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46 Blue Heron Bay
Beds
5
Baths
4 full + 1 half
Sqft
2,419
Year
1997
Type
Single Family
On market
24d
This grand executive waterfront home is defined by timeless design and stunning features, beginning with its show-stopping curb appeal. From the gorgeous spiral staircase and elegant railings to the dramatic two-storey floor to ceiling windows overlooking the calm lake waters, every detail has been designed to blend sophistication with lakeside living. The Great Room offers the perfect balance of comfort and striking beauty, while the thoughtfully designed kitchen and dining area will impress any chef. From the flooring and lighting to the carefully selected paint colours, every finish throughout the home creates a sense of style. Spend summer days relaxing on the recently rebuilt decks overlooking the lake, just steps from the community beach and dock, or cozy up by the fireplace on chilly winter evenings. Upstairs, a unique open sitting area overlooks the water and leads to the stunning Primary Suite and second bedroom, both featuring private exterior balconies to fully enjoy the breathtaking surroundings. The luxurious ensuite is designed for relaxation and includes a walk-in closet, heated floors, double vanity, custom shower, and a soaker bubble tub. A spacious laundry room, full bathroom, and even more incredible lake views complete the upper level. The walkout basement is perfect for family gatherings and quiet evenings at home, featuring a large family room, wet bar, two additional bedrooms, and multiple storage rooms. Enjoy breathtaking views year-round while embracing the lifestyle you’ve always dreamed of. One of Southern Alberta’s best-kept secrets, Lake Newell offers deep, clear waters ideal for fishing, boating, sailing, kite-surfing, swimming, paddle boarding, skating, and endless ice activities. Anchor your boat or jet ski just offshore, fish from the dock, or dive into the sandy, crystal-clear water only steps from your door. Located just minutes from Brooks and conveniently off the Trans-Canada Highway between Calgary and Medicine Hat, Lake Newell Resort combines recreation, relaxation, and community living. Brand new walking paths encourage fun and fitness, whether on foot or wheels. This is more than a home - it’s a life you’ll never want to leave behind. Come for the living and stay for the lifestyle at Lake Newell Resort! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 10.83 Ft x 14.08 Ft | |
| 4pc Bathroom | 6.33 Ft x 8.75 Ft | |
| Bedroom | 14.25 Ft x 14.08 Ft | |
| Recreational, Games room | 29.92 Ft x 19.17 Ft | |
| Bedroom | 10.17 Ft x 9.75 Ft | |
| Storage | 6.25 Ft x 9.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 9.67 Ft x 7.92 Ft | |
| Dining room | 10.92 Ft x 13.83 Ft | |
| Kitchen | 12.33 Ft x 14.17 Ft | |
| Breakfast | 7.25 Ft x 14.17 Ft | |
| Living room | 20.58 Ft x 20.50 Ft | |
| 2pc Bathroom | 6.08 Ft x 8.00 Ft | |
| Bedroom | 11.50 Ft x 8.50 Ft | |
| Other | 5.08 Ft x 6.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 16.00 Ft x 7.50 Ft | |
| Primary Bedroom | 14.67 Ft x 14.42 Ft | |
| 5pc Bathroom | 14.75 Ft x 11.58 Ft | |
| Bedroom | 11.75 Ft x 10.25 Ft | |
| 3pc Bathroom | 8.67 Ft x 8.67 Ft | |
| Laundry room | 8.08 Ft x 15.83 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
-0.78%
Cap rate
4.71%
GRM
13.9
Break-even rent
$7,211
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lake Newell Resort. 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.