One of our most recent acquisitions for Kings Castle LP was the 71-Unit Castle Harbour Property in Edmonton. This property is not only in a great neighbourhood close to a lake but will also benefit from the soon to be completed Anthony Henday ring road. A second example is our acquisition in late 2010 in Calgary that is conveniently located near a new LRT station (Light Rail Transit) that opened about a year ago.
The following article explains how buying in areas with transportation improvements can enhance the performance of your real estate investments; one of the criteria we like to look for when acquiring new properties. Edmonton has extensive long-term plans for its complete LRT vision. Read more about plan and its potential impact on real estate here in this newspaper article.
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