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Waterford Community Overview
Find answers to the most common questions about Waterford, a master-planned lakeside community in southwest Chestermere designed for generational living with abundant parks, pathways, and easy access to Calgary.
Waterford is located on the southwest edge of Chestermere, Alberta, offering easy access to Calgary via Highway 1. The community is designed as a master-planned lakeside neighbourhood with a focus on generational living and active lifestyles. The community features three school sites, eight parks and green spaces, three storm ponds, and two neighbourhood centres.
Waterford offers a diverse range of home styles including townhomes, duplexes, laned homes, and single-family detached homes. Builders include Douglas Homes, Prominent Homes, Dream Built Homes, Green Cedar Homes, Devine Custom Homes, and Artistique Homes.
Many homes feature open-concept layouts, chef-inspired kitchens with built-in appliances and spice kitchens, high ceilings, luxury wide-plank flooring, triple-car garages, and walkout basement configurations. Some homes include main-floor bedrooms with full ensuites, ideal for multi-generational living.
Waterford home prices vary by property type. Townhomes typically range from the mid $400,000s to $500,000s. Duplexes are priced around $630,000. Single-family detached homes range from approximately $729,000 for newer builds to $1,100,000 for larger estate homes with premium finishes and walkout basements.
The average new home in Waterford is priced competitively within the Chestermere market, which has an overall average home price of approximately $670,000 as of 2026.
Waterford has three future school sites planned within the community. For current school designations effective September 2025:
- Kindergarten to Grade 6: Waterford students are designated to attend Rainbow Creek Elementary School
- Grades 7 to 9: Students attend Chestermere Lake Middle School
- Christian and French Immersion programs for K-6: Available at East Lake School
- Christian and French Immersion for Grades 7-9: Available at Chestermere Lake Middle School
The community is served by Rocky View Schools, which has experienced significant growth with a 55% population increase in Chestermere between 2014 and 2024.
Waterford features eight parks and green spaces, three storm ponds with scenic pathways, and two neighbourhood centres. The community is designed for active living with walking paths connecting throughout.
Nearby Chestermere offers a 2.5-hectare off-leash dog park, four sport courts for tennis, basketball, and pickleball, and the 36-hectare Chestermere Lake for boating, fishing, swimming, and winter activities.
Waterford is specifically marketed as "the community for generational living." Many homes are designed with main-floor bedrooms featuring full ensuites, walk-in closets, and layouts that provide privacy for extended family, aging parents, or guests. Homes are also designed with secondary suite potential, subject to city approval.
The developer, Douglas Developments, has focused on creating spaces that work for families at every stage of life, from young children to retirees, with amenities and home designs that adapt to changing needs.
Waterford provides an easy commute into Calgary, making it ideal for Calgary professionals. The community is located just off Highway 1 (Trans-Canada Highway) on the southwest edge of Chestermere.
Driving time to downtown Calgary is approximately 20-25 minutes. The community offers lower density than Calgary neighbourhoods while maintaining proximity to city amenities.
Waterford features neighbourhood centres with commercial space already developed, including shops and services within walking distance. The high street commercial district offers additional dining and retail options.
A short drive provides access to Chestermere Station for grocery shopping, pharmacies, and restaurants. Calgary's east side retail, including CrossIron Mills Mall, Costco, and major shopping centres, is approximately 15-20 minutes away.
Yes, Waterford is excellent for families. The community is rated 4.7 out of 5 with perfect 5/5 scores for safety and schools. It features eight parks and green spaces, three school sites, two neighbourhood centres, and walking paths throughout.
Chestermere offers a family-friendly, safe environment where residents enjoy outdoor activities, lake access, and a strong sense of community. The city has prioritized safety by adding RCMP officers, firefighters, and peace officers in recent years.
Yes, Waterford is known for its high walkability scores. The community features an extensive network of pathways connecting homes to eight parks, three storm ponds, school sites, and neighbourhood centres.
Walking paths are integrated throughout the community, making it easy for residents to access amenities without driving. The community is also close to Chestermere Lake for recreational activities.
Waterford was launched in 2019. Phases 3 and 4 are currently under development. A new show home parade is launching with several builders.
The commercial space is complete, as are parks, ponds, and walking paths. New lands adjacent to the community are being scouted for development and inclusion into the master plan.
Yes, Waterford is a very dog-friendly community. Chestermere has added three new dog parks, including a 2.5-hectare off-leash park that is 2,000 metres long, established through a partnership with TransAlta.
The community's extensive walking paths and green spaces are perfect for dog walking. The 4.7/5 community rating reflects the neighbourhood's pet-friendly atmosphere.
Waterford community overview
The average home price in Waterford is currently $716,565.52 based on active MLS® listings, prices range from $404,900.00 up to $1,199,000.00 for luxury estates. This data is refreshed every 10 minutes.
View full stats →Homes in Waterford include single-family detached homes, modern townhouses, luxury condos, and brand-new construction. Current inventory shows 29 active listings across all property types.
Residents enjoy parks, walking trails, playgrounds, shopping plazas, and top-rated schools within the Chestermere district. Family-friendly environment with recreation centers.
Commute to downtown Chestermere typically takes 20 to 40 minutes by car or public transit. Major highways and bus routes provide excellent connectivity.
Yes! Waterford has new home communities, custom builds, and pre-construction projects. Check new construction listings for modern designs.
The market shows steady appreciation with balanced demand. Currently 29 active listings, average price $716,566.
Waterford offers suburban tranquility with urban proximity. Competitive pricing and community parks make it desirable compared to nearby cities.
Property taxes average 0.6% to 0.8% of home value annually. For a $716,566 home, expect around $0/year.
Absolutely! Our screened Waterford REALTOR® referral network connects you with local experts. Get a free referral today.
While spring and summer see higher inventory, year-round opportunities exist. Live stats every 10 minutes help time your move perfectly.
