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Reduced $100,000 (9%) from $1,099,900
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131 Lake Simcoe Court SE
Beds
4
Baths
4 full + 1 half
Sqft
2,319
Year
1994
Type
Single Family
On market
26d
Amazing opportunity for a large, estate quality two storey home in a great location in Lake Bonavista. Welcome to 131 Lake Simcoe Court, a 2,319 sq.ft. home designed with families in mind. This particular section of Lake Bonavista was developed in the 1990s, compared to much of the community, which was built in the 1960s & 1970s. That means you benefit from more modern construction, improved efficiencies, higher ceilings, larger living spaces, bigger bedrooms & more generous bathrooms. You can see & feel the difference. As you enter the home, you’ll immediately appreciate the open, spacious feel. Beautiful oak hardwood was extended across most of the main level, with the original hardwood re-sanded to match. The large, functional kitchen offers excellent prep & storage space, along with a convenient informal eating area. The family room just off the kitchen is a comfortable place to relax, while the main floor office is a rare & valuable feature in Lake Bonavista. The attached garage is accessible from inside the home, another feature not commonly found in the community. Upstairs, you’ll find three spacious bedrooms, including a primary suite with a large ensuite & walk-in closet. The fully developed basement brings the homes' total square footage to 3,250 & offers a generous recreation area, flex room, additional bedroom & full bathroom. Recent updates include air conditioning, triple pane windows, fresh paint on the main & upper levels, a new garage door, newer high efficiency furnace & more. The sunny south facing backyard provides plenty of room for children to play, & the home is ideally situated on a quiet, low traffic cul-de-sac. Close to shopping, amenities, the C-Train station & just footsteps from Fish Creek Park, you’ll have hundreds of kilometres of walking paths, bike paths & nature right at your doorstep. Lake Bonavista is Calgary’s premier lake community, & this home is just a short drive from the lake. Enjoy year round recreation, including swimming, boating, beaches, fishing, tennis, skating, sledding & community facilities. Also close to schools, with quick access in & out of the community, this is a fabulous opportunity to own a home that is truly unique within Lake Bonavista. Some photos virtually staged. Call today for a private showing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 21.25 Ft x 25.75 Ft | |
| Bonus Room | 13.58 Ft x 21.92 Ft | |
| Bedroom | 14.08 Ft x 11.42 Ft | |
| Other | 7.08 Ft x 5.08 Ft | |
| Furnace | 9.42 Ft x 11.33 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 9.92 Ft x 4.92 Ft | |
| Living room | 24.83 Ft x 13.83 Ft | |
| Kitchen | 13.42 Ft x 11.42 Ft | |
| Dining room | 13.75 Ft x 8.25 Ft | |
| Family room | 13.25 Ft x 15.08 Ft | |
| Laundry room | 6.42 Ft x 11.42 Ft | |
| Office | 10.08 Ft x 14.00 Ft | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.83 Ft x 15.00 Ft | |
| Bedroom | 11.42 Ft x 12.33 Ft | |
| Bedroom | 11.67 Ft x 10.67 Ft | |
| 4pc Bathroom | — | |
| 4pc 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
-0.85%
Cap rate
4.69%
GRM
13.9
Break-even rent
$6,149
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.