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131 Invermere Close
Beds
3
Baths
3 full + 1 half
Sqft
1,484
Year
2003
Type
Single Family
On market
1d
Tucked away on a quiet cul-de-sac in the heart of Chestermere, this rare bungalow villa offers the perfect blend of quality craftsmanship, thoughtful upgrades, and low-maintenance, "lock-and-go" lifestyle. Seamlessly designed for comfort and accessibility, this home features almost 1,500 square feet on the main floor, ensuring everything you need for daily life is on one level. You are welcomed into a bright, open-concept layout with soaring vaulted ceilings, an abundance of natural light, and a warm living area centered around a cozy fireplace. The functional and elegant kitchen is complete with granite countertops, stainless steel appliances, a bright skylight, and plenty of room to gather. This main level also includes a versatile formal dining or flex space, a convenient half-bath for guests, and a dedicated main-floor laundry room so you never have to haul heavy baskets between floors.The primary suite serves as a true main-floor retreat, showcasing a fully renovated ensuite with a walk-in double shower, new fixtures, a double vanity, and a generous walk-in closet. While you can live comfortably entirely on the main level, the fully finished basement offers the perfect setup for guests, hobbies, or live-in care. Downstairs, you will find two additional bedrooms, a second full bathroom, and a spacious living area that provides excellent separation of space and privacy for visiting family.Extensively and professionally renovated, the home provides true move-in-ready peace of mind with fresh paint, new baseboards, new carpet in the basement, alongside updated bathrooms with modern fixtures, a new hot water tank (2023), new A/C for year-round comfort, a newer roof (2015) with a 30-year limited warranty, and newer appliances. Step outside to enjoy two private patios—one on the side and one in the backyard with an electronic awning—while the underground sprinkler system keeps the yard lush with minimal effort. Located just minutes from schools, parks, shopping, and the beautiful shores of Lake Chestermere, this home is surrounded by a welcoming, mature community. Best of all, you will appreciate the quiet atmosphere with no HOA or condo fees, though landscaping help is always available, offering the ultimate balance of independent single-level living with the ability to lock and go during those long winter months. Book a viewing today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.00 Ft x 4.92 Ft | |
| Bedroom | 10.00 Ft x 14.75 Ft | |
| Bedroom | 13.33 Ft x 10.00 Ft | |
| Family room | 15.58 Ft x 14.25 Ft | |
| Recreational, Games room | 17.58 Ft x 26.92 Ft | |
| Furnace | 16.50 Ft x 22.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.92 Ft x 4.75 Ft | |
| 4pc Bathroom | 11.58 Ft x 9.75 Ft | |
| Dining room | 7.58 Ft x 14.58 Ft | |
| Family room | 13.25 Ft x 12.75 Ft | |
| Kitchen | 11.25 Ft x 16.67 Ft | |
| Laundry room | 7.25 Ft x 8.33 Ft | |
| Living room | 14.83 Ft x 19.08 Ft | |
| Primary Bedroom | 11.75 Ft x 18.42 Ft | |
| Other | 6.42 Ft x 7.42 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
-1.09%
Cap rate
4.65%
GRM
13.9
Break-even rent
$3,844
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.
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 8, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chestermere. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.