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328 Cove Road
Beds
3
Baths
3
Sqft
1,435
Year
2002
Type
Single Family
On market
61d
Welcome to 328 Cove Road in Chestermere, a fantastic walkout bungalow located in the exclusive community of The Cove. This beautiful community is tucked into the northeast part of the city right off the north end of the lake, offering a great path system, easy access to the entire Lake of Chestermere, and lovely parks.As you walk in the front door, you're going to notice this home has a unique and fantastic layout for a bungalow. There are two bedrooms up, including an incredible primary suite at the back of the home that includes a walk-in closet and a 4-piece ensuite. At the front of the house, you have a full-size bedroom that could be used as an office if you like; it also has a 4-piece bath right beside it, which is rare as you typically only get a 2 or 3-piece bath on the main floor for the extra bedroom. There is also a formal dining area that can be used as an office instead, if you don't want to use the bedroom for that purpose.The basement is perfectly set up for entertaining with a wide-open TV space, a wet bar, and a games room. This level also features a bedroom with an incredible Walk in Relax A Mist Steam Shower, complete with overhead rain bird, 4 shower jets and hand held spray nozzle…it’s to die for. Outside, the back patio under the deck has been enclosed for a 3-season sunroom which is awesome for entertaining, though these walls are easily removed if that's not your thing. The west-facing back deck encompasses the entire width of the house and overlooks your treed backyard, making it a beautiful spot to relax. This is 328 Cove Road—for more details including our full length narrated video, 360 Virtual Tour, and floor plans, all you have to do is click the links below. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 11.58 Ft x 11.17 Ft | |
| Other | 9.42 Ft x 5.17 Ft | |
| Bedroom | 16.50 Ft x 11.08 Ft | |
| Dining room | 14.08 Ft x 12.83 Ft | |
| Family room | 28.75 Ft x 18.33 Ft | |
| Laundry room | 9.58 Ft x 12.33 Ft | |
| Storage | 10.75 Ft x 7.75 Ft | |
| Furnace | 5.50 Ft x 12.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 9.42 Ft | |
| 4pc Bathroom | 10.25 Ft x 8.25 Ft | |
| Bedroom | 10.25 Ft x 11.75 Ft | |
| Dining room | 9.08 Ft x 15.33 Ft | |
| Family room | 15.25 Ft x 12.00 Ft | |
| Kitchen | 12.92 Ft x 15.33 Ft | |
| Living room | 13.00 Ft x 11.25 Ft | |
| Primary Bedroom | 20.42 Ft x 11.67 Ft | |
| Other | 8.00 Ft x 11.67 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
-1.04%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,147
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 May 28, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chestermere. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.