A foreclosure in Lake Bonavista occurs when a homeowner defaults on their mortgage payments, and the lender takes legal action to recover the owed amount by selling the property.
The foreclosure process in Lake Bonavista typically involves several stages: notice of default, court application, judicial sale, and potential transfer to the lender if the property doesn't sell.
Foreclosure listings in Lake Bonavista can be found through our website, bank websites, court registry offices, and through real estate agents specializing in foreclosures.
Foreclosure properties in Lake Bonavista are often priced below market value, but prices vary depending on location, condition, and competition among buyers.
Risks include property damage, liens, no warranties or guarantees, and the property being sold "as-is" without disclosures about its condition.
Inspection opportunities vary. Some foreclosures allow inspections, while court-ordered sales may not. Always verify inspection possibilities before bidding.
Financing options include traditional mortgages (if the property qualifies), private lenders, or cash purchases. Some foreclosures require proof of funds or certified checks.
In Alberta, foreclosures involve court proceedings, while power of sale (more common in other provinces) allows the lender to sell without court involvement.
The foreclosure timeline in Alberta typically takes 6-12 months from default to sale, depending on court schedules and legal processes.
Negotiation possibilities depend on the type of foreclosure. Bank-owned properties may allow negotiation, while court-ordered sales typically dont.
Find answers to the most common questions about Lake Bonavista, Calgary's first lake community, known for its private lake, beach, tennis courts, and family-friendly atmosphere in the southeast.
Lake Bonavista is located in southeast Calgary, bounded by Anderson Road to the north, Macleod Trail to the west, Canyon Meadows Drive to the south, and Bonaventure Drive to the east. The community is in Ward 14, represented by Councillor Peter Demong. It is Calgary's first lake community, established in 1965 as a model for suburban living centered around a man-made lake.
According to the City of Calgary 2012 municipal census, Lake Bonavista had a population of 11,269 residents living in 4,151 dwellings. With a land area of 5 square kilometres, the population density was approximately 2,320 people per square kilometre. The median household income in 2015 was $79,673, with a homeownership rate of 91%. Low-income residents make up 4.2% of the population, and 22.4% of residents are immigrants.
Lake Bonavista was established in 1965 and was Calgary's first lake community. It was developed by the Bronconnier Group, bringing water from the Bow River to create a private man-made lake that would become the centrepiece of the community. Don Mills opened Lake Bonavista Estates in the late 1960s. In 1979, a trademark dispute with a Minneapolis-based company regarding the name "Bonavista" was resolved by adding the prefix "Lake." The lake was built on an isolated farm with no neighbours for miles, requiring early residents to drive on gravel roads.
Lake Bonavista offers exclusive amenities for property owners in the community:
The Lake Bonavista Residents Association (LBRA) manages the private lake and community amenities for property owners. Annual memberships provide access to lake amenities, and only property owners who pay the annual levy can use the facilities. The association maintains the lake, beaches, tennis courts, and organizes community events throughout the year. Residents can contact the association at 403-271-5300 or via email at info@lakebonavista.ca. The association office is located at 7740 Lake Bonavista Drive SE.
No, Lake Bonavista is a private lake. Only property owners who pay the annual Lake Bonavista levy may use the lake, beach, tennis courts, and other residents-only amenities. The lake is not open to the general public.
Lake Bonavista offers a mix of housing types including single-family detached homes, townhomes, and condominiums. The community features mid-century homes from the 1960s and 1970s alongside modern renovations and infills. Properties include:
Home prices in Lake Bonavista vary significantly by location and property type:
The average home price in Lake Bonavista is approximately $750,000 to $850,000 across all property types, with the premium for lake access reflected in higher property values.
Lake Bonavista is served by several schools within and near the community:
Within Lake Bonavista:
Nearby High Schools:
Lake Bonavista residents enjoy access to several parks and green spaces:
Recreation options in and around Lake Bonavista include:
Lake Bonavista offers convenient access to major shopping destinations:
Lake Bonavista is well-connected for commuters:
Lake Bonavista residents have access to several healthcare facilities:
Yes, Lake Bonavista is an excellent community for families with a Family-Friendly Rating of 4.5 out of 5. Features include:
Yes, Lake Bonavista is a dog-friendly community. The lake pathway system and surrounding parks provide excellent walking routes for dogs. Nearby Fish Creek Provincial Park offers extensive off-leash areas and trails. Many homes have fenced yards, and the neighbourhood's mature tree-lined streets are perfect for daily walks.
Lake Bonavista holds a special place in Calgary's history as the city's first lake community. Its unique features include:
Its success sparked the development of other lake communities including Lake Bonaventure, Lake Chaparral, and McKenzie Lake.
Considering buying Lake Bonavista foreclosures? Search bank foreclosures, auctions and bank owned foreclosure homes. The most up to date, accurate Lake Bonavista foreclosure lists on August 13, 2026. Our foreclosure listings lists include:
Compare our Lake Bonavista foreclosure real estate directory, real estate reviews, listings, Luxury homes condos, maps, townhomes and local REALTORS®. Find today's Lake Bonavista real estate statistics, past sales history, dates and prices public schools explore community information parks and daily breaking news. of real estate recently sold nearby, and more. Register for a free account as the real estate market is changing you need experienced Top rated real estate agents experts ready to answer your questions about Attached homes, Detached homes, neighborhoods, schools, and the newest listings for sale in Lake Bonavista. Compare golf courses, real estate maps , wonderful restaurants, shops, off leash dog parks and of course the people! IF buying or selling real estate, you can expect expert advice, high quality service, straight forward communication plus attention to detail. Information on Lake Bonavista foreclosure homes for sale, bank owned, acreages, Lake homes bank foreclosures, New construction.
Judicial sales is a sale conducted under a judgment, order or supervision of a court. Lake Bonavista Judicial Sales? The sale may have been ordered under a petition for partition of real estate or an execution or the like. A judicial sale must be based upon an order or a decree of a court directing the sale.
Considering buying Lake Bonavista bank foreclosures? Bank Foreclosures happens when a borrower fails to pay their mortgage payments and lender or mortgage investor must repossess the home.
Lake Bonavista Bank owned foreclosures happens when a borrower fails to pay their mortgage payments.
Considering buying a Lake Bonavista land foreclosures? Land foreclsoures happens when a borrower fails to pay their mortgage payments.
Lake Bonavista farm foreclosures? Lake Bonavista Farm foreclosures happens when a borrower fails to pay their mortgage payments.
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