Cottage Area Homes with Full Basement Development

Welcome to the enchanting Cottage Area of Red Deer County, Alberta—a serene community that perfectly balances the charm of rural living with the conveniences of urban proximity. Nestled within the stunning landscapes of Alberta, this area is a haven for those seeking a peaceful retreat without sacrificing access to modern amenities.

The Cottage Area is characterized by its picturesque surroundings, featuring lush greenery, tranquil lakes, and a close-knit community atmosphere. Residents here enjoy a lifestyle that embraces outdoor adventures, whether it’s hiking, biking, or simply soaking in the beauty of nature. With its friendly neighbors and inviting ambiance, the Cottage Area fosters a sense of belonging that makes it truly special.

One of the standout features of homes in this community is the availability of full basement development. These spacious basements provide endless possibilities for customization—transform them into cozy entertainment spaces, home offices, or even guest suites. The versatility of these homes allows families to grow and adapt their living spaces to meet their evolving needs.

In addition to the beautiful homes, the Cottage Area offers a range of local amenities, including shops, parks, and recreational facilities, ensuring that everything you need is just a stone's throw away. With its idyllic setting and thoughtfully designed homes, the Cottage Area is not just a place to live; it’s a lifestyle choice that invites you to enjoy the best of what Alberta has to offer. Come explore and discover your dream home in this charming community!

Newest Cottage Area Homes with Full Basement Development

$1,099,000

4 Beds ⋅ 3 Baths ⋅ A2315880 MLS® #

Stunning Lakeshore Bungalow! This luxury property is located steps from the sandy beach of Sylvan Lake in the desirable Cottage area. With over 3100 sq ft of total living space this home features nothing but high end finishings. Walk into this open concept floorpan to high ceilings, luxury vinyl plank flooring throughout and tons of natural light. Beautiful custom kitchen with an oversized kitchen island, walk through pantry, high end appliances with gas range and tons of storage. Large primary bedroom with walk in closet, ensuite offers custom cabinetry and walk in shower also on the main level is a second bedroom/den and 4 piece bathroom. Beautiful barn doors will open to the mudroom/laundry with built ins and freezer. Fully finished basement offers two additional bedrooms another 5 piece bathroom, a second family room, bar and games area for lots of entertaining. This home features covered front and back porches with composite decking with additional storage under the back deck for kayaks and entertaining needs. Parking and storage is not a problem with an oversized heated double attached garage with high ceilings, and a single detached garage. Maintenance free landscaping with Gas BBQ line makes this the perfect lake home.

5052 Lakeshore Drive, Red Deer County

Courtesy of Grassroots Realty Group Ltd..

$1,499,900

5 Beds ⋅ 4 Baths ⋅ A2305221 MLS® #

Imagine the possibilities here! Situated in the perfect central location on Lakeshore Drive, w/ beautiful views from 3 front decks, this Amazing brand new home has a Legal Suite! Right across the street is the park & the beach, 1/2 block from food & shopping, this could be the Perfect home for an Air BnB, either from the legal suite downstairs or from the upper floor. Enter from the east facing door into the fully insulated stairwell & choose to go upstairs to the main levels or downstairs. Or enter from the south (back) deck into the main area & you will be amazed @ all the windows and light. Every little detail was considered, from the moment you enter this spacious entrance with built in bench & hooks, to the half bath with full tile wall & the view towards the front of the home to the lake. This kitchen is the dream layout, with an over 5'x12' island with a leather finish quartz countertop (check out the storage underneath the overhang), the pull out shelf for your mixmaster or blenders, the custom coffee bar with RO tap to fill up your coffee maker & wine rack above. Beside the stove is spice & knife storage. The FULL SIZED fridge/freezer will make you giddy! Through the pocket door to your custom pantry with sink, tons of shelving & more cabinetry. Not to be outdone, this living room features a VIEW through triple paned windows & a fireplace that's so powerful it could heat the whole house. From the dining area, head out the patio doors to this covered deck with glass railing & has a gas line for a firetable. Upstairs, this stairwell takes advantage of its location with no neighbors & uses more windows to bring in morning light. 2 good sized bedrooms, a full bathroom with room for your custom shelving unit & a large linen make excellent use of the space. This laundry room will make everyone want to spend time in it, with a built in ironing board & custom cabinetry that is thoughtfully planned to make sure everything gets a spot. The primary bedroom area is a retreat that makes you want to stay in bed all day & enjoy the view from the multitude of windows & or head out the patio door that lead onto this 3rd level deck with even better views of the lake & town. This upper deck is partially covered, & was beefed up to allow a hot tub on this level if wanted, with 220 wiring ready as well as gas line for heater or firetable as well. The ensuite features a soaker tub, an extra large tile shower & double sinks + underfloor heat. Stroll into this walk in closet that will make you jump for joy with all the organization. & This legal suite is bright & airy, has a walk up & full patio with view of the lake as well, 2 good sized bedrooms & underfloor heating & it's own HRV + it's own laundry as well! Furnace room has 2 HW on demand, 2 HRV, 1 high efficient furnace & RO system. 24x24 garage is insulated & drywalled & roughed in for gas heat. Concrete pad will be poured for extra parking beside garage.

4205 Lakeshore Drive, Red Deer County

Courtesy of RCR - Royal Carpet Realty Ltd..

$739,900

6 Beds ⋅ 4 Baths ⋅ A2285838 MLS® #

Welcome to 5008 41 Street in Sylvan Lake, a beautifully designed 6-bedroom, 3.5-bath home just steps from the beach, walking trails, and all the best of lake life. Whether you're seeking a full-time residence, a vacation retreat, or a smart investment property, this home delivers on all fronts. The bright, open-concept main floor features beautiful hardwood and tile flooring throughout, with a spacious kitchen anchored by a large central island — ideal for cooking, hosting, and gathering. Upstairs, you'll find the primary bedroom with a private 3-piece ensuite, plus three more generous bedrooms and a full laundry room. The fully finished basement offers two additional bedrooms, a full bathroom, second laundry area, and a private exterior entrance. To date, all primary rental income has come from the upper level only, which has been successfully used for both short-term (Airbnb) and long-term rentals. The basement remains mostly unused, aside from one room that is currently being rented for storage. Outside, enjoy your private hot tub — a huge draw for guests and a perfect way to relax year-round. Additional features include, central vacuum roughed in, double detached garage which is currently being rented out for $450/month. The basement storage room is also being rented out at $275/month. 2023/2024 Rental Revenue for Airbnb is $48,212.29 - long term rental $24,450 - Garage Rental $5400/year & Storage room rental in the basement $3300/year. The total gross income is approximately $81,362.29 annually.

5008 41 Street, Red Deer County

Courtesy of eXp Realty.

$1,750,000

4 Beds ⋅ 6 Baths ⋅ A2257255 MLS® #

Step into unparalleled lakeside elegance with this architecturally stunning, custom-built 2021 modern bungalow nestled on prestigious Lakeshore Drive in Sylvan Lake’s coveted Cottage Area. This 2,044 sq. ft. Fully developed masterpiece (on a spacious 5,662 sq. ft. lot) blends cutting-edge contemporary design with high-end finishes, delivering the ultimate in sophisticated lakeside living. With 4 bedrooms (including a main-floor master), 6 bathrooms (3 ensuites), and seamless indoor-outdoor flow, every detail has been meticulously crafted for comfort, entertaining, and effortless enjoyment of Alberta’s most desirable lakefront community. Imagine waking up to serene lake views and stepping straight onto walking paths that lead to pristine beachfront, vibrant downtown shops, and world-class dining – all just moments from your door. This home offers direct access to Sylvan Lake’s recreational paradise, including boating, swimming, and year-round community events. Whether you’re hosting sunset gatherings or enjoying quiet mornings by the water, this is lakeside living at its finest. Plus, a built-in boat slip and private entrance make waterfront adventures effortless. Inside, the open-concept design flows beautifully with high ceilings, vaulted accents, and premium flooring throughout. The chef’s kitchen is a showstopper – featuring top-of-the-line stainless steel appliances, expansive granite countertops, custom cabinetry, a large island, and a walk-in pantry. Perfect for culinary creations or casual family meals. A gas fireplace adds cozy ambiance to the living spaces, while in-floor heating keeps every room warm and inviting year-round. This isn’t just a home; it’s a fully integrated smart sanctuary. Enjoy **lighting control throughout** the entire property for effortless ambiance at the touch of a button or via app. Standout **built-in wave lighting** wraps around the home’s exterior, creating dramatic, customizable illumination that highlights the modern architecture by day or night. The home is pre-wired for **Sonos** with integrated speakers in key areas, delivering immersive audio for music, movies, or entertaining. High-efficiency HVAC, smart home integration, and wired-for-sound capabilities mean every convenience is at your fingertips – from climate control to entertainment systems. No detail was overlooked: wine storage tucked under the stairway, a wet bar, closet organizers, and a half-bath on the upper balcony for seamless hosting. The main-floor master suite offers a luxurious escape with its ensuite and walk-in closet. Three additional spacious bedrooms (each with ensuites) provide flexibility for family, guests, or a home office. A fully finished basement expands your living options with extra recreation or relaxation space. Outside, unwind on the balcony, fire up the built-in gas BBQ, or gather in the private yard – all enhanced by the home’s striking lighting features. Oversized double attached garage with refrigerator and room for 5 vehicles.

3417 Lakeshore Drive, Red Deer County

Courtesy of Maxwell Real Estate Solutions Ltd..

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