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Lake Bonavista Commercial Real Estate Listings

Find Lake Bonavista commercial real estate listings for sale or lease. Our commercial real estate specialists help investors and business owners find the perfect retail spaces, office buildings, and multi-unit properties in Lake Bonavista.

From location selection to appraisals to property management, your commercial real estate agent will help you make informed decisions about Lake Bonavista commercial properties.



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Commercial Real Estate Information June 20, 2026

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Lake Bonavista Commercial Real Estate Information

Our Commercial Real Estate Practitioners expertly represent all aspects of commercial investments, for both acquisitions and dispositions. We work with large investment groups, REITs, and individual investors to provide comprehensive market knowledge, financing strategies, and investment opportunities in the Lake Bonavista area.

Lake Bonavista Multi-Unit Commercial Real Estate

Lake Bonavista Community Overview

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.

Where is Lake Bonavista located in Calgary?

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.

What is the population of Lake Bonavista?

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.

What is the history of Lake Bonavista?

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.

What amenities does Lake Bonavista offer?

Lake Bonavista offers exclusive amenities for property owners in the community:

  • Private man-made lake – 35 acres of recreational water
  • Swimming beaches – Sand volleyball and swimming areas
  • Tennis courts – Multiple courts for residents
  • Paddle tennis – Additional racquet sport facilities
  • Winter skating – Skating on the frozen lake
  • Fishing – Lake is stocked with fish
  • Picnic areas – Lakeside gathering spaces
  • Bonavista Promenade Shopping Centre – Local shopping and services
What is the Lake Bonavista Residents Association?

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.

Is Lake Bonavista open to the public?

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.

What types of homes are available in Lake Bonavista?

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:

  • Lakefront properties – Homes directly backing onto the lake, commanding premium prices
  • Lake-view properties – Homes with scenic lake views
  • Non-lake view homes – More affordable options within the community
  • Townhomes and condos – Low-maintenance living options
What is the average home price in Lake Bonavista?

Home prices in Lake Bonavista vary significantly by location and property type:

  • Lake front homes: $1.5 million to over $3 million
  • Lake-view homes: $800,000 to $1.5 million
  • Non-lake view detached homes: $500,000 to $800,000
  • Townhomes and condos: $300,000 to $500,000

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.

What schools are in Lake Bonavista?

Lake Bonavista is served by several schools within and near the community:

Within Lake Bonavista:

  • Lake Bonavista School – Public elementary school (K-6) located at 775 Lake Bonavista Drive SE
  • David Frost School – Public middle school (7-9) in the community
  • Santa Maria School – Catholic school in nearby Bonavista Downs

Nearby High Schools:

  • Lord Beaverbrook High School (10-12) – Offers International Baccalaureate (IB) program
  • Centennial High School (10-12) – Public high school in nearby Shawnessy
  • Bishop O'Byrne High School – Catholic high school option
What parks and green spaces are near Lake Bonavista?

Lake Bonavista residents enjoy access to several parks and green spaces:

  • The private lake – 35 acres of water with surrounding pathways and beach areas
  • Bonavista Park – Neighbourhood park with playground and green space
  • Fish Creek Provincial Park – One of Canada's largest urban parks, accessible nearby
  • Bow River Pathway System – Extensive walking and biking trails
  • Lake Bonavista Promenade – Pathway around the lake perfect for walking, jogging, and cycling
What recreation is available near Lake Bonavista?

Recreation options in and around Lake Bonavista include:

  • Swimming and boating – At the private lake (residents only)
  • Tennis and paddle tennis – At residents' courts
  • Winter skating – On the frozen lake
  • Fish Creek Provincial Park – Hiking, biking, cross-country skiing, picnic areas, wildlife viewing, and Sikome Lake beach
  • Southland Leisure Centre – Indoor pool, waterslide, fitness centre, ice rinks, and library
What shopping is near Lake Bonavista?

Lake Bonavista offers convenient access to major shopping destinations:

  • Bonavista Promenade Shopping Centre – Local centre with grocery, pharmacy, restaurants, and services, anchored by Safeway and London Drugs
  • Southcentre Mall – Major shopping mall approximately 5-10 minutes north
  • Macleod Trail retail corridor – Numerous shopping centres, big-box stores, restaurants, and services
  • Chinook Centre – Calgary's largest shopping mall, approximately 15 minutes north
What are the transportation options in Lake Bonavista?

Lake Bonavista is well-connected for commuters:

  • Road Access: Quick access to Macleod Trail, Anderson Road, and Canyon Meadows Drive, providing connections to Deerfoot Trail and Stoney Trail
  • Public Transit: Multiple Calgary Transit bus routes serve the area
  • Nearest LRT Stations: Anderson Station (Red Line) or Canyon Meadows Station
  • Commute to Downtown: Approximately 20-25 minutes by car; 25-35 minutes by transit
  • Walk Score: Moderate; the community is designed with pathways connecting to the lake and amenities
What healthcare options are near Lake Bonavista?

Lake Bonavista residents have access to several healthcare facilities:

  • South Health Campus – Major hospital in Seton for comprehensive care
  • Rockyview General Hospital – Accessible via Macleod Trail
  • Bonavista Medical Clinic – Located in Bonavista Promenade for routine care
  • Multiple pharmacies in Bonavista Promenade and surrounding area
Is Lake Bonavista a good place for families?

Yes, Lake Bonavista is an excellent community for families with a Family-Friendly Rating of 4.5 out of 5. Features include:

  • Excellent schools within the community (Lake Bonavista School, David Frost School)
  • Private lake with swimming, beaches, and year-round recreation for children
  • Tennis courts and paddle tennis facilities
  • Walkable neighbourhood with mature tree-lined streets
  • 91% homeownership rate, indicating stable, committed residents
  • Nearby Fish Creek Park for outdoor adventures
Is Lake Bonavista dog-friendly?

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.

What makes Lake Bonavista unique among Calgary communities?

Lake Bonavista holds a special place in Calgary's history as the city's first lake community. Its unique features include:

  • First of its kind – Pioneering the lake community concept in Calgary
  • Private 35-acre lake – Year-round recreation for residents only
  • Established character – Mature trees, classic architecture, and well-maintained streets
  • Central location – Easy access to downtown, Fish Creek Park, and major shopping
  • Strong community association – Active LBRA managing lake amenities and events

Its success sparked the development of other lake communities including Lake Bonaventure, Lake Chaparral, and McKenzie Lake.

Retail Commercial Real Estate

Retail properties in Lake Bonavista range from individual shops to large shopping centers. Retail spaces offer excellent visibility and customer traffic, with opportunities for stand-alone buildings or multi-tenant locations.

View Retail Listings

Frequently Asked Questions About Lake Bonavista Commercial Real Estate

What types of commercial properties are available in Lake Bonavista? +

Lake Bonavista offers a diverse range of commercial real estate including retail storefronts, office buildings, industrial warehouses, multi-unit residential revenue properties, mixed-use developments, and land for commercial development. Our inventory includes both for-sale and lease options to accommodate various business needs and investment strategies.

How do I finance a commercial real estate purchase in Lake Bonavista? +

Commercial real estate financing differs from residential mortgages. Options include traditional bank loans (typically requiring 20-30% down), CMHC commercial loans, private lending, and vendor take-back financing. Our commercial specialists can connect you with lenders experienced in Lake Bonavista commercial transactions and help you prepare a strong application package.

What is the current commercial vacancy rate in Lake Bonavista? +

Commercial vacancy rates vary by property type and specific location within Lake Bonavista. Generally, retail spaces see 5-8% vacancy, office spaces 8-12%, and industrial spaces 3-6%. Our team provides current market absorption rates and vacancy statistics to help you make informed investment decisions. Contact us for the most recent quarterly commercial market report.

How long does it typically take to lease commercial space? +

Leasing commercial space in Lake Bonavista typically takes 2-6 months from initial search to signed lease, depending on market conditions, property type, and negotiation complexity. Allow additional time for tenant improvements and permitting. Our commercial agents streamline this process by identifying suitable properties and negotiating favorable lease terms.

Do I need a commercial real estate agent to buy or lease property? +

While not legally required, working with a commercial real estate professional is highly recommended. Our agents provide access to off-market properties, accurate comparable sales data, lease negotiation expertise, and insight into zoning and development regulations specific to Lake Bonavista. Best of all, tenant and buyer representation is typically at no cost to you — the landlord or seller pays the commission.

What due diligence should I perform before buying commercial real estate? +

Key due diligence steps include: property condition assessment (building inspection), environmental site assessment, zoning verification, title search, review of existing leases (for income properties), financial analysis of operating costs, and appraisal. Our commercial team coordinates these investigations and helps you interpret findings to mitigate risk.




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