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Monterra Community Information
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Search Monterra lake real estate listings detached luxury homes on Cochrane Lakes is an estate community located 7 KM north of Cochrane on Highway 22. The neighbourhood is comprised of large estate homes on 1/4 acre lots, many backing onto the lake or wetlands. View more Monterra real estate housing statistics
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Monterra Community Overview
Find answers to the most common questions about Monterra, a prestigious lake community just north of Cochrane offering estate-sized lots, stunning mountain views, and luxury custom homes.
Where is Monterra located?
Monterra is located approximately 5 to 7 kilometres north of Cochrane, Alberta, along Highway 22 near the scenic Cochrane Lake and East Lake. It is situated within the Municipal District of Rocky View County, just outside Cochrane town limits. The community offers estate living with panoramic Rocky Mountain views while remaining conveniently close to Cochrane's amenities.
What makes Monterra unique?
Monterra is a prestigious lake community known for its oversized estate lots. Most lots are approximately one-quarter acre, which is significantly larger than typical suburban lots. All lots back onto green space, providing privacy and open views. The community also features a 25-acre lake with a Community Pavilion where the Homeowners' Association hosts year-round events, including New Year's Eve parties with sleigh rides, fire pits, and fireworks.
What types of homes are available in Monterra?
Monterra features custom-built luxury homes on estate-sized lots. Home styles include Prairie, Georgian, Craftsman, Modern, and Transitional designs. Custom home builders include Aspen Creek Designer Homes, Cornerstone Luxury Homes, and Elk Park Homes. Homes typically feature oversized triple attached garages, high ceilings, gourmet kitchens with premium appliances, and walkout basement configurations.
What is the average home price in Monterra?
The average home price in Monterra is approximately $1,494,225. Home prices range from around $1,230,000 for entry-level estate homes to over $1,798,000 for luxury properties. As a custom home community with oversized lots and lakefront properties, Monterra represents the premium segment of the Cochrane real estate market.
What schools serve the Monterra area?
Monterra is located just 5 minutes north of Cochrane, which offers a full range of K-12 schools including public, Catholic, private, and Francophone options. Schools include Cochrane High School, Bow Valley High School, RancheView School, Holy Spirit School, and St. Timothy High School. School bus service is available for Monterra residents.
What is the commute like from Monterra to Calgary?
Monterra offers excellent access in both east and west directions. The drive to downtown Calgary takes approximately 45 minutes via Highway 1A and Stoney Trail. The community is also about 45 minutes from Kananaskis Country, Canmore, and Banff National Park, making it ideal for mountain enthusiasts who want city access and outdoor recreation. Calgary International Airport is approximately 40 minutes away.
What parks and outdoor amenities are in Monterra?
Monterra features two completed parks, a central Community Pavilion for gatherings, an integrated network of trails and pathways, natural water features including Buford's Creek, and direct proximity to Cochrane Lake. The Homeowners' Association hosts year-round events at the pavilion, including New Year's Eve parties, sleigh rides, and fireworks. The community also has an active HOA with monthly fees covering amenities.
Is Cochrane Lake being revitalized?
Yes, a major revitalization of Cochrane Lake is planned to begin soon. The project aims to enhance water quality so residents can enjoy swimming, paddleboarding, parasailing, kayaking, and canoeing. The plan includes freshwater circulation via upgraded pumps from the Bow River, permanent stable lake levels, perimeter pathways connecting residents around the lake, and long-term sustainability planning.
What is the Monterra Homeowners Association fee?
The Monterra Homeowners Association fee is approximately $135 per month. These fees cover amenities of the HOA and condo, including maintenance of common areas, parks, pathways, the Community Pavilion, and lake-related amenities. The HOA also organizes community events throughout the year, including the annual New Year's Eve celebration with sleigh rides, fire pits, and fireworks.
Is Monterra a good place for families?
Yes, Monterra is designed as a family-friendly community featuring estate-sized lots with room to roam, parks and playgrounds, walking trails, direct lake access, and a tight-knit community where neighbours gather for events at the Community Pavilion. The community is also close to Cochrane's schools, recreation facilities including the SLS Centre, and only 45 minutes from Calgary.
What shopping and amenities are near Monterra?
Monterra is just 5 minutes from Cochrane, which offers Sobeys, Safeway, Canadian Tire, Shoppers Drug Mart, restaurants, cafes, the SLS Centre recreation facility, Cochrane Golf Club, the Links of GlenEagles, and extensive walking trails. Calgary's amenities including CrossIron Mills Mall, Costco, hospitals, and the international airport are approximately 40-45 minutes away.
How does Monterra compare to other communities?
Monterra is a premium estate community offering what many newer communities cannot: quarter-acre lots backing directly onto green space. Unlike the standard 40' wide suburban lots found in communities like Airdrie or Chestermere, Monterra lots are significantly larger, allowing for oversized garages, RV storage, swimming pools, and true outdoor living space. The lake setting, mountain views, and custom home orientation make it one of the most prestigious communities in the Cochrane area.
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Frequently Asked Questions About Monterra Real Estate
Get instant answers to the most common questions about living in Monterra, real estate housing market trends, and community amenities. Updated with current market data.
Is Monterra a good place to live?
Yes, Monterra is considered one of Cochrane's best neighborhoods. It offers an exceptional quality of life with a walkable main street, local shops and restaurants, and a strong sense of community. The area features excellent schools, parks, and is known for its safe, family-friendly atmosphere. With its central location, residents enjoy convenient access to downtown Cochrane while having direct access to pathway systems and parks.
What types of properties are available in Monterra?
Monterra offers a variety of property types including single-family detached homes, townhomes, condominiums, duplexes, and new construction developments. The community has options for first-time homebuyers, growing families, and downsizers. Housing styles range from character homes and bungalows to modern luxury infills and townhome complexes.
Is Monterra expensive?
Monterra is considered a desirable inner-city neighborhood in Cochrane. Due to its walkability, mature character, and convenient location, home values reflect the premium of inner-city living while offering a connected, amenity-rich lifestyle within reach of downtown Cochrane.
What amenities are available in Monterra?
Monterra features parks, walking trails, playgrounds, shopping centers, restaurants, cafes, and recreational facilities. The community is also served by several highly-rated schools and is conveniently located near major transportation routes. Popular local businesses include coffee shops, bakeries, breweries, and boutique retail stores that create a vibrant main street atmosphere.
What schools are in Monterra?
Monterra is served by several highly-rated public and private schools. The community falls within the Cochrane school district, which is known for its strong academic programs, extracurricular activities, and diverse educational options including regular programming, French immersion, Catholic education, and private school alternatives.
What is the commute time from Monterra to downtown Cochrane?
Commute times from Monterra to downtown Cochrane typically range from 10 to 30 minutes depending on traffic conditions, time of day, and mode of transportation. The community has excellent access to public transit including bus rapid transit routes, as well as major roadway connections that make driving into the downtown core convenient.
What public transit options serve Monterra?
Monterra is served by multiple Calgary Transit bus routes and rapid transit lines that connect directly to downtown Cochrane and LRT stations. The community's transit hub provides frequent service during peak hours, making it a popular commuting option for professionals working in the city core. Travel times to downtown are typically under 20 minutes.
How did Monterra get its name?
Monterra has a unique history tied to the local community. The name reflects the area's heritage and the families who helped shape the neighborhood. The community's main street festival and local landmarks continue to honor this legacy, making it a distinctive part of Cochrane's cultural fabric.
Is Monterra dog-friendly?
Yes, Monterra is extremely dog-friendly. The community is home to several parks with off-leash areas featuring walking trails and scenic views. Many local cafes, breweries, and restaurants welcome dogs on their patios, and the area has pet supply stores and grooming services within walking distance. It is common to see residents walking their dogs along the main streets and pathways.
What is the main street festival in Monterra?
Monterra hosts a popular annual street festival during the summer months, typically held in July or August. This signature community event is one of the longest-running street festivals in the region, closing down the main avenue for a pedestrian-friendly celebration. The event features local vendors, food trucks, live music, street performers, kids' activities, and family entertainment, attracting thousands of visitors each year.
What parks and green spaces are near Monterra?
Monterra is surrounded by excellent parks and green spaces. The community features multiple playgrounds, sports fields, off-leash dog parks, and a major river pathway system that connects cyclists and pedestrians to other parts of the city. These green spaces offer stunning views and year-round recreational opportunities for residents of all ages.
Monterra Housing Market
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Average Price: $1,494,225
See Market StatsLocal Monterra Schools
Learn about educational options and school ratings in the area.
Public & Catholic schools available
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Monterra Neighbourhood Profile
Monterra is a residential neighbourhood in Cochrane offering:
- Diverse housing options from single-family homes to condominiums
- Walk Score of 72/100 - Very Walkable
- Proximity to major employment centers and transportation routes
- Active community association with year-round events
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& Phone Numbers
Important emergency contacts and resources for Monterra residents:
Calgary Police Service
The Calgary Police Service provides law enforcement and public safety services to the Calgary area.
Alberta Health Services
Emergency medical care and health information.
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Contact Today's Featured AgentSchools in Monterra
Monterra offers quality educational options for families:
Public Schools
- Elementary: Monterra School
- Middle: Cochrane Middle School
- High: Cochrane High School
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