Lake Bonavista Community Profile
Lake Bonavista is Calgary’s original man-made lake community, located in Ward 14 in the southeast. Developed by Keith Construction starting in 1967, the community features approximately 3,000+ homes with private lake access, a community centre, and mature tree-lined streets.
As Calgary’s first lake community, Lake Bonavista holds a special place in the city’s identity. Based on current MLS data, homes range from $600K to $1.2M. Many mature properties have large basements with dated finishes, representing excellent renovation opportunities.
Why Lake Bonavista Homeowners Choose OAF
Lake Bonavista is one of Calgary’s most dynamic neighbourhoods for basement development. With homes built in 2018, the typical Lake Bonavista property has an average of 1,000-1,600 sq ft of unfinished basement space-perfect for lifestyle renovations, legal suites, or recreational spaces.
- Matched expectations: Lake Bonavista’s mix of mature executive (1967-1990) means we’ve worked with similar home layouts and can set accurate timelines and budgets.
- Fixed-Price agreements: No surprises. We walk your space, set clear expectations, and deliver.
- Community relationships: We work with trusted trades in Lake Bonavista and surrounding areas.
Services Available in Lake Bonavista
Lifestyle Basement Development
Create the recreation space you’ve always wanted-home theatre, fitness area, wet bar, or family lounge. Typical cost: $55,000-$115,000.
Legal Secondary Suite
Earn rental income while adding value. Lake Bonavista zoning permits secondary suites. We handle everything from design to permitting.
Garage Development
Whether new construction or renovation, we build garages that last. Protect your vehicles and add value to your home.
Lake Bonavista: Neighbourhood Considerations
Lake Bonavista basements sit on clay, established southeast lakeside conditions. This soil type generally excavates cleanly and compacts well, but site-specific surveys are always recommended to identify rock, water tables, or utilities.
Common Challenges
New area; some utility expansion ongoing
Contact OAF early in your ownership or before purchasing. We can assess your property, set budgets, and coordinate with City of Calgary before permitting begins.
Basement development costs vary based on scope. Here’s what to expect in Lake Bonavista:
Contact us for a free in-home consultation in Lake Bonavista.