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46 Lake Shore Drive
World-class waterfront living on Lower Kananaskis Lake surrounded by the breathtaking natural beauty of Peter Lougheed Provincial Park. This lakefront residence offers glimmering water views, mountain vistas, exceptional craftsmanship and alpine elegance. Enjoy direct waterfront access for picnics, canoeing, kayaking, stand-up paddleboarding, or relaxing in one of Alberta’s most spectacular mountain settings. Exquisitely built as a custom 1 1/2-storey walk-out post and beam residence, the home was designed to blend into the natural slope of the lot and complement the landscape. Organic forms and natural materials define the architecture, with argillite stone exterior, cedar log posts, Douglas Fir timber accents, Western Red Cedar trims, copper detailing, and expansive rake windows framing uninterrupted mountain and lake views. Inside, soaring vaulted ceilings, exposed Douglas Fir beams, cedar-lined ceilings, reclaimed wood, slate flooring, custom tile work, copper fixtures, hand carvings, and artful lighting create a refined yet rustic mountain lodge atmosphere. The open concept main floor is anchored by a grand Rumford wood-burning fireplace with argillite stone. A wall of windows fills the living room, dining area, and kitchen with natural light while showcasing lake and mountain views.The gourmet kitchen offers granite countertops and island, pull-out drawers, built-in microwave, Sub-Zero refrigeration, Wolf 5-burner gas range, and copper hoodfan and backsplash inlay. The main floor includes two bedrooms, a full bath, and thoughtful design for accessible or multi-generational living. A double-entry main floor bath maximizes functionality, while a small firewood hatch keeps firewood access easy and tidy. The private upper-level primary suite is a peaceful retreat with vaulted ceilings, a natural spa-inspired ensuite, and quiet separation from the main living areas. The walk-out lower level offers a third bedroom, additional 4-piece bath, family room, and a second stone fireplace, along with exterior access tucked behind a retaining wall for easy connection to the lake.Every detail speaks to the home’s quality and uniqueness. Reclaimed fir barn wood from 1897 and reclaimed fir from a 1947 abandoned warehouse add character, warmth, and rich patina throughout the flooring, stairs, and posts. Hand-carved animals, including bear, wolf, and mountain sheep, appear in the deck posts, while custom hand-cut bathroom tiles represent the Kananaskis mountain landscape. Copper accents, dedicated art lighting, and a custom bear gate with a moose-head design add function and whimsy while reflecting the home’s connection to local wildlife. Unprecedented in setting, quality, and character, this one-of-a-kind Kananaskis waterfront residence offers style, warmth, elegance, and an extraordinary connection to nature. With sensational lake frontage, mountain views, and exceptional post and beam craftsmanship, this is a truly remarkable Rocky Mountain retreat. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 21.25 Ft x 29.75 Ft | |
| Bedroom | 11.42 Ft x 16.25 Ft | |
| 4pc Bathroom | 7.17 Ft x 13.67 Ft | |
| Sauna | 9.67 Ft x 6.75 Ft | |
| Laundry room | 7.08 Ft x 8.25 Ft | |
| Furnace | 11.50 Ft x 9.25 Ft | |
| Other | 7.83 Ft x 5.50 Ft | |
| Hall | 11.67 Ft x 6.08 Ft | |
| Hall | 7.17 Ft x 10.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 6.00 Ft x 5.83 Ft | |
| Living room | 20.83 Ft x 19.83 Ft | |
| Kitchen | 11.58 Ft x 21.92 Ft | |
| Dining room | 18.83 Ft x 8.83 Ft | |
| Hall | 17.00 Ft x 6.00 Ft | |
| Bedroom | 11.83 Ft x 14.25 Ft | |
| Bedroom | 11.75 Ft x 14.33 Ft | |
| 3pc Bathroom | 6.92 Ft x 10.50 Ft | |
| Other | 4.58 Ft x 5.50 Ft | |
| Other | 8.08 Ft x 34.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 19.25 Ft x 18.83 Ft | |
| 5pc Bathroom | 11.92 Ft x 9.75 Ft | |
| Other | 4.08 Ft x 11.00 Ft | |
| Other | 11.92 Ft x 9.75 Ft | |
| Loft | 3.67 Ft x 11.17 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
-0.50%
Cap rate
4.76%
GRM
13.9
Break-even rent
$19,787
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 11, 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.