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7 Lodge Place
Beds
3
Baths
3 full + 1 half
Sqft
1,342
Year
2006
Type
Single Family
On market
27d
Discover the perfect family retreat in the heart of Lakeway Landing! This fully finished home is found on a quiet close & features a bright and functional layout. The main floor is bathed in natural light from large west-facing windows and includes a spacious kitchen with a corner pantry, tile backsplash, and a gas stove, new fridge & lots of cupboards and counter space. Transition through the patio doors to your private oasis: a massive two-tiered deck with a gazebo, natural gas BBQ line, a firepit, and a fully fenced yard—ideal for pets and entertaining.The upper level boasts two generous bedrooms plus a versatile den, (seller got a quote for $2600 to convert to a bedroom) perfect for a home office or nursery. The primary suite includes a walk-in closet and a jack & jill bathroom. The fully developed basement adds a third large bedroom, a massive rec room, and a 3pc bath with a deep soaker tub. Notable upgrades include convenient Air Conditioning for those hot summer days, a detached 24'x20' garage (perfect for a workshop or "man cave"), new shingles (House 2019/Garage 2023), and RV parking with alley access. Located just two blocks from Fox Run Middle School, parks, and playgrounds in Alberta’s fastest-growing community. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 10.83 Ft x 18.58 Ft | |
| 3pc Bathroom | 4.92 Ft x 10.83 Ft | |
| Bedroom | 8.75 Ft x 10.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.75 Ft x 11.42 Ft | |
| Living room | 14.08 Ft x 13.00 Ft | |
| 2pc Bathroom | 2.42 Ft x 6.58 Ft | |
| Dining room | 10.75 Ft x 11.42 Ft | |
| Laundry room | 5.92 Ft x 5.67 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.75 Ft x 10.58 Ft | |
| Bedroom | 8.75 Ft x 11.67 Ft | |
| Primary Bedroom | 11.92 Ft x 12.00 Ft | |
| Other | 4.42 Ft x 5.75 Ft | |
| Den | 7.83 Ft x 14.33 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
-1.54%
Cap rate
4.56%
GRM
13.9
Break-even rent
$2,874
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 May 13, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sylvan 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.