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43532 Range Road 114
Stunning 12.23-acre property in the Village of Lougheed offering over 2,000 sq ft of main floor living plus a fullydeveloped walkout basement. The main floor features a chef’s kitchen with full side-by-side fridge and freezer, doublewall ovens, Blanco Antico granite countertops, knotty pine cabinetry in hot-chocolate stain, a main floor office, mainfloor laundry, and a spacious living room with vaulted knotty pine ceiling and gas fireplace. The master bedroom is atrue retreat with its own gas fireplace and a massive ensuite complete with separate soaker tub, walk-in shower, hisand hers vanities, and an oversized walk-in closet. The walkout basement offers a theatre room with projector, screenand seating included, three additional bedrooms — two with their own private ensuites — and access to a covereddeck space of approximately 60x14 ft. The 3-car attached garage features radiant heat and floor drains. Outside, a60x80 heated shop with 18 ft walls and mezzanine suite potential, a fully equipped 6-stall equestrian barn withdrive-through access and cedar Dutch barn doors, an outdoor riding arena, and approximately 400 planted treesacross an immaculate yard — all built in 2016. All woodwork crafted locally by Pederson’s Cabinets, Killam AB. Adetailed feature sheet with full specs is available in the additional documents (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 23.92 Ft x 29.33 Ft | |
| Bedroom | 16.00 Ft x 11.00 Ft | |
| 3pc Bathroom | 9.17 Ft x 5.33 Ft | |
| Bedroom | 15.92 Ft x 12.00 Ft | |
| 4pc Bathroom | 8.75 Ft x 9.00 Ft | |
| Other | 6.58 Ft x 8.92 Ft | |
| Bedroom | 13.42 Ft x 12.92 Ft | |
| Media | 25.00 Ft x 19.92 Ft | |
| 3pc Bathroom | 9.50 Ft x 5.50 Ft | |
| Furnace | 9.67 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 24.67 Ft x 21.50 Ft | |
| Kitchen | 16.33 Ft x 17.00 Ft | |
| Dining room | 16.33 Ft x 8.83 Ft | |
| Sunroom | 14.67 Ft x 13.25 Ft | |
| Primary Bedroom | 16.58 Ft x 16.67 Ft | |
| 5pc Bathroom | 16.08 Ft x 14.00 Ft | |
| Other | 12.17 Ft x 14.00 Ft | |
| Office | 12.50 Ft x 9.17 Ft | |
| Laundry room | 8.92 Ft x 7.75 Ft | |
| 2pc Bathroom | 5.50 Ft x 5.50 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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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
-0.75%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,666
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 Jun 15, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.