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.
Swipe through similar matches — tap the heart to save, or open one for the full read.
233 Spring Water Close
Beds
3
Baths
3 full + 1 half
Sqft
1,705
Year
2017
Type
Single Family
On market
27d
Welcome to the Villas of Artesia, where executive bungalow living meets lock-and-leave convenience in one of Heritage Pointe’s most sought-after communities. Offering over 3,000 sq ft of developed living space, this meticulously maintained villa has been extensively upgraded and thoughtfully curated, blending timeless design with high-end functionality throughout.The bright open-concept main floor was designed for both everyday comfort and upscale entertaining, featuring extended custom cabinetry, rich walnut hardwood flooring throughout the home, designer lighting, and a stunning floor-to-ceiling stone fireplace. The beautifully curved staircase, wrapped in matching walnut hardwood, adds to the home’s seamless craftsmanship and timeless design. The chef-inspired kitchen showcases upgraded quartz countertops, premium appliances, gas cooktop, wall oven, pantry storage, and an oversized island perfect for gathering. Spacious dining and living areas flow seamlessly together, while the private main floor office/den offers flexibility for work or quiet retreat space. Central air conditioning adds year-round comfort, especially with the home’s desirable west-facing backyard exposure. The luxurious primary suite features a spacious walk-in closet with custom built-ins and a beautifully upgraded spa-inspired ensuite complete with dual vanities, heated flooring, a deep soaker tub, oversized glass shower, upgraded tilework, and carefully selected high-end finishes.The fully developed lower level was designed for elevated entertaining and comfortable guest living. The expansive recreation and lounge area, complete with a built-in theatre sound system, flows into a stunning custom wine room and entertaining space featuring custom cabinetry, wine storage, wine fridges, upgraded flooring, pantry-style storage, and designer finishes rarely found in villa living. A stylish wet bar further enhances the space, while two additional bedrooms with walk-in closets, a full bathroom, and l arge storage/mechanical area provide exceptional flexibility for guests or multigenerational living.Additional upgrades include dual zone in-floor heating, water softener, smart home integration, gemstone exterior lighting, new appliances, and a new hot water on demand system installed in 2025. The finished double attached garage is equally impressive with epoxy flooring, ProSlat wall storage systems, pre-wired EV charger capability, and a car lift allowing accommodation for three vehicles. Perfectly positioned within the prestigious community of Heritage Pointe and surrounded by rolling landscapes, peaceful pathways, and natural beauty, this executive villa offers a rare blend of luxury, tranquility, and low-maintenance living. With landscaping and snow removal taken care of, and just minutes from golf, dining, shopping, South Health Campus, and nearby Seton amenities, this exceptional property delivers refined bungalow living without compromise. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.58 Ft x 6.58 Ft | |
| Wine Cellar | 11.58 Ft x 13.92 Ft | |
| Bedroom | 13.42 Ft x 14.58 Ft | |
| Bedroom | 13.92 Ft x 11.92 Ft | |
| Media | 31.50 Ft x 19.58 Ft | |
| Furnace | 13.50 Ft x 17.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.58 Ft x 6.00 Ft | |
| 5pc Bathroom | 15.00 Ft x 12.50 Ft | |
| Dining room | 9.83 Ft x 19.75 Ft | |
| Foyer | 7.75 Ft x 8.58 Ft | |
| Kitchen | 19.00 Ft x 17.08 Ft | |
| Laundry room | 7.58 Ft x 12.50 Ft | |
| Living room | 13.50 Ft x 17.83 Ft | |
| Office | 11.25 Ft x 9.42 Ft | |
| Primary Bedroom | 13.42 Ft x 14.50 Ft | |
| Other | 7.58 Ft x 7.92 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
$6,574
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.
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 May 26, 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 Heritage Pointe. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.