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41 Edgewater Link
FINAL OPPORTUNITY TO BUILD IN WATERMARK AT BEARSPAW! This rare offering presents one final opportunity to create your custom home in this highly sought-after community. Featuring The Preston, a stunning 4-bedroom prairie modern bungalow that blends timeless architectural lines with sophisticated, contemporary elegance, creating an unforgettable street presence. Inside, an expansive open-concept layout is defined by soaring ceilings, a chef-inspired kitchen, and seamless indoor-outdoor living that flows effortlessly to covered decks and private retreat spaces. A luxurious primary suite, dedicated executive office, and thoughtfully designed living areas elevate both comfort and function. The fully developed lower level is designed for exceptional entertaining, complete with a media room and golf simulator, delivering a true resort-style experience at home. Home backs west and sides to greenspace!Your family will flourish in these surroundings! Watermark is a distinctive estate community located adjacent to Calgary – enjoy country living right next door to the city giving you access to all amenity, full services and ease of access to all aspects of the City. Within the community enjoy the many pathways, parks and playgrounds as well as the Central Plaza with its pavilion, picnic areas, fire pit, sports court, and grass fields. Next door is the Glenbow Ranch Provincial Park – a world class network of trails, fishing, picnicking and interpretive programs. The HOA fee lets you enjoy front yard maintenance; weekly garbage and recycling pickup; as well as snow removal on streets/community pathways and general maintenance of the common areas of the community. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.00 Ft x 12.33 Ft | |
| Bedroom | 11.00 Ft x 12.33 Ft | |
| Bedroom | 10.50 Ft x 15.00 Ft | |
| Exercise room | 11.67 Ft x 12.50 Ft | |
| Media | 17.50 Ft x 20.00 Ft | |
| Recreational, Games room | 13.00 Ft x 18.33 Ft | |
| 4pc Bathroom | 8.50 Ft x 15.00 Ft | |
| 3pc Bathroom | 6.00 Ft x 7.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Den | 11.00 Ft x 12.00 Ft | |
| Foyer | 9.00 Ft x 13.50 Ft | |
| Great room | 18.00 Ft x 20.50 Ft | |
| Kitchen | 13.00 Ft x 22.50 Ft | |
| Dining room | 11.00 Ft x 13.00 Ft | |
| Primary Bedroom | 12.50 Ft x 14.50 Ft | |
| Other | 8.50 Ft x 12.00 Ft | |
| 6pc Bathroom | 10.00 Ft x 15.00 Ft | |
| Laundry room | 7.00 Ft x 10.00 Ft | |
| Pantry | 6.00 Ft x 10.00 Ft | |
| Other | 7.00 Ft x 12.00 Ft | |
| 2pc Bathroom | 6.00 Ft x 6.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Office | 12.50 Ft x 13.50 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
-0.51%
Cap rate
4.76%
GRM
13.9
Break-even rent
$18,143
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 20, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.