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203 Auburn Bay Heights SE
Welcome to Auburn Bay, where lake living meets everyday convenience.This beautifully updated 4-bedroom, 3-bathroom bungalow offers over 1,800 sq. ft. of developed living space in one of Calgary's premier lake communities. Whether you're looking for a family home, multi-generational living, or additional income potential, this property delivers the flexibility and lifestyle today's buyers are searching for.The bright and inviting main floor features over 1,000 sq. ft. of thoughtfully designed living space, including two spacious bedrooms and two full bathrooms. The primary retreat offers a private 4-piece ensuite, while the second bedroom is perfectly positioned near an additional full bathroom. The kitchen has been refreshed with brand new quartz countertops, a new refrigerator, new dishwasher, updated LED pendant lighting, and numerous new pot lights that create a modern and welcoming atmosphere throughout. Fresh paint, new blinds and updated finishes give the entire home a clean, move-in-ready feel.A separate entrance leads to the fully developed lower level, featuring a spacious 2-bedroom illegal suite complete with its own kitchenette, brand new refrigerator, dishwasher, ample cabinet space, new carpet, fresh paint, and a full bathroom. Whether used for extended family, guests, or rental income, this versatile space provides endless possibilities.Outside, enjoy all the benefits of living in Auburn Bay, one of Calgary's most desirable four-season lake communities. Residents enjoy exclusive access to the private lake, where summers are spent swimming, paddleboarding, kayaking, fishing, and relaxing on the beach, while winters bring skating, hockey, and year-round community events. Auburn Bay's extensive pathway system, parks, playgrounds, and strong community atmosphere make it a favourite among families and professionals alike.Location is everything, and this home places you just minutes from South Health Campus, Seton Urban District, the Brookfield Resident ial YMCA, Cineplex Theatre, restaurants, shopping, grocery stores, schools, and countless everyday amenities. With quick access to Deerfoot Trail and Stoney Trail, commuting anywhere in the city is easy and convenient.This is your opportunity to enjoy the perfect combination of updated living space, flexibility, and one of Calgary's best lifestyle communities. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 4.92 Ft | |
| Bedroom | 11.33 Ft x 8.50 Ft | |
| Bedroom | 8.83 Ft x 11.75 Ft | |
| Recreational, Games room | 18.00 Ft x 12.58 Ft | |
| Other | 18.00 Ft x 5.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.67 Ft x 6.83 Ft | |
| 4pc Bathroom | 7.58 Ft x 5.92 Ft | |
| Bedroom | 10.67 Ft x 8.50 Ft | |
| Dining room | 11.33 Ft x 10.08 Ft | |
| Foyer | 9.67 Ft x 12.50 Ft | |
| Kitchen | 15.25 Ft x 13.92 Ft | |
| Living room | 12.75 Ft x 14.67 Ft | |
| Primary Bedroom | 12.83 Ft x 12.83 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
-6.66%
Cap rate
3.53%
GRM
16.5
Break-even rent
$3,572
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.
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.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.