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55 White Pelican Way
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Welcome to your own piece of paradise at Lake McGregor Country Estates. Thoughtfully custom built and finished to an exceptional standard, this stunning home offers over 3,300 square feet of developed living space, five bedrooms, and 3.5 bathrooms, all designed with comfort, quality, and family living in mind. Whether you’re searching for a year-round residence, a luxurious vacation retreat, or exploring the potential for short-term rental income, this property offers endless possibilities.From the moment you step through the front door, it’s clear this home is something special. Rich custom cabinetry, granite countertops, slate flooring, hardwood accents, plantation shutters, and elegant stained-glass lighting create a timeless feel, while thoughtful touches like a granite dining table, cast iron sink, wine fridge, and butler’s pantry elevate everyday living. The chef’s kitchen is beautifully appointed with a gas cooktop, built-in wall oven and microwave, and abundant storage.The spacious layout was built for gathering, featuring two gas fireplaces, including one in the luxurious primary retreat. Unwind in the jetted tub after a day on the lake or enjoy the warmth and ambiance of your private ensuite fireplace. With five bedrooms and 3.5 bathrooms, there is plenty of room for family and guests alike, making it ideal for entertaining or accommodating guests seeking a memorable lake getaway.Built with quality in mind, the home features boiler heating with in-floor heat in the basement, providing comfortable and efficient warmth throughout. Skylights flood the home with natural light, while the low-maintenance yard means more time spent enjoying everything Lake McGregor has to offer.Situated within the sought-after Lake McGregor Country Estates community, residents enjoy access to a private clubhouse, outdoor pool, beach, boating, recreation facilities, and a vibrant lake lifestyle, all for an affordable monthly HOA fee. The property’s size, layout, and locati on also present an excellent opportunity for those looking to explore Airbnb or short-term rental potential (subject to applicable rules and regulations).This is more than just a home—it is a lifestyle. A truly high-end custom property that must be seen to be fully appreciated. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.42 Ft x 5.00 Ft | |
| Bedroom | 13.92 Ft x 10.50 Ft | |
| Bedroom | 13.83 Ft x 10.50 Ft | |
| Bedroom | 13.83 Ft x 9.67 Ft | |
| Furnace | 13.92 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 8.67 Ft x 8.67 Ft | |
| Dining room | 14.83 Ft x 11.08 Ft | |
| Foyer | 5.25 Ft x 9.08 Ft | |
| Kitchen | 14.83 Ft x 10.83 Ft | |
| Living room | 14.25 Ft x 10.83 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 16.42 Ft x 6.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Bedroom | 23.67 Ft x 9.67 Ft | |
| Primary Bedroom | 29.08 Ft x 11.00 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
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
7.09%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,753
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.
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.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.