We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
307 Mt Lorette Place SE
Beds
3
Baths
2
Sqft
1,016
Year
1994
Type
Single Family
On market
1d
Beautiful split level home in the highly sought after community of McKenzie Lake, offering exclusive lake access and an illegal basement suite. With over 1,790 sq ft of developed living space, this property is ideal for homeowners, investors, or multi generational living. The main level features approximately 1,015 sq ft and includes a spacious primary bedroom, a full 4 piece bathroom, a second bedroom, and a versatile flex room that can easily be converted into an additional large bedroom, recreation space, or family room. The bright, open concept layout seamlessly connects the living room, dining area, and kitchen, creating an inviting space for both everyday living and entertaining. Step outside to a magnificent back deck complete with a pergola and included patio furniture, perfect for enjoying Calgary’s warmer months. Both the front and backyard are beautifully landscaped, and the property is complemented by a large detached double garage with convenient alley access. The illegal basement suite offers excellent space for extended family or guests, featuring a comfortable living area, kitchen, one bedroom, and a 3 piece bathroom. Located just minutes from Macleod Trail and Stoney Trail Ring Road, this home provides easy access across the city while offering the lifestyle benefits of McKenzie Lake, including private beach and lake privileges. The home is also ideally situated close to the Bow River and an extensive pathway network for walking and biking, with easy access to Fish Creek Provincial Park. This is a rare opportunity to own a versatile, well appointed home in one of Calgary’s most desirable lake communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 21.75 Ft x 8.67 Ft | |
| Other | 6.50 Ft x 2.83 Ft | |
| Bedroom | 9.50 Ft x 9.17 Ft | |
| 3pc Bathroom | 8.17 Ft x 5.92 Ft | |
| Living room/Dining room | 13.67 Ft x 16.08 Ft | |
| Kitchen | 13.25 Ft x 6.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.42 Ft x 11.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.25 Ft | |
| Kitchen | 12.33 Ft x 9.92 Ft | |
| Living room | 12.25 Ft x 13.75 Ft | |
| Dining room | 7.92 Ft x 11.50 Ft | |
| Dining room | 13.25 Ft x 9.33 Ft | |
| Bedroom | 7.25 Ft x 8.92 Ft | |
| Other | 6.25 Ft x 5.75 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
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
-1.36%
Cap rate
4.59%
GRM
13.9
Break-even rent
$3,353
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.