A neighbourhood built for families, rather than for turnover, tends to hold stable rental demand because the housing stock itself, larger lots and multiple bedrooms, matches what long-term tenant households are looking for rather than what a single renter passing through the city needs.
Established infrastructure also lowers a landlord's variable costs. Mature trees and existing schools mean a landlord is not waiting years for a new subdivision to fill in around a rental, and tenants with kids in the local school have a strong incentive to renew rather than move.
None of that guarantees a specific return, but it does explain why Lakeview rentals tend to attract stable, longer-term tenants. Get your hand-reviewed valuation from Joel Dyck.