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Emma Lake · Single Family · under $975,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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251 Lakeshore DRIVE
Welcome to your Emma Lake escape, perfectly positioned in the Sunset Bay Community. Enjoy the best of both worlds with the marina, docks & beach directly across the street for effortless lake access without the maintenance. Conveniently located steps from Sunset Bay Resort and 5min away from Emma Lake Golf Course, Ambrose Grocery, Sunnyside Bar, Dee’s market & car-wash. This beautiful newly built bungalow offers easy, year-round living with a 4’ concrete crawlspace, bright open-concept layout, vaulted ceilings, and quality finishes throughout. The spacious kitchen flows seamlessly into the dining and living areas, creating the perfect space for entertaining family and friends after a day on the lake. Primary bedroom boasts a 3pc bathroom with large tiled shower & walk-in closet. 2 additional bedrooms, 4pc bathroom and laundry/mudroom finish off the main floor space. Heated tile featured in both bathrooms in the main cabin plus garage suite bathroom & foyer. Outside, you’ll appreciate the fully fenced yard featuring stamped concrete, and detached heated garage complete with a fully self-contained suite ideal for extended family, visitors, or generating additional income through short-term or seasonal rentals. Non-Conforming 2nd bedroom/office on main floor of garage that can be converted back to garage space. Additionally there is a 22KW Generac that runs both the main cabin & carriage house in the case of a power outage. Whether you’re searching for a family getaway, an investment opportunity, or a combination of both, this property checks every box. Enjoy boating, golfing, beaches, and all that Emma Lake has to offer, with the convenience of lake access without the responsibility of waterfront upkeep. A rare opportunity to own an incredibly versatile lake property in one of Emma Lake’s most desirable locations. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17’ x 14’6 | |
| Dining room | 10’ x 14’6 | |
| Kitchen | 10’ x 14’ | |
| Primary Bedroom | 12’ x 15’ | |
| 4pc Bathroom | — | |
| Bedroom | 11’ x 9’8 | |
| Bedroom | 11’ x 9’8 | |
| 4pc Bathroom | — | |
| Other | 7’8 x 19’ |
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
-0.90%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,542
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 26, 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.
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