch, Real Broker
realtor's description
Welcome to Edmonton's exclusive lake community of Summerside! This well kept and updated 2 bedroom, 1 bathroom upper level condo offers access to private lake and clubhouse amenities year-round. Inside, the open concept layout features newer LVP flooring, a bright and open living area and dining space, and a functional kitchen with stainless steel appliances and ample counter space. The spacious primary bedroom includes a large walk-in closet, while the second bedroom is perfect for guests, an office, or additional living space. A 4-piece bathroom, newer laundry pair, and exterior storage room complete the home. One tandem outdoor parking stall is conveniently located, with plenty of visitor parking nearby. Enjoy everything Summerside has to offer, including swimming, fishing, paddle boating, and winter activities at the private beach clubhouse. Some photos digitally altered to remove personal belongings.
property details
- type
- Townhouse, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 1,044 sq ft
- parking
- 2
- year built
- 2005
- strata fee
- $345 / mo ($0.33 / sq ft)
- days on market
- 19
- MLS®
- E4511806
features
- Exterior Walls- 2x6"
- Lake Privileges
- Washer
- Refrigerator
- Dishwasher
- Stove
monthly cost
$1,256/mo
Mortgage $911 · Strata $345
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $1,600/mo
- after all costs
- $41/mo
- cap rate
- 5.5%
- yearly net rent ÷ price
Costs: mortgage $911 · strata $345 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) raised by what new tenants pay against everyone in the Edmonton area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
location
Summerside, EdmontonGoogle Maps ↗
schools
Catchment schools, Edmonton Public Schools
- Elementary Gr 2-9 Michael Strembitskyhomes in this catchment
24545.0 km away · 4110 Savaryn Drive SW, Edmonton · (780) 392-3500 · website
- Middle Gr 2-9 Michael Strembitskyhomes in this catchment
24545.0 km away · 4110 Savaryn Drive SW, Edmonton · (780) 392-3500 · website
- Secondary Gr 10-12 J Percy Pagehomes in this catchment
24547.3 km away · 2707 Millwoods Road NW, Edmonton · (780) 462-3322 · website
From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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