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3404, 11811 lake fraser Drive SE
homes for sale · Calgary · Lake Bonavista
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$297,500

3404, 11811 lake fraser Drive SE

Lake Bonavista, Calgary · MLS® A2332791

221

877 sq ft · Condo · Single Family · built 2008 · 85 days on market

listed by Bill Stamile, Real Estate Professionals Inc.

realtor's description

WOW VALUE! BEST-PRICED CONDO IN ITS CATEGORY AT AWARD-WINNING GATEWAY SOUTHCENTRE!Exceptional Value • Best Price per Sq. Ft. • Great Investment OpportunityCome live in Gateway SouthCentre, proudly recognized as the 2025 Condominium of the Year Award recipient, in the highly desirable, amenity-rich community of Lake Bonavista.This spacious 876 sq. ft., 2-bedroom, 2-bathroom condo offers one of the largest floor plans in the complex, with a desirable courtyard-facing location and a thoughtful layout designed for comfortable living.Priced as the best-priced condo in its category within the complex.This bright, east-facing home is filled with natural light and features peaceful views of the beautifully landscaped central courtyard from the living room, both bedrooms, and private balcony. The thoughtfully designed layout includes 9-foot ceilings, luxury laminate flooring, an open-concept living area, and a generous primary suite with a large walk-in closet and full ensuite bathroom. The second bedroom and full bathroom provide excellent flexibility for guests, family, or a home office.The well-appointed kitchen features granite countertops, a large sit-up breakfast bar, and a functional design that flows seamlessly into the dining and living areas—perfect for everyday living and entertaining.Built with quality concrete construction, Gateway SouthCentre offers exceptional quiet comfort, energy efficiency, and professional management. The environmentally friendly geothermal heating and cooling system, heat pumps, and rooftop solar panels provide year-round comfort while helping reduce long-term utility costs. Condo fees include heat, air conditioning, electricity, water, sewer, and a natural gas connection for your balcony BBQ.Additional features include a titled heated underground parking stall and private storage locker, conveniently located near Elevator 5 for easy access when bringing home groceries or daily essentials.Residents enjoy outstanding amenitie s including a beautifully landscaped courtyard, fully equipped fitness centre with yoga studio, two recreation/social rooms, and ample visitor parking. The building has two rentable guest suites. One pet (a cat or a dog only) up to 23 kg. is welcome with Board approval before pet arrival.Ideally located minutes from Southcentre Mall, Avenida Shopping Centre and Food Hall, cafés, restaurants, medical services, and pharmacies, with easy access to Fish Creek Provincial Park’s extensive walking and cycling trails. Public transit is exceptionally convenient, with bus service directly in front of the building and Canyon Meadows LRT Station within walking distance. Quick access to major roadways makes commuting throughout Calgary simple and efficient.Move-in ready and offering an exceptional combination of location, amenities, quality construction, and modern energy-efficient features, this outstanding condo is a rare opportunity to enjoy one of Calgary’s premier condominium communities.

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property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
877 sq ft
parking
1
year built
2008
property tax
$2,356 / yr
strata fee
$799 / mo ($0.91 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
85
MLS®
A2332791

features

  • No Smoking Home
  • Guest Suite
  • Gas BBQ Hookup
  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator

monthly cost

$2,291/mo
Mortgage $1,296 · Tax $196 · Strata $799

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,296/ monthly
loan $238,000
25-year amortization
total interest
$150,854
land title fees
$640
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$60,140
down + land title fees
total paid
$388,854

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,840/mo
after all costs
−$634/mo
cap rate
2.7%
yearly net rent ÷ price

Costs: mortgage $1,296 · tax $196 · strata $799 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Sam Livingston School586 m
  • Middle · CBE Nickle School875 m
  • Secondary · CBE Dr. E. P. Scarlett High School1.3 km
  • Elementary · Catholic St. William School1.0 km
  • Middle · Catholic St. Stephen School1.4 km
  • Secondary · Catholic Our Lady of the Rockies High School3.2 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Bill Stamile
Real Estate Professionals Inc.
call Bill · 403-671-6838
Powered by: REALTOR.ca
▶ virtual tour

location

Lake Bonavista, CalgaryGoogle Maps ↗

Rapid transit: Anderson CTrain station, 1 km (about 16 min walk); Canyon Meadows CTrain station, 1.2 km (about 19 min walk).

city assessment

$344,500

2026 assessment · market value as of July 1, 2025

  • Down 4.0% from $359,000 in 2025
  • $264,000 in 2016 (30% over ten years)
  • Asking price is 14% below the assessment
  • Built 2008
  • Lot 22,510 m² (242,291 sq ft)
roll yearassessed
2026$344,500
2025$359,000
2024$283,000
2023$241,000
2022$231,500
2021$231,500
2020$234,500
2019$224,500

From City of Calgary open data (property assessments), matched to 3404 11811 LAKE FRASER DR SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,291 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,356 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

Lake Bonavista, CalgaryGoogle Maps ↗

Rapid transit: Anderson CTrain station, 1 km (about 16 min walk); Canyon Meadows CTrain station, 1.2 km (about 19 min walk).

Drive times
  • Sam Livingston2 min
  • Dr. E.P. Scarlett High6 min
  • St. Mary's University7 min
  • South Calgary Health Centre9 min
  • Downtown Calgary20 min
  • YYC airport29 min
83

Walkability 83/100 · Very walkable: most errands on foot

Within a 10 minute walk: 12 places to eat or drink, 2 cafes, 17 parks and playgrounds, 2 schools, 1 pharmacy, 18 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

6406, 11811 Lake Fraser Drive SE, Calgary
6406, 11811 Lake Fraser Drive SE, Calgary, photo 2
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6406, 11811 Lake Fraser Drive SE, Calgary, photo 6
6406, 11811 Lake Fraser Drive SE, Calgary, photo 7
6406, 11811 Lake Fraser Drive SE, Calgary, photo 8
Condo
$260,000
4methe deep dive
6406, 11811 Lake Fraser Drive SE
Lake Bonavista, Calgary44 days on market
listed by First Place Realty
111669 sq ft
MLS® A2344543
1305, 11811 Lake Fraser Drive SE, Calgary
1305, 11811 Lake Fraser Drive SE, Calgary, photo 2
1305, 11811 Lake Fraser Drive SE, Calgary, photo 3
1305, 11811 Lake Fraser Drive SE, Calgary, photo 4
1305, 11811 Lake Fraser Drive SE, Calgary, photo 5
1305, 11811 Lake Fraser Drive SE, Calgary, photo 6
1305, 11811 Lake Fraser Drive SE, Calgary, photo 7
1305, 11811 Lake Fraser Drive SE, Calgary, photo 8
Condo
$309,000
4methe deep dive
1305, 11811 Lake Fraser Drive SE
Lake Bonavista, Calgary47 days on market
listed by Century 21 Bravo Realty
22
3616, 11811 Lake Fraser Drive SE, Calgary
3616, 11811 Lake Fraser Drive SE, Calgary, photo 2
3616, 11811 Lake Fraser Drive SE, Calgary, photo 3
3616, 11811 Lake Fraser Drive SE, Calgary, photo 4
3616, 11811 Lake Fraser Drive SE, Calgary, photo 5
3616, 11811 Lake Fraser Drive SE, Calgary, photo 6
3616, 11811 Lake Fraser Drive SE, Calgary, photo 7
3616, 11811 Lake Fraser Drive SE, Calgary, photo 8
Condo
$245,000
4methe deep dive
3616, 11811 Lake Fraser Drive SE
Lake Bonavista, Calgary11 days on market
listed by RE/MAX House of Real Estate
21
4203, 11811 Lake Fraser Drive SE, Calgary
4203, 11811 Lake Fraser Drive SE, Calgary, photo 2
4203, 11811 Lake Fraser Drive SE, Calgary, photo 3
4203, 11811 Lake Fraser Drive SE, Calgary, photo 4
4203, 11811 Lake Fraser Drive SE, Calgary, photo 5
4203, 11811 Lake Fraser Drive SE, Calgary, photo 6
4203, 11811 Lake Fraser Drive SE, Calgary, photo 7
4203, 11811 Lake Fraser Drive SE, Calgary, photo 8
Condo
$325,000
4methe deep dive
4203, 11811 Lake Fraser Drive SE
Lake Bonavista, Calgary36 days on market
listed by Engel & Völkers Calgary
22
2
884 sq ft
MLS® A2343204
1
750 sq ft
MLS® A2350293
2
885 sq ft
MLS® A2345506