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614 Ghost Lake Village
Beds
4
Baths
4 full + 1 half
Sqft
1,962
Year
2003
Type
Single Family
On market
0d
Welcome to the Summer Village of Ghost Lake, one of Alberta's most sought-after lake communities and a place where homes rarely come to market. Offering an incredible combination of lake access, recreational amenities, and year-round living, this is a rare opportunity to become part of a close-knit lakeside community just a short drive from Calgary.Situated on a corner lot directly across from the community golf course, this beautifully updated home blends comfort, functionality, and cottage charm. Originally built in 1959, the property underwent a substantial renovation and addition in 2003, creating the spacious home enjoyed today.The main level features a warm and inviting living room centered around a cozy wood-burning stove, while the kitchen is designed for both everyday living and entertaining. Highlights include custom countertops, stainless steel appliances, a premium Wolf gas range, and an oversized butcher block island with raised breakfast bar seating. Large south-facing windows flood the home with natural light and overlook the mature landscaping that surrounds the property.The spacious primary retreat offers vaulted ceilings, abundant windows, a heated sunroom, and access to a private balcony. A separate guest suite with its own full bathroom and kitchenette provides excellent flexibility for visitors, extended family, or multigenerational living. The walkout lower level includes two additional bedrooms, another full bathroom, and a media room, creating plenty of space for family and guests.Outside, you'll appreciate the oversized double detached garage, established trees, and mature landscaping that provide both privacy and character. Recent improvements include new hot water tanks (2023 and 2024), a water treatment system (2021), and a new pressure tank (2026).The property is serviced by a well and septic system with a grandfathered septic field, a significant advantage within the village. Many properties in the area rely on holding tanks, making this an important long-term convenience and cost-saving feature.Life at Ghost Lake is about much more than the home itself. Residents enjoy private lake access, a boat launch, and the opportunity for permanent dock moorage. Unlike many nearby lake communities, you can keep your boat on the water throughout the season rather than launching and retrieving it each day. The community also features a 12-hole pitch-and-putt golf course, tennis courts, horseshoe pits, a community centre with a free library, a brand-new playground, and a sandy beach refreshed last year.Perhaps most importantly, homeowners enjoy these amenities without the burden of monthly condo fees. Combined with the ability to secure permanent boat moorage, this creates a lifestyle that is increasingly difficult to find in recreational communities near Calgary.Whether you're searching for a full-time residence, a weekend retreat, or a family getaway at the lake, this exceptional property offers a rare chance to own in one of Alber (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.08 Ft x 11.17 Ft | |
| Bedroom | 11.33 Ft x 11.42 Ft | |
| Bedroom | 11.33 Ft x 14.83 Ft | |
| Furnace | 10.33 Ft x 13.25 Ft | |
| Storage | 2.92 Ft x 12.25 Ft | |
| Family room | 11.17 Ft x 13.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.25 Ft | |
| Dining room | 11.17 Ft x 9.83 Ft | |
| Kitchen | 9.83 Ft x 15.42 Ft | |
| Living room | 13.42 Ft x 23.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.83 Ft x 8.83 Ft | |
| 4pc Bathroom | 9.33 Ft x 9.08 Ft | |
| Bedroom | 11.17 Ft x 25.25 Ft | |
| Other | 5.25 Ft x 14.92 Ft | |
| Sunroom | 9.50 Ft x 23.17 Ft | |
| Primary Bedroom | 16.17 Ft x 28.25 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
-0.88%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,512
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.
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 11, 2026.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ghost Lake. 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.