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Prince Albert · Single Family · under $700,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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3040 Lakeview DRIVE
Here's an amazing, like new, 5 year old Lakeview Estates property available to purchase! Five bedrooms with a separate entry basement, legal suite! Currently there is a great tenant that would like to stay! Bright, open concept main floor with 9' ceilings, ceramic tile and laminate flooring throughout. Large, stylish white kitchen with granite countertops. Patio doors lead to a large deck overlooking a huge, fully fenced back yard. There is main floor laundry and 4 piece bathroom, with 3 bedrooms including a very spacious master bedroom with a large walk in closet and 3 piece ensuite to finish off the upstairs. The basement has a good sized family room, storage closet and utility room. The basement suite has it's own private access with separate heat and power meter. The basement also boasts 9' ceilings and the same bright, open layout. Basement suite also has a beautiful white kitchen with a spacious living/dining area, 4 piece bathroom, separate laundry and two spacious bedrooms with tons of storage space. There is a heated, direct entry, 24x29' double garage. House features durable Hardy board and stone exterior, central air conditioning, air exchanger and natural gas BBQ hookup. There is meticulously manicured front and back yards. This newer house has it all! Don't miss out on this must see, beautiful home in prestigious Lakeview Estates. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 15'8 x 11'6 | |
| Other | 13'8 x 7'0 | |
| Living room | 20'2 x 12'8 | |
| Kitchen | 11'6 x 7'10 | |
| Bedroom | 9'10 x 11'4 | |
| 4pc Bathroom | 5'0 x 8'0 | |
| Bedroom | 11'2 x 10'0 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6'0 x 8'0 | |
| Living room | 18'0 x 12'2 | |
| Dining room | 13'0 x 11'6 | |
| Kitchen | 13'0 x 9'0 | |
| Bedroom | 10'4 x 10'0 | |
| Bedroom | 10'4 x 10'0 | |
| Primary Bedroom | 13'6 x 10'4 | |
| 3pc Ensuite bath | 5'0 x 8'0 | |
| Storage | 6'0 x 6'0 | |
| 4pc Bathroom | 5'0 x 8'0 |
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
-1.17%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,905
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
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 2, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.