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Reduced $20,000 (2%) from $1,090,000
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243 Whispering Water Way
Beds
5
Baths
4 full + 1 half
Sqft
2,323
Year
2003
Type
Single Family
On market
54d
Welcome to Elbow Valley, one of Calgary’s premier estate communities and a nationally recognized neighbourhood named Canada’s Community of the Year (twice) and Calgary’s Community of the Year (four times). Known for estate homes, natural surroundings, and private amenities, it offers peaceful living just minutes from the city.This home sits on a large estate lot with no rear neighbours, offering privacy, open views, and a quiet natural setting.Offering over 3,400 sq. ft. of developed living space, this home features 5 bedrooms and 3.5 bathrooms, including a fully finished walkout basement. Central air conditioning provides year-round comfort throughout.A spacious front foyer welcomes you in, with a dedicated main-floor office just off the entry. The main level is bright and open-concept, designed for both everyday living and entertaining with excellent natural light throughout.The gourmet kitchen includes a gas cooktop, quartz counters, oversized island with storage, abundant cabinetry, and a coffee station. It flows into the dining area, which opens onto a south-facing balcony, ideal for morning coffee or evening sunsets.Main floor also includes a powder room and laundry area, adding everyday convenience to the thoughtful layout.Upstairs, the primary suite offers a spacious retreat with a 5-piece ensuite featuring dual sinks, his and hers closets, and access to a private south-facing veranda. Two additional bedrooms and a 4-piece bathroom complete the upper level, offering a well-balanced family layout.The walkout basement extends the living space with two additional bedrooms and a large recreation room, providing flexible use for guests, extended family, or entertainment, while maintaining a natural connection to the upper levels.The backyard is a standout feature—south-facing, over 7,000 sq. ft., and backing onto open space with no rear neighbours. A fire pit area creates an inviting outdoor setting designed for year-round enjoyment.Residents enj oy the Elbow Valley Residents Club, offering a fitness facility, meeting rooms, and year-round programming including fitness classes, seasonal events, and social gatherings that foster a strong sense of community.The neighbourhood is further enhanced by three private lakes for swimming, skating, and fishing, along with beaches, playgrounds, picnic areas, fire features, and an extensive network of walking and biking trails woven through preserved natural green space.For golf enthusiasts, Elbow Springs Golf Club is just minutes away, offering 27 holes in a scenic river valley setting.Despite its quiet, estate-style atmosphere, Elbow Valley offers excellent connectivity with quick access to Stoney Trail, providing efficient routes to Calgary, the airport, and all major districts.A rare opportunity to own a home of this size, setting, and quality in one of Calgary’s most established and sought-after estate communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.00 Ft x 4.92 Ft | |
| Bedroom | 16.33 Ft x 12.83 Ft | |
| Bedroom | 12.83 Ft x 12.17 Ft | |
| Recreational, Games room | 26.25 Ft x 18.75 Ft | |
| Furnace | 14.75 Ft x 12.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.83 Ft x 5.25 Ft | |
| Dining room | 6.58 Ft x 12.75 Ft | |
| Kitchen | 17.00 Ft x 15.75 Ft | |
| Living room | 17.83 Ft x 13.00 Ft | |
| Office | 13.25 Ft x 9.42 Ft | |
| Primary Bedroom | 17.50 Ft x 15.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 11.08 Ft | |
| 5pc Bathroom | 9.92 Ft x 13.00 Ft | |
| Bedroom | 14.58 Ft x 14.83 Ft | |
| Bedroom | 14.58 Ft x 15.67 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
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Insurance estimate
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Commute
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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)
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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.
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 Rural Rocky View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.