We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Chestermere · Single Family · under $600,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
231 Waterford Heights
Welcome to Waterford in Chestermere, where modern living meets small town charm just minutes from Calgary! This beautifully crafted Douglas Homes duplex offers 1,561 sqft, featuring 3 bedrooms, 3 bathrooms and a versatile main floor office/flex room that can easily function as a 4th bedroom, home workspace or kids playroom. The Canberra 3 offers a bright open concept, show stopping main floor with 9' ceilings, engineered hardwood, a stylish kitchen with quartz countertops, spacious dining area, cozy living room, a half bath and a great size Mud room as you enter from the back to finish off the Main floor. Upstairs, you'll find a generous primary retreat complete with a walk-in closet and ensuite featuring dual vanities, along with two additional bedrooms, full bathroom and the convenience of upper-floor laundry. A separate side entrance provides outstanding potential for future basement development, while the rear concrete parking pad offers practical off-street parking.Enjoy everything Chestermere has to offer, including its beautiful year-round lake lifestyle with boating, paddle boarding, swimming, fishing and lakeside parks. Golf enthusiasts will appreciate being just minutes from Lakeside Golf Club and several nearby courses. Waterford is a growing, family friendly community with parks, pathways, schools, and shopping close by, all while offering an easy commute to Calgary, making it the perfect balance of peaceful living and city convenience.Whether you're a growing family, working from home, or looking for a home with flexibility and future potential, this exceptional property is ready to welcome you home. Some Photos have been digitally staged and or rendered with descriptions. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9.92 Ft x 14.17 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Dining room | 9.42 Ft x 13.00 Ft | |
| Bedroom | 10.75 Ft x 10.08 Ft | |
| Other | 3.67 Ft x 6.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.50 Ft x 18.58 Ft | |
| Bedroom | 9.83 Ft x 10.25 Ft | |
| Bedroom | 10.75 Ft x 9.92 Ft | |
| 4pc Bathroom | 6.33 Ft x 10.25 Ft | |
| 4pc Bathroom | 8.92 Ft x 5.92 Ft | |
| Laundry room | 6.50 Ft x 5.42 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
-4.57%
Cap rate
3.95%
GRM
15.4
Break-even rent
$3,328
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 Jul 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.