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607 Lakeshore Drive
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Cold Lake · Hospitality · under $1,450,000. Alerts only send when there are new or meaningfully updated matching homes.
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Overlooking Cold Lakes 236 boat slip Marina, the brand new Boardwalk Promenade at Lakeshore Drive & Sailboat Regattas, stands this grand and stunning property. Beautifully landscaped and complete with a plum tree, two apple trees, and a crabapple tree. Currently operating out of the property is the Waterfront Harbour Bed & Breakfast. It is set up perfectly for this use with a spacious owners suite for live-in operation. There is, of course, potential for myriad other business opportunities! With over 4,600 square feet, the property has a total of 9 bedrooms, 8 bathrooms, two kitchens, two dining rooms, multiple living area spaces, and three outdoor patios/decks. Pride of ownership shines through with beautiful custom cabinetry, impeccable upkeep, and polished hardwood and ceramic flooring.Its present use as Bed & Breakfast features 5 guest suites with private bathrooms as well as a large 2 bedroom / 2 bathroom suite with full kitchen, presently used as the owner’s suite: -Main floor guest suite with private bathroom and direct access to the front deck -2 Bedroom / 2 Bathroom Suite with full kitchen in the rear of the main level -Three 1 bedroom guest suites (all with private bathrooms) on the second floor - two with access to the upper deck, overlooking Cold Lake -3 bedroom guest suite on the 3rd level with private bathroomCompleting the property is a 4-car detached garage and tons of additional outside parking. (id:65958)
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
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Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
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Inspection considerations
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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 Jul 2, 2026.
Buyer-fit signals
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