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12231 Lake Louise Way SE
Beds
4
Baths
6 full + 2 half
Sqft
6,358
Year
2006
Type
Single Family
On market
27d
Some homes are impressive. A select few are irreplaceable. 12231 Lake Louise Way belongs firmly in the latter category. It is rare to find a property where the lot, setting & craftsmanship align at such an extraordinary level. This is the home in Lake Bonavista that residents reference when conversations turn to the community’s most exceptional properties, & without question, it will be one of the landmark residential offerings to come to market in Calgary in 2026. Positioned on arguably the most coveted lakefront lot, this remarkable estate offers 6358 SF (above grade) of timeless space with breathtaking SW views across the water, delivering the city’s most spectacular sunsets. Originally built with a level of quality rarely seen, the home has an enduring presence that feels as relevant today as when it was built. Beyond the entrance, you are welcomed into a series of beautiful spaces that balance scale & sophistication. The living areas are complemented by extensive millwork, soaring ceilings, rich detailing & a level of craftsmanship that would be extraordinarily difficult to replicate today. The library is nothing short of spectacular. It stands as one of the most impressive rooms you will encounter in any home. Rich detailing, extensive millwork, soaring proportions & a timeless design aesthetic combine to create a space with extraordinary warmth & character. The primary suite offers stunning lake views & an exceptional ensuite + dressing area. The rest of the home continues to showcase incredible scale with generous bedrooms, entertaining areas, elevator, fitness space & more rooms designed to adapt to your lifestyle. The kitchen was designed for everyday living & entertaining, seamlessly connecting to main level gathering spaces. The walkout lower level (4042 SF) continues the home’s theme of craftsmanship & atmosphere, offering a collection of spaces that feels more like a luxury retreat than a traditional basement. Designed for both entertaining & enjoyment , this level features detailed finishes, expansive gathering areas, a beautiful bar & lounge space, games/rec space & seamless access to one of the property’s most remarkable features, the lakeside grotto. The outdoor environment is equally extraordinary. Extensive landscaping & exterior investment creates a setting that feels more reminiscent of a luxury resort than a private residence. Expansive terraces & mature landscaping combine to create an experience that is unmatched. The garage experience is equally exceptional, designed for enthusiasts & collectors alike. Featuring a 6 car attached garage with 3 spaces below accessed through an integrated lift, this is an extraordinarily rare offering. Lake Bonavista is Calgary’s premier lake community & sets the standard for lake living. Combining a private 4 season lifestyle with ideal access to schools & amenities, it is one of the most desirable communities in Calgary. Opportunities this rare are exceptional. *see video, virtual tour link+photo collection* (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 5pc Bathroom | — | |
| Recreational, Games room | 38.08 Ft x 34.00 Ft | |
| Other | 11.25 Ft x 14.50 Ft | |
| Other | 14.17 Ft x 13.67 Ft | |
| Other | 10.50 Ft x 6.00 Ft | |
| Bedroom | 22.00 Ft x 14.58 Ft | |
| Bedroom | 17.42 Ft x 11.08 Ft | |
| Storage | 8.67 Ft x 11.83 Ft | |
| Furnace | 19.00 Ft x 9.25 Ft | |
| Storage | 36.67 Ft x 20.08 Ft | |
| Storage | 16.58 Ft x 20.83 Ft | |
| Wine Cellar | 8.67 Ft x 11.83 Ft | |
| 2pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 28.83 Ft x 17.75 Ft | |
| Living room | 23.08 Ft x 30.83 Ft | |
| Kitchen | 17.83 Ft x 18.83 Ft | |
| Dining room | 16.83 Ft x 15.00 Ft | |
| Breakfast | 17.83 Ft x 11.58 Ft | |
| Den | 12.08 Ft x 15.00 Ft | |
| Laundry room | 13.00 Ft x 14.58 Ft | |
| Office | 13.08 Ft x 14.83 Ft | |
| Other | 9.58 Ft x 9.92 Ft | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 18.17 Ft x 18.67 Ft | |
| Bedroom | 16.25 Ft x 15.08 Ft | |
| Exercise room | 30.08 Ft x 20.00 Ft | |
| Other | 20.83 Ft x 30.92 Ft | |
| Loft | 21.17 Ft x 18.83 Ft | |
| Storage | 6.92 Ft x 15.17 Ft | |
| Furnace | 6.00 Ft x 4.83 Ft | |
| 4pc Bathroom | — | |
| 5pc Bathroom | — |
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
-0.45%
Cap rate
4.77%
GRM
13.9
Break-even rent
$35,838
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 May 13, 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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