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947 Lake Placid Drive SE
Beds
4
Baths
4 full + 1 half
Sqft
2,671
Year
1975
Type
Single Family
On market
18d
A rare opportunity to own an outstanding lakefront property in one of Lake Bonaventure’s most coveted locations, where homes seldom come to market. The picturesque lake is only accessible to 143 homes, making it one of the city’s most private and exclusive enclaves. Not only are you lakefront, but the view of the mountains, the waterfall, and the meticulously landscaped southwest backyard create a backdrop of unmatched beauty and serenity, offering a setting that feels worlds away from the everyday. This home has been lovingly maintained, but also presents an incredible canvas to renovate or build the masterpiece you’ve always envisioned in a truly once-in-a-lifetime lot. Step inside to find a large dining room for memorable gatherings and festive celebrations. The updated, sunny kitchen features ample cabinets, an island, stainless appliances, a sitting area and a wall of windows framing breathtaking views. A cozy family room with a fireplace provides a spot to relax. There are three bedrooms upstairs including a large primary suite, with two walk in closets, a sitting area, ensuite bathroom and a balcony overlooking the lake. The bonus room also has incredible views, and is a welcoming space to watch TV or work from home. A large basement recreation room is the spot for kids to play, plus there is a fourth bedroom with it’s own ensuite, a secondary laundry room and lots of storage on this level. Outside, a massive deck covered by an awning, a hot tub, a dock, mature trees, flower beds full of perennials, and a greenhouse create an extraordinary oasis designed for relaxing, entertaining, and enjoying the surroundings year round. Added privacy comes from having no neighbour on one side, only a quiet access road. This is a home where everyone will naturally gather to soak in the views, play in the water, spend days on the dock and create unforgettable memories. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 10.58 Ft x 11.83 Ft | |
| Family room | 13.42 Ft x 28.00 Ft | |
| Cold room | 8.00 Ft x 6.00 Ft | |
| Furnace | 11.75 Ft x 13.75 Ft | |
| Bedroom | 10.42 Ft x 14.75 Ft | |
| 4pc Bathroom | 10.58 Ft x 5.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 7.33 Ft x 8.00 Ft | |
| Kitchen | 14.00 Ft x 25.33 Ft | |
| Dining room | 15.17 Ft x 20.75 Ft | |
| Breakfast | 14.00 Ft x 7.75 Ft | |
| Living room | 12.42 Ft x 18.33 Ft | |
| 2pc Bathroom | 4.67 Ft x 4.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 14.00 Ft x 22.67 Ft | |
| Laundry room | 5.08 Ft x 9.33 Ft | |
| Other | 5.67 Ft x 9.50 Ft | |
| Primary Bedroom | 21.42 Ft x 13.08 Ft | |
| Other | 11.58 Ft x 10.75 Ft | |
| Bedroom | 13.42 Ft x 13.75 Ft | |
| Bedroom | 10.00 Ft x 10.00 Ft | |
| Other | 6.17 Ft x 7.58 Ft | |
| 3pc Bathroom | 10.50 Ft x 5.58 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.33 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
-0.49%
Cap rate
4.77%
GRM
13.9
Break-even rent
$23,738
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 8, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. 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.