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232 West Chestermere Drive
Beds
7
Baths
5
Sqft
3,337
Year
2025
Type
Single Family
On market
0d
BRAND NEW LUXURY HOME BACKING ONTO THE LAKE!! HUGE 9500+ SQFT LOT!! QUAD ATTACHED GARAGE!! 10FT MAIN FLOOR CEILINGS!! 9FT UPPER LEVEL AND BASEMENT!! MAIN FLOOR BEDROOM WITH FULL BATH!! 4790 SQFT OF LIVING SPACE!! 7 BEDROOMS + 5 BATHS!! Experience LAKESIDE GRANDEUR in this stunning newly built home designed for modern living and timeless elegance! The main floor welcomes you with a bright LIVING AREA WITH OPEN-TO-BELOW CEILING, a cozy GAS FIREPLACE, and a DINING AREA WITH DECK ACCESS overlooking the lake. The GOURMET KITCHEN features a large island, BUILT-IN APPLIANCES, abundant cabinetry, a SPICE KITCHEN, and a spacious PANTRY—perfect for entertaining and family gatherings. Upstairs offers 4 BEDROOMS + BONUS ROOM, including a PRIMARY SUITE WITH LAKE-VIEW BALCONY, 5PC ENSUITE, and WALK-IN CLOSET. Another bedroom also features a PRIVATE ENSUITE AND WALK-IN CLOSET, while two additional bedrooms share a JACK & JILL 4PC BATH. The FULLY DEVELOPED BASEMENT adds even more living space with 2 BEDROOMS (BOTH WITH WALK-IN CLOSETS), a GYM AREA, and a SPACIOUS LIVING ROOM alongside a 4PC BATH. ATTACHED DOUBLE GARAGE is 42FT deep. Located in the heart of CHESTERMERE, steps from the LAKE, GOLF COURSE, and all nearby AMENITIES, this home perfectly combines LUXURY, FUNCTIONALITY, AND LOCATION—a true dream home on the water! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.58 Ft x 13.42 Ft | |
| Bedroom | 10.58 Ft x 12.67 Ft | |
| Other | 5.08 Ft x 5.00 Ft | |
| Other | 5.08 Ft x 5.00 Ft | |
| Family room | 25.25 Ft x 17.00 Ft | |
| 4pc Bathroom | 10.08 Ft x 5.00 Ft | |
| Exercise room | 14.33 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 11.08 Ft x 16.25 Ft | |
| Family room | 15.33 Ft x 17.00 Ft | |
| Kitchen | 15.50 Ft x 17.75 Ft | |
| Other | 5.75 Ft x 10.00 Ft | |
| Other | 11.17 Ft x 5.83 Ft | |
| Foyer | 15.00 Ft x 7.83 Ft | |
| Bedroom | 10.67 Ft x 9.67 Ft | |
| 3pc Bathroom | 10.67 Ft x 5.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.17 Ft x 17.17 Ft | |
| 5pc Bathroom | 10.42 Ft x 12.08 Ft | |
| Other | 10.42 Ft x 9.92 Ft | |
| Bedroom | 12.33 Ft x 11.17 Ft | |
| Laundry room | 6.92 Ft x 9.42 Ft | |
| Bonus Room | 15.75 Ft x 15.83 Ft | |
| Bedroom | 14.67 Ft x 10.92 Ft | |
| 3pc Bathroom | 10.92 Ft x 5.00 Ft | |
| Other | 5.17 Ft x 5.08 Ft | |
| Bedroom | 13.50 Ft x 13.67 Ft | |
| 3pc Bathroom | 5.00 Ft x 8.00 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
-0.63%
Cap rate
4.74%
GRM
13.9
Break-even rent
$11,304
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.
| Other | 5.17 Ft x 5.42 Ft |
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 Chestermere. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.