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Investment signal

$949,000

2401 Garbutts Lake Road

Save this home

Beds

2

Baths

1

Sqft

Year

1971

Type

Recreational

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort Steele. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Norbury Lakefront Retreat! Escape to a picture-perfect lakeside paradise on 1.13 acres of serene Norbury Lake waterfront. This all-season retreat offers 72.68 feet of shoreline with breathtaking mountain views, where loons, herons, and eagles are your daily companions. The 1,095 sq ft home features 2 cozy bedrooms and 1.5 baths, perfectly sized for family getaways or peaceful living. A massive 904 sq ft detached triple garage provides ample space for all your toys, while a 161 sq ft shed is also available to store your fishing and boating essentials. The south-facing yard, fenced on three sides, is ideal for kids, pets, and lakeside entertaining. Whether you're enjoying morning coffee on the deck or watching the sunset glisten on the water, this property captures the essence of “On Golden Pond.” Perfect as a personal retreat, vacation rental, or investment opportunity—don't miss your chance to own this rare piece of lakefront heaven. (id:65958)

Subtype
Recreational
Architectural style
Bungalow
Structure
House
Community
CRANL Ft. Steele to Wardner
Common interest
Freehold
Living area
1,095 square feet
Lot size
1.13 acres
Lot dimensions
1.13
Parking
3 total
Stories
2
Fireplace
1
On market
Apr 20, 2026
Status changed
Apr 21, 2026
Annual tax
$2,979.26
Photos
40
MLS#
10384115
Area
FORT_STEELE

Features and systems

Parking

Detached GarageAdditional Parking

Appliances

Range - ElectricDishwasherRangeWasher & Dryer

Heating

Baseboard heatersElectric

Exterior

Wood

Flooring

LaminateCarpetedLinoleum

Roof

MetalUnknown

View

Lake viewMountain view

Waterfront

Waterfront on lake

Security

Smoke Detector Only
Negative cash flow ~$1,035/mo at these assumptions

Cash on cash

-6.55%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,840

Financing

Down payment$189,800
Loan amount$759,200
Mortgage$3,847/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$791
CapEx reserve$395
Vacancy loss$238

Estimates 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.

Mortgage estimate

Estimated $3,847/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.

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