Chestermere Lake is a 2.8 square kilometre man-made reservoir located approximately 15 minutes east of Calgary via Highway 1, 17th Avenue SE, or Stoney Trail. The lake was originally created in the 1880s as an irrigation reservoir to support agriculture in the region, but has since transformed into a premier recreational destination that defines the character of the surrounding community.

City: Chestermere, Alberta

Distance to Calgary: Approximately 15 minutes to city limits, 20-25 minutes to downtown

Lake Size: 2.8 sq km, 4.8 km long

Chestermere Lake is popular for homes because it offers one of the only opportunities in the Calgary region to have direct waterfront living with motorized boating. Homebuyers can choose from direct lakefront properties with private docks, lake-view homes with stunning sunset vistas, or affordable lake-access homes within walking distance to public beaches and parks.

Key Links: City of Chestermere Website | Chestermere Lake Information

Current Market Overview (2025-2026): Chestermere's overall detached home market saw a 0.02 percent increase in 2025, with the benchmark price reaching $791,417. Lakefront and lake-adjacent properties continue to command significant premiums over non-waterfront homes.

Home Prices by Property Type:

• Direct Lakefront (private dock): $1.2 million to $5.7 million+
• Lake View (across from water): $900,000 to $1.4 million
• Lake Access (walking distance): $550,000 to $850,000
• Interior Family Homes (non-lake): $650,000 to $850,000
• Semi-Detached / Townhomes (lake-adjacent): $450,000 to $600,000
• New Construction (Chelsea area): $540,000 to $850,000+

Active Listing Examples:

• 291 East Chestermere Drive (Direct Lakefront): $1,375,900 – 3+2 bed, 2,020 sq ft, built 1992, private dock, multiple lake-view decks, renovated ensuite, walkout basement with wet bar [citation:5]
• 147 Hawkmere View (Lake Access): $825,000 – 4 bed, 2,054 sq ft, built 2006, quarter-acre lot, $265K in renovations, oversized triple garage [citation:1]
• 1053 West Lakeview (New Construction – Chelsea): $539,900 – 3 bed semi-detached, built 2023, 1,502 sq ft, double detached garage, 9-foot ceilings [citation:9]

Search Current Listings: Realtor.ca | Zolo Chestermere | Royal LePage

Chestermere Lake offers three distinct categories of lake-oriented properties, each with different price points and lifestyle benefits.

Direct Lakefront (Premium):

• Located directly on Chestermere Lake with deeded water access
• Feature private docks, boat lifts, and unobstructed lake views
• Highest price point: $1.2 million to $5.7 million+
• Examples: Properties along East Chestermere Drive, West Chestermere Drive, Waterford Estates [citation:5]
• Wake up to lake views, step onto your dock, and launch your boat directly from your property

Lake View (Premium-Accessible):

• Located across the street or at an angle with sightlines to the water
• No private dock, but enjoy stunning lake and sunset views
• Price point: $900,000 to $1.4 million
• Examples: Properties along Kinniburgh Boulevard, select Westmere homes
• Perfect for buyers who want lake views without the highest price tag

Lake Access (Affordable Entry):

• Located within walking distance (5-10 minutes) to public beaches and parks
• No private dock but easy access to lake amenities via public access points
• Most affordable entry point: $550,000 to $850,000
• Examples: Westmere, Chelsea, Rainbow Falls, Lakeview Landing [citation:1][citation:9]
• Short walk or bike ride to lake activities at a lower price point

Lifestyle Consideration: All options provide access to Chestermere Lake's four-season recreation, but direct waterfront offers the ultimate in convenience and prestige with private docks and unobstructed views.

Chestermere has several active home builders offering new construction homes, from entry-level townhomes to luxury lakefront estates.

Major Builders with Active Projects:

• Mattamy Homes: Canada's largest home builder, returning to Chestermere after a decade. Partnering with Truman on a 253-acre master-planned community with 1,900 homes (estimated move-ins 2029) [citation:2][citation:6][citation:8]
• Truman Homes: Long-time Chestermere builder since 1988, known for quality construction. Was the first developer to build asphalt roads with streetlights in Chestermere in the early 1990s [citation:2][citation:6][citation:10]
• Anthem: Offers front-drive homes and front-drive duplexes in the Chelsea community [citation:9]
• Sterling Homes: Active in Chelsea with front-drive duplexes and laned homes
• Trico Homes: Active in Chelsea offering laned homes
• Luxuria Homes: Offers townhomes in Chelsea

Upcoming Major Development: Mattamy Homes and Truman have partnered to develop a 253-acre master-planned community on the south side of Chestermere Lake (south of Chestermere Lake, Rainbow Road to the west, Township Road 240 to the south). The community will feature approximately 1,900 homes including single-family, semi-detached, townhomes, and multi-family apartment buildings, plus commercial retail, parks, and environmental reserve. Development approvals are expected in spring 2027, with home construction anticipated to begin in summer 2028 and first homeowners moving in early 2029 [citation:2][citation:6][citation:8].

Builder Links: Mattamy Homes | Truman Homes | Chelsea Showhomes

Chestermere Lake is a four-season recreational hub, but summer is when the lake truly comes alive. The lake is one of the only venues in the Calgary area to permit motorized boating, making it a haven for water sports enthusiasts.

Summer Activities (May to September):

• Motorized Boating: Waterskiing, wakeboarding, tubing — Chestermere Lake welcomes motorized watercraft
• Paddle Sports: Kayaking, canoeing, paddleboarding, sailing
• Fishing: The lake is stocked with rainbow trout, northern pike, and yellow perch (fishing license required)
• Swimming: Sandy beaches at Anniversary Park, Cove Beach, and Sunset Park
• Jet Skiing: Permitted on the lake with proper registration

Boat Launch Information: John Peake Memorial Park offers a day-use boat launch. Seasonal passes are available for residents who want to use their boat on the lake.

Amenities: The lake features a 16 km paved pathway encircling the water, perfect for walking, running, cycling, and rollerblading with uninterrupted water views.

Lake Information: Chestermere Boat Launch & Lake Rules

When winter freezes Chestermere Lake (typically December to March), it transforms into a spectacular playground for cold-weather recreation. The frozen surface extends approximately 10 kilometres, allowing activities that are impossible in other seasons.

Winter Activities (December to March):

• Ice Skating: The frozen lake becomes a massive natural skating rink with maintained public areas
• Pond Hockey Tournament: Annual winter event drawing teams from across the region
• Ice Fishing: Popular winter activity with good catches of trout, pike, and perch
• Snowmobiling: Permitted on the frozen lake when conditions are safe
• Ice Sailing (Wind-Powered Ice Skating): Unique winter sport for adventurers
• Cross-Country Skiing: Lakeside pathways and surrounding green spaces offer excellent skiing

Safety Notice: The City of Chestermere monitors ice thickness for safety. Always check local conditions before venturing onto the ice.

Chestermere features several beautiful beaches and parks along the lake, providing public access for all residents and visitors.

Popular Beaches:

• Anniversary Park & Beach (208 West Chestermere Drive): Sandy beach, lakeside promenade, rolling grass hills, picnic spaces, and a gathering spot for community events and sandcastle competitions
• Cove Park & Beach (259 Cove Road): Quiet retreat with sandy beach, walking path, and pirate ship-themed playground perfect for families
• Sunset Park (421 East Chestermere Drive): A favourite spot for paddle boarders, windsurfers, and kite skiers. Features concrete steps and two docks for easy water access, beach volleyball court, and "birth forest" picnic area [citation:1]

John Peake Memorial Park (Crown Jewel):

• Features a day-use boat launch, amphitheatre with covered stage, volleyball courts, and picnic shelters
• Epicentre of signature events including the annual Food Festival, Winter Lights Festival, and Canada Day celebrations

Park Information: Chestermere Parks & Beaches Map

Chestermere is served by both Rocky View Schools and the Calgary Catholic School District, offering excellent educational options for families.

Public Schools (Rocky View Schools):

• East Lake School: Kindergarten to Grade 8 – located at 325 Kinniburgh Blvd, within walking distance of many lake-adjacent properties
• Chestermere High School: Grades 9 to 12 – comprehensive secondary school with strong academic and athletic programs
• Rainbow Creek Elementary School: Kindergarten to Grade 4 – located in Rainbow Falls area

Catholic Schools (Calgary Catholic School District):

• Our Lady of Wisdom School: Kindergarten to Grade 8 – Catholic school in Chestermere

Future Schools: A new Catholic K-9 school has received construction funding with an anticipated opening as early as September 2028, located near the Chelsea neighbourhood. Additional school sites are planned in the new Mattamy/Truman development [citation:2][citation:6].

School Board Links: Rocky View Schools | Calgary Catholic School District

Chestermere's strategic location provides excellent access to Calgary's major commuter corridors, making it an ideal choice for professionals who want lakefront living without sacrificing convenience.

Major Routes:

• Highway 1 (Trans-Canada Highway): Direct east-west route to Calgary – approximately 5-10 minutes from most Chestermere communities
• 17th Avenue SE: Alternative route to Calgary's east side
• Stoney Trail (Highway 201): Calgary's ring road provides access to all quadrants

Commute Times:

• To Calgary city limits: Approximately 5 to 10 minutes
• To downtown Calgary: Approximately 20 to 25 minutes
• To Calgary International Airport (YYC): Approximately 25 to 30 minutes via Stoney Trail
• To East Hills Shopping Centre (Costco, Walmart): Approximately 8 to 10 minutes
• To South Health Campus: Approximately 15 to 20 minutes

Public Transit: Chestermere Transit offers local service within the city with connections to Calgary's MAX Purple Line and Downtown Commuter Bus during peak hours. A vehicle is recommended for daily errands.

Transit Link: Chestermere Transit Information

Chestermere offers a growing selection of shopping and dining options, with Calgary's east side amenities just minutes away.

Within Chestermere (5-10 minutes):

• Chestermere Station: Major shopping centre with Sobeys, Shoppers Drug Mart, TD Bank, restaurants, and retail
• Clearwater Landing: Commercial area with No Frills, Canadian Tire, GoodLife Fitness, and dining options
• Chestermere Landing: Charming commercial area with shops and eateries near the lake

Popular Dining Options:

• The Lakeside Bar & Grill – classic pub fare with lakefront patio views
• Browns Socialhouse – lively atmosphere for nights out
• White Elephant Thai Cuisine – authentic Thai food
• Sushi 2 Me – popular Japanese restaurant
• Dunn & Company – modern fare and craft beer
• Canadian Brewhouse – sports bar and family dining

Nearby Calgary Shopping (10-15 minutes):

• East Hills Shopping Centre: Costco, Walmart, Canadian Tire, Best Buy, Cineplex Odeon – approximately 10 minutes
• CrossIron Mills: Major outlet mall approximately 20 minutes north via Stoney Trail

Chestermere residents have access to local healthcare services, with full hospital care available in Calgary within 15 to 20 minutes.

Within Chestermere:

• Chestermere Medical Centre: Walk-in clinic and family physicians at Chestermere Station
• Dental offices and dental clinics throughout the city
• Pharmacies including Sobeys Pharmacy, Shoppers Drug Mart, and No Frills Pharmacy
• Physiotherapy, chiropractic, and other allied health services

Nearby Calgary Hospitals (15-20 minutes):

• Peter Lougheed Centre: Full-service hospital with 24/7 emergency department in northeast Calgary
• South Health Campus: Full-service hospital in southeast Calgary
• Alberta Children's Hospital: Pediatric specialty care (25-30 minutes)

Healthcare Link: Alberta Health Services

Chestermere Lake homes present exceptional investment potential due to limited supply, consistent demand, and unique lifestyle amenities.

Investment Highlights:

• Limited Supply: No new lakefront lots are being developed, making existing waterfront properties increasingly scarce and valuable. The new Mattamy/Truman development is south of the lake (lake-access, not direct waterfront), preserving the scarcity of direct lakefront homes [citation:2][citation:6].
• Consistent Demand: Chestermere is Calgary's only lake permitting motorized boating within a 15-minute drive, creating unique demand that persists through market cycles
• Price Stability: Chestermere's detached home market saw stable pricing in 2025 with a 0.02 percent increase, outperforming many other Calgary-area communities [citation:4]
• Lakefront Premium: Direct waterfront properties typically command 40-60 percent higher price per square foot than non-waterfront homes
• Future Growth: The new 1,900-home Mattamy/Truman development will bring additional amenities, retail, and population to the area, supporting long-term property values [citation:2][citation:6][citation:8]

Considerations:

• Premium pricing requires significant capital for lakefront entry
• Limited inventory means buyers may wait months for the right property
• Lakefront maintenance includes dock, shoreline, and potential flood considerations

For buyers seeking a prestigious waterfront community with strong appreciation potential and Calgary access, Chestermere Lake homes are one of the region's most resilient real estate investments.

Mattamy Homes and Truman have partnered to develop a brand-new 253-acre master-planned community on the south edge of Chestermere Lake, representing one of the largest residential developments in Chestermere's history [citation:2][citation:6][citation:8].

Development Overview:

• Location: South of Chestermere Lake, with Rainbow Road as the western boundary and Township Road 240 along the south [citation:2][citation:6]
• Size: 253 acres
• Total homes: Approximately 1,900
• Housing types: Single-family, semi-detached, townhomes, and multi-family apartment buildings (4-6 storeys) [citation:6][citation:8]
• Amenities: Commercial retail space, parks, more than 10 acres of environmental reserve, two landscaped storm ponds [citation:2][citation:6]

Timeline:

• Development approvals: Expected spring 2027 [citation:2][citation:6]
• Home construction anticipated: Summer 2028 [citation:2][citation:6]
• First homeowners moving in: Early 2029 [citation:2][citation:6][citation:8]
• Full community completion: Late 2039 [citation:2][citation:6][citation:10]

Developer Information:

• Mattamy Homes (Managing Partner): Canada's largest home builder, returning to Chestermere after a decade [citation:2][citation:6][citation:8]
• Truman: Long-time Chestermere developer with history dating back to 1988; first developer to build asphalt roads with streetlights in Chestermere in the early 1990s [citation:2][citation:6][citation:10]

The community is centred around a lake-inspired lifestyle with quick access to Chestermere Lake. Design will include a diverse product offering from starter homes to estate-style residential to appeal to all ends of the buyer spectrum [citation:6].

Developer Links: Mattamy Homes | Truman Homes