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Reduced $29,910 (5%) from $599,900
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113 Mt Lorette Place SE
Beds
4
Baths
2
Sqft
1,063
Year
1996
Type
Single Family
On market
56d
Rare opportunity in sought-after McKenzie Lake! Tucked away on a quiet cul-de-sac, this beautifully maintained bi-level offers over 2,000 sq. ft. of developed living space and an exceptional combination of lifestyle, flexibility, and value.One of the standout features of this property is its unbeatable family-friendly location. A neighborhood playground is located just steps from the home, providing a convenient place for children to play while still enjoying the privacy and safety of a quiet residential street.Inside, the versatile layout features 2 kitchens, 2 laundry areas, and excellent future suite potential, making it ideal for multigenerational living, extended family, or buyers seeking future income opportunities.Outside, extensive stamped concrete surrounds both the front and back of the property, creating a beautiful low-maintenance outdoor living space with virtually no grass to maintain. The fully equipped double detached garage includes a dedicated electrical sub-panel with EV charging capability, workshop potential, and future expansion options for today's modern homeowner.Enjoy exclusive year-round access to the McKenzie Lake Residents Association, one of Calgary's most sought-after lake communities. Residents enjoy a private lake with sandy beaches, swimming, fishing, kayaking, canoeing, pedal boats, tennis and pickleball courts, beach volleyball, playgrounds, skating, hockey rinks, tobogganing, and family-friendly community events throughout the year.Whether you're looking for a move-in-ready family home, multigenerational living, or future income potential, this property offers a rare combination of flexibility, convenience, recreation, and lifestyle in one of Calgary's most desirable neighborhoods4 feature bullets directly under the main photo:? Private Lake Access? Playground Steps Away? 2 Kitchens + 2 Laundry Areas? Double Garage with EV Charging Capability (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.08 Ft x 6.42 Ft | |
| Bedroom | 14.75 Ft x 10.50 Ft | |
| Kitchen | 9.92 Ft x 9.42 Ft | |
| Recreational, Games room | 31.75 Ft x 12.92 Ft | |
| Furnace | 14.75 Ft x 8.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.67 Ft x 8.00 Ft | |
| Bedroom | 8.92 Ft x 8.58 Ft | |
| Dining room | 11.25 Ft x 9.83 Ft | |
| Foyer | 7.17 Ft x 6.17 Ft | |
| Kitchen | 13.33 Ft x 11.00 Ft | |
| Living room | 13.75 Ft x 11.58 Ft | |
| Bedroom | 11.42 Ft x 8.58 Ft | |
| Primary Bedroom | 12.17 Ft x 12.67 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.16%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,541
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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