An architecturally significant home built with premium steel I-beams providing an envelope that remains indestructible for years to come. With the rising costs of materials, this 2500+ sq ft walk-out foundation placed in the most desirable location of Chestermere Lake leads way for tons of potential. Privacy and quietness are 10/10 with a public utility lot on the south side displacing further distance from the neighbour. One of only 10 exclusive lakefront lots in a peaceful cul-de-sac making it a great place for kids to play on the street as there is no through traffic. Immediately across the street is no neighbours as they are the back of acreages! On the north side lies only a small summer cabin, not a year round residence. Additionally this incredible lot has a massive private dock with steel posts, and you own the land in the water just beyond where the dock runs, so that remains an option for further extension of the outdoor living space. a robust retaining wall has been put in to ensure the backyard will always be flat and more importantly you won't experience water problems in the foundation. A private boat launch that has been grandfathered in on the enormous 111ft of lake frontage (most lots have 50ft). Roof has been recently replaced as well as 2 AC units, HWT and 1 of the furnaces controlling the main floor. A facelift could coincide any structural alterations that you may desire, but you can be assured that all of the necessary maintenance hasn't been deferred, giving you the flexibility to complete those at your own preferred timeline. With many of the lakefront homes undergoing complete remodelling or full reconstruction the values are skyrocketing and this remains bar-none the best bang for your buck by a landslide. With the new price, this will go fast so be sure to act before it is too late!