Gateway Southcentre
11811 Lake Fraser Dr Se, Calgary, AB T2J 7J1
Market Overview
Last sale: Oct 10, 2026
Condo Fees
2026 Assessment
Building Features
Policies
Known Issues & Notes
Known Issues (news/court)
[lawsuit_or_court - developer / warranty] A lessor sued the Condominium Corporation for failing to maintain a geoexchange heating/cooling system it leased for 25 years at $250,000 per year (totaling over $6,000,000), and the Corporation counterclaimed against the lessor, the developer, and the developer's director for breach of fiduciary duty, unfair/oppressive conduct, and improper self-dealing in installing and leasing the system before transferring it to a related company for $1.5 million. The Master dismissed the director's application for summary dismissal of the counterclaim, finding there was a genuine issue for trial as to his personal liability, with costs to follow the event. (2013-05-15)
SourceRepairs/Projects
Geothermal heating and cooling system installed. Recent unit updates include flooring, appliances, and fixtures (2023–2025).
About This Building
Gateway Southcentre is a 500-unit, seven-storey mid-rise apartment complex built in 2007 at 11811 Lake Fraser Drive SE in Lake Bonavista, Calgary. The concrete-construction building features geothermal heating and cooling, a fitness centre, guest suites, and titled underground parking. Recent sales have averaged around $287,000, with monthly condo fees averaging roughly $711; the city's 2026 assessed value for units averages $270,000. The community is steps from Southcentre Mall, the Anderson LRT, and local parks and schools. Before finalizing your purchase, have a real estate lawyer and accountant review the condo documents—including the reserve fund study, financial statements, board minutes, and bylaws—to assess the building's financial health and any planned major repairs.