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13255 Lake Lucerne Road SE
Welcome to this beautifully maintained bungalow in one of Calgary’s most desirable lake communities, where pride of ownership is evident at every turn. Offered by only its second owners after nearly five decades of meticulous care, this home combines timeless character with an extensive list of thoughtful upgrades.The bright and spacious main floor offers three bedrooms and two full bathrooms, including a private ensuite. An oversized primary retreat provides a rare escape, complete with mountain views and a cozy fireplace. Recent updates throughout the home create a fresh, modern feel while preserving the warmth and comfort that make bungalow living so appealing.Downstairs, a brand-new, legal two-bedroom suite (2025) opens the door to outstanding mortgage-helping income potential or flexible multi-generational living. The massive (1163 sqft) suite features its own new HVAC system, upgraded finishes, and exceptional storage, including two walk-in closets and a generous front closet for jackets and shoes alike.Behind the home, the oversized heated double garage doubles as an ideal workshop, complete with 220V power. What truly sets this property apart is the scope of work that's been done — Major improvements have already been completed, including a 200-amp electrical service upgrade, new HVAC systems, updated plumbing, water softener, new windows (95%) and entry doors, newer shingles, newer hot water tank, refreshed kitchen, new stainless steel appliances, updated bathrooms, and much more. Check out the supplement documents for a full list. Book your private showing today!Enjoy green space both in front and behind the property, mountain views, and an unbeatable location just steps from Fish Creek Park and all the benefits of lake community living. With too many upgrades to list here, be sure to review the supplemental documents for a complete breakdown of improvements.This is a rare opportunity to own a substantially upgraded home in an exceptional location, w here the big-ticket items have already been done and the lifestyle is second to none. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 10.25 Ft x 12.67 Ft | |
| Bedroom | 9.25 Ft x 10.33 Ft | |
| Living room | 16.75 Ft x 17.50 Ft | |
| Kitchen | 8.83 Ft x 10.33 Ft | |
| Laundry room | 7.00 Ft x 18.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | — | |
| 3pc Bathroom | — | |
| Primary Bedroom | 11.33 Ft x 19.17 Ft | |
| Bedroom | 10.08 Ft x 10.58 Ft | |
| Bedroom | 8.17 Ft x 10.58 Ft | |
| Living room | 14.50 Ft x 18.83 Ft | |
| Kitchen | 12.17 Ft x 12.92 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
-0.79%
Cap rate
4.71%
GRM
13.9
Break-even rent
$6,088
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
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 12, 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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