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Cochrane · Single Family · under $1,300,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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124 Gleneagles Estates Lane
Welcome to this stunning walkout bungalow in the highly sought-after Estates of Gleneagles, where breathtaking views of the Rocky Mountains, Bow River, and the town below create an unforgettable backdrop. Perfectly positioned with no neighbours in front or behind, this exceptional home offers privacy, tranquility, and spectacular scenery from every angle. Step inside the bright, open-concept main level, where soaring ceilings and floor-to-ceiling windows flood the home with natural light while showcasing the panoramic views. Timeless finishes and hardwood flooring throughout create a warm and inviting atmosphere. The thoughtfully designed kitchen features granite countertops, a large island, and plenty of workspace, making it ideal for both everyday living and entertaining. The spacious primary suite is a true retreat, complete with a private heated four-season sunroom—The perfect place to enjoy your morning coffee while taking in the majestic mountain views, spectacular sunsets, and unforgettable summer thunderstorm light shows. The main floor also offers a versatile office that can easily be converted into a second bedroom or formal dining room, a convenient laundry room with a sink, and access to the balcony where you can relax and enjoy the incredible scenery. An oversized storage room with built-in shelving is conveniently located off the garage. The fully finished walkout lower level is designed for family and guests, offering two generously sized bedrooms, a four-piece bathroom, a spacious recreation and entertainment area with wet bar, and an impressive utility and storage room with abundant space for seasonal items and hobbies. Comfort and efficiency are enhanced with two high-efficiency furnaces, while recent upgrades include all-new triple-glazed windows, new vinyl decking, and frameless glass railings that maximize the unobstructed views. The beautifully landscaped yard is complete with underground irrigation for easy maintenance. Enjoy a lifestyle that is second to none, with miles of scenic walking pathways, The Links of Gleneagles Golf Course just moments away, and an easy 30-minute commute to downtown Calgary. This is a rare opportunity to own an exceptional bungalow in one of Cochrane's most desirable communities, where the views truly never get old. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 5.00 Ft | |
| Other | 5.33 Ft x 6.17 Ft | |
| Bedroom | 11.08 Ft x 12.67 Ft | |
| Bedroom | 11.92 Ft x 11.92 Ft | |
| Recreational, Games room | 34.08 Ft x 33.75 Ft | |
| Furnace | 12.17 Ft x 18.25 Ft | |
| Other | 6.58 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 2.92 Ft x 6.67 Ft | |
| 5pc Bathroom | 11.75 Ft x 13.08 Ft | |
| Dining room | 11.33 Ft x 13.08 Ft | |
| Foyer | 9.08 Ft x 7.92 Ft | |
| Kitchen | 15.17 Ft x 14.33 Ft | |
| Laundry room | 8.50 Ft x 7.75 Ft | |
| Living room | 18.67 Ft x 14.00 Ft | |
| Office | 12.92 Ft x 10.83 Ft | |
| Primary Bedroom | 15.92 Ft x 13.83 Ft | |
| Sunroom | 11.67 Ft x 12.25 Ft | |
| Other | 9.67 Ft x 7.17 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
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Insurance estimate
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Commute
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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
-0.82%
Cap rate
4.70%
GRM
13.9
Break-even rent
$7,271
Financing
Operating expenses (monthly)
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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.
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 26, 2026.
Buyer-fit signals
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Location of this listing. Distances are straight-line.
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