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320 Clearwater Cove
Beds
4
Baths
4 full + 2 half
Sqft
1,944
Year
2005
Type
Single Family
On market
39d
Twice named Canada's Community of the Year and four times Calgary's finest, Elbow Valley is not just an address — it's a standard of living that very few ever attain. Nestled within hundreds of acres of pristine natural parkland, just 20 minutes southwest of Calgary's downtown core, this private estate community is where architectural excellence and untouched wilderness coexist in perfect harmony. And within this already exceptional community, this home stands alone. Most homes in Elbow Valley remain largely as they were built. This one has been reimagined from the ground up.A fully and flawlessly renovated 4-bedroom, 4-bathroom residence, positioned on a quiet cul-de-sac with unobstructed views of Fisherman's Lake directly behind the property — the same lake stocked annually with trout for resident fishing, cleared each winter for skating, and framed by the kind of scenery that makes you forget the city exists. This is not a backdrop. It is a daily experience. The renovation is not cosmetic. Every decision reflects the taste and precision of someone who refused to compromise. Custom-ordered Talisman granite anchors a kitchen that was designed to impress and built to perform. All-new Lux triple-pane windows wrap the home in silence and light. A Juliet balcony off the primary suite frames the lake view like a painting, where the moon hangs over the water and the sunrise spills across the lake in a way that no architect could ever plan for, only lucky enough to capture. Home automation puts complete control of your environment at your fingertips. A whole-home generator system ensures that comfort is never contingent on circumstance. The craftsmanship extends beyond the interior. The three-car garage — an increasingly rare feature at this level, has been fully upgraded with custom door railing, whisper-quiet side-mount motors, and polished epoxy flooring. Even the spaces most homeowners overlook have been treated with the same uncompromising standard. Outside your doo r, Elbow Valley offers nearly 30 kilometres of nature trails, three private lakes, a community boathouse with kayaks and paddle-boards, tennis and pickleball courts, a beach, skating, fishing, and a Residents Club that serves as the social heartbeat of the community — all exclusive to residents. Aspen Landing and Discovery Ridge are minutes away for everything else. This is not a renovation. This is a reinvention. In a community where move-in-ready luxury at this level simply does not exist, this home is the exception — built for a buyer who knows exactly what they want and refuses to settle for anything less. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.08 Ft x 5.25 Ft | |
| 3pc Bathroom | 7.75 Ft x 9.92 Ft | |
| Bedroom | 11.67 Ft x 13.42 Ft | |
| Bedroom | 12.92 Ft x 13.42 Ft | |
| Bedroom | 12.83 Ft x 13.42 Ft | |
| Recreational, Games room | 24.83 Ft x 29.83 Ft | |
| Storage | 5.17 Ft x 7.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 6.42 Ft | |
| 5pc Bathroom | 14.58 Ft x 10.25 Ft | |
| Breakfast | 11.92 Ft x 13.00 Ft | |
| Dining room | 12.00 Ft x 13.42 Ft | |
| Foyer | 7.67 Ft x 6.33 Ft | |
| Kitchen | 11.92 Ft x 13.00 Ft | |
| Laundry room | 15.42 Ft x 9.25 Ft | |
| Living room | 12.83 Ft x 16.67 Ft | |
| Office | 10.33 Ft x 14.00 Ft | |
| Pantry | 5.17 Ft x 9.25 Ft | |
| Primary Bedroom | 15.50 Ft x 14.08 Ft | |
| Other | 7.83 Ft x 7.92 Ft | |
| Other | 15.33 Ft x 12.92 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
-0.58%
Cap rate
4.75%
GRM
13.9
Break-even rent
$14,337
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.