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Chestermere · Single Family · under $1,300,000 · 4+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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380 Watercrest Place
This exceptional, newly constructed two-storey residence is located in the prestigious Waterford Estates community in Chestermere, offering thoughtfully designed living space that perfectly balances luxury, functionality, and modern elegance. Ideal for families seeking both comfort and sophistication, this home features five generously sized bedrooms and four full bathrooms, all finished with high-quality materials and attention to detail. The main floor is designed with an open-concept layout and showcases impressive proportions throughout. A spacious family room and an expansive formal living room provide multiple areas for relaxation and entertaining, while the dining area seamlessly connects to the well-appointed kitchen. The chef-inspired kitchen is complemented by a dedicated servery, offering added convenience for hosting and everyday use. A main-floor bedroom with its own private 3-piece ensuite enhances flexibility for guests or multi-generational living, while an additional 2-piece bathroom completes the level. The oversized garage ensures ample space for vehicles and storage. Upstairs, the home continues to impress with a thoughtfully planned layout featuring four additional bedrooms. The primary suite serves as a private retreat, complete with a luxurious 5-piece ensuite. Additional bedrooms are generously sized and well-served by a combination of private and shared bathrooms, including a 3-piece ensuite and a 4-piece bath. A versatile den provides the perfect space for a home office, study, or lounge area, while the dedicated laundry room adds everyday practicality. The expansive unfinished basement offers incredible potential for future development, allowing homeowners to customize the space to suit their lifestyle—whether as additional living space, a recreation area, or a home gym. Situated on a spacious lot, the property provides ample outdoor space for gardening, recreation, or relaxation. Located in a highly desirable and family-friendly neighborh ood, residents enjoy convenient access to schools, shopping, and recreational amenities. This home represents a rare opportunity to own a refined and spacious property in one of Chestermere’s most sought-after communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 3.40 M x 3.67 M | |
| Other | 12.28 M x 11.20 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 2.13 M x 1.56 M | |
| 3pc Bathroom | 1.49 M x 2.61 M | |
| Dining room | 3.17 M x 3.28 M | |
| Family room | 5.10 M x 5.61 M | |
| Kitchen | 2.88 M x 6.42 M | |
| Living room | 4.67 M x 5.96 M | |
| Other | 3.98 M x 2.39 M |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 1.58 M x 2.78 M | |
| 4pc Bathroom | 1.53 M x 2.61 M | |
| 5pc Bathroom | 3.26 M x 3.72 M | |
| Bedroom | 4.18 M x 4.05 M | |
| Bedroom | 3.37 M x 3.68 M | |
| Bedroom | 3.37 M x 4.10 M | |
| Den | 3.45 M x 4.22 M | |
| Laundry room | 2.95 M x 1.88 M | |
| Primary Bedroom | 5.10 M x 4.54 M |
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
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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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
-0.73%
Cap rate
4.72%
GRM
13.9
Break-even rent
$7,302
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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