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51 Lott Creek Landing
Welcome to this Walkout Bungalow offering over 3800 sf of finished living space. This Morrison Built Executive home is nestled on a quiet street steps from the premier semi-private Elbow Springs Golf Course offering 27 picturesque holes. Located in Lott Creek, this 2 bedroom up, 2 bedroom down home has loads of potential in this prestigious Springbank Neighbourhood. Features soaring vaulted ceilings on the main, open gourmet kitchen, with stainless steel appliances with gas range, granite countertops, central island and a Butler’s Pantry that leads to a formal dining room that could easily become an Office. The handsome wide plank hardwood floors are only a couple of years old. The Open concept floorplan is perfect for entertaining including the living room with 2-sided fireplace with stone surround. The large deck off the dining nook gets great late day sun from the West. The Primary Suite features dual sinks, plenty of storage, a soaker tub, Steam Shower, and Walk-In Closet The 2nd Bedroom has access to the Full Bathroom. The Mud Room, with Laundry Room leads to the Double attached garage which could likely fit 3 cars given its size - 24 ‘ x 31’. The walkout level offers a massive Rec Room with a wet bar nicely tucked away. Large windows bring in loads of natural light, and the French doors open onto a stamped concrete patio and an impressive, fully fenced in yard with loads or perennials. Access the greenspace behind the home through the back gate. The lower-level bedrooms are generously sized and share a full bathroom with a stand-up shower. Basement also features In-Floor heat and is wired for sound with built-in speakers. Walk to the clubhouse with great restaurant, hit the range and practice facilities or book your tee time to enjoy your country surroundings. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.50 Ft x 16.42 Ft | |
| Bedroom | 13.42 Ft x 12.75 Ft | |
| Recreational, Games room | 41.50 Ft x 18.25 Ft | |
| Other | 7.83 Ft x 10.83 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Furnace | 11.17 Ft x 22.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 20.75 Ft x 16.00 Ft | |
| Dining room | 16.92 Ft x 11.92 Ft | |
| Living room | 22.67 Ft x 24.67 Ft | |
| Laundry room | 7.00 Ft x 12.67 Ft | |
| Primary Bedroom | 10.00 Ft x 17.50 Ft | |
| Bedroom | 10.00 Ft x 17.50 Ft | |
| 5pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 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
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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
-0.71%
Cap rate
4.72%
GRM
13.9
Break-even rent
$8,575
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 13, 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.