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New buildInvestment signal

$578,900

434 South Shore Drive

Beds

3

Baths

3.1

Sqft

Year

2026

About this home

Stylish, steps to the lake, and ready for you to call home. Welcome to this beautifully appointed, brand-new, award-winning Alliston at Home front-attached garage duplex, ideally located just steps from Chestermere Lake. Offering a thoughtful and functional floor plan with gorgeous finishes throughout, featuring 3 bedrooms, 2.5 bathrooms, a side entrance to the basement and backing onto a pathway with a lake view, what's not to love? Inside, the open concept kitchen, living room and dining area features wide luxury vinyl plank flooring and airy 9' ceilings, creating a bright and spacious feel. The kitchen will please the chef of the home with quartz countertops, a large island perfect for meal prep and entertaining, classic white 42" cabinets, sleek stainless steel appliances and a dedicated pantry. Triple-pane windows, which are a standard feature at Alliston Homes, flood the space with natural light. A powder room and a spacious foyer with a large closet off the double-attached garage complete the main level. Step outside to the sunny backyard, complete with a deck equipped with a gas line for BBQs, and enjoy lake views year-round. Whether swimming in the summer or skating in the winter, this location is all about connection to the outdoors. The spacious yard offers ample space for children or pets to play. Upstairs, the primary suite is a comfortable retreat, featuring a large walk-in closet and a spa-inspired ensuite with dual sinks and a spacious walk-in shower. Two additional bedrooms and a convenient laundry room complete the 2nd level. The unfinished basement, with 9-foot ceilings and a side entrance, offers endless potential for future development and equity-building ideas. This property is turnkey, complete with front and back landscaping, and is close to schools, shopping, and the city. (id:65958)

Subtype
Single Family
Lot size
271.67 square meters
MLS#
A2298802
Area
CHESTERMERE
Negative cash flow ~$1,155/mo at these assumptions

Cash on cash

-11.97%

Cap rate

3.49%

GRM

16.6

Break-even rent

$4,116

Financing

Down payment$115,780
Loan amount$463,120
Mortgage$2,841/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$265
Insurance$80
Maintenance$482
CapEx reserve$241
Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $2,841/mo at 5.49% with 20% down, 25-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 16, 2026.

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