South sector · CMHC Fish Creek zone · 2026 roll
Lake Bonavista, Calgary: home values, suites and rental numbers
Lake Bonavista (South sector) has a 2026 median detached assessment of $918,500, above 80% of Calgary communities. At an estimated $2,360 local house rent, its median house runs $2,778 short a month with 20% down; break-even is $5,628. A 1-bedroom suite here would rent near $1,546 (CMHC Fish Creek zone).
What stands out in Lake Bonavista?
- Detached values rose 2.5% between the 2025 and 2026 rolls ($896,500 → $918,500), against a typical +2.4% across Calgary communities.
- 8 suites were registered here in 2023–2025 (1, 3, 4), and 3 more in 2026 to the end of October.
- A 1970s–80s housing stock: the median detached house dates from 1973, older than in 71% of communities.
- Median lot 6,580 sq ft, 25% larger than the 5,256 sq ft typical community.
- 0.6 registered suites per 100 houses (city 9.3); #144 of 214 for suites added in the last 12 months.
- 27% above the South sector's typical detached median ($725,500).
The median completed detached house here ($918,500), 20% down at 4.58%, rented at Lake Bonavista's estimated house rent.
| Price / down payment | $918,500 / $183,700 |
|---|---|
| House rent (3+ bed) | $2,360StatCan $2,471 × Fish Creek zone index 0.96 |
| Mortgage | $4,100 |
| Vacancy and operating costs | −$1,038incl. $6,108/yr 2026 tax |
| NOI · cap rate | $1,322 · 1.73% |
| With a legal suite: upper $1,890 + suite $1,546 | −$1,983 a monthcap 2.77%; $120 suite costs |
| Cash flow, single unit | −$2,778 a monthDSCR 0.32 |
The suite case assumes the upper floor rents as a 2-bedroom house and the suite at the Fish Creek zone's CMHC 1-bedroom average; a suited house usually costs more to buy, so enter the real price. Open the suite version.
What do rentals rent for around Lake Bonavista?
| Unit | Fish Creek zone |
|---|---|
| 1-bedroom apartment | $1,546 |
| 2-bedroom apartment | $1,725 |
| 3+ bedroom townhouse | $1,640 |
| Apartment vacancy | 5% |
Adapted from Canada Mortgage and Housing Corporation, Rental Market Survey, Calgary CMA, October 2025; not an endorsement by CMHC. House rents are our zone-scaled estimate (method).
How did Lake Bonavista's values and tax change from 2025 to 2026?
| Home type | Homes | 2025 | 2026 | Tax 2025 → 2026 | Cap rate |
|---|---|---|---|---|---|
| Detached | 3,255 | $896,500 | $918,500 | $5,541 → $6,108 | 1.73% |
| Semi / duplex | 1 | Too few completed homes | |||
| Townhouse | 0 | Too few completed homes | |||
| Apartment condo | 828 | $331,000 | $314,000 | $2,046 → $2,088 | 3.19% |
What this means if you're investing in Lake Bonavista
- It needs $5,628 to break even, $3,268 over the estimated local house rent; check Lake Bonavista listings before assuming more.
- Even suited it runs $1,983 short; the price, down payment or rate has to change.
- Best yield here at local rents: the apartment condo ($314,000, 3.19% cap rate).
- Tax on the median house went from $5,541 to $6,108 a year.
Which South communities are priced like Lake Bonavista?
| Community | Detached median | Break-even rent | Suites (12 mo) |
|---|---|---|---|
| Lake Bonavista | $918,500 | $5,628 | 19 (4) |
| Chinook Park | $951,000 | $5,820 | 0 (0) |
| Oakridge | $855,500 | $5,256 | 14 (3) |
| Shawnee Slopes | $849,500 | $5,221 | 9 (0) |
Sources: City of Calgary open data (2026 and 2025 assessment rolls, suite registry; Open Government Licence – City of Calgary), Statistics Canada, CMHC. Medians are our calculation; see the methodology. Back to the South sector or all communities; buying to live here? CalgaryMortgageCalculator.ca.