Coral Springs Calgary Real Estate (2026): The NE's Only Lake Community
Coral Springs is the only private lake community in NE Calgary — a 32-acre resident lake, established 1990s detached stock, mature trees, and one of the highest median household incomes in the NE quadrant. Detached from ~$620K. The NE's answer to Mahogany at sub-Mahogany pricing.
Where Coral Springs Sits — and Who Lives There
Coral Springs is bordered by McKnight Boulevard (north), Coral Springs Boulevard (south + east), and Falconridge Drive (west). Built out 1989-2002 around the private Coral Springs Lake. Fully developed; only occasional resale on lake-fronting lots.
Per 2024 Statistics Canada data, median household income is ~$108K (~20% above Calgary median of $89K and ~30% above adjacent NE communities). Residents skew established professional + tech + healthcare. Significant South Asian (Punjabi, Pakistani, Indian) population alongside long-settled European-Canadian families. The lake community + higher income demographic distinguishes Coral Springs from its NE neighbours.
Coral Springs Calgary Home Prices (May 2026)
| Property type | Benchmark price | Typical sqft | $/sqft |
|---|---|---|---|
| Detached | $620K-$820K | 1,700-2,400 | ~$340/sqft |
| Semi-detached / duplex | $540K-$640K | 1,500-1,900 | ~$345/sqft |
| Townhouse | $430K-$520K | 1,400-1,700 | ~$320/sqft |
| Condo / apartment | $310K-$410K | 900-1,200 | ~$345/sqft |
Coral Springs benchmark price-per-sqft sits 15-25% above adjacent NE communities (Castleridge, Falconridge, Martindale) and 30-40% below SW lake-community equivalents (Mahogany, Auburn Bay). Lake-fronting lots carry a $50-120K premium over identical floor plans on interior streets.
Why Buyers Choose Coral Springs
- Calgary's ONLY NE lake community — private 32-acre Coral Springs Lake with beach, fishing, ice skating, kayaking.
- Established 1990s detached stock with mature trees + finished landscaping.
- Coral Springs Plaza (5 min) — Sobeys, banks, restaurants, full retail.
- Stoney Trail + McKnight access — predictable commutes to airport (10 min) and downtown (22 min off-peak).
- Higher median income = settled community, lower turnover, consistent resale velocity.
- Walking + biking paths around the lake; community events on the beach in summer.
What to Watch For (The Honest Trade-Offs)
- 1990s systems aging: roofs, furnaces, water heaters from original build are at end-of-life. Verify documentation on any home built 1989-1995.
- Poly-B plumbing common on early-phase homes; many have been replaced. Inspect carefully.
- Lake-fronting lot premium sits at $50-120K. Worth it for the view + private dock access; not worth it if the lot orientation doesn't catch sun.
- School catchment is mid-tier: Coral Springs School (CBE K-9) is solid but not top-quartile. Notre Dame HS (CCSD) is the popular Catholic option.
- HOA / lake fees: ~$425/yr per household for lake access + community maintenance. Verify current rate at closing.
Comparable Calgary Neighbourhoods (For Reference)
- Martindale — NE neighbour, $80-130K discount, no lake access, established Sikh community.
- Falconridge — NE neighbour, $100-180K discount, older 1980s stock.
- Saddle Ridge — newer NE, similar pricing, LRT access (no lake).
- Castleridge — south neighbour, similar 1990s vintage, $60-120K discount (no lake).
- Auburn Bay — SE lake-community equivalent, $80-150K premium for newer + larger amenities.
Send me your buy box (budget · beds · timeline) and I'll send back a one-page Coral Springs snapshot: 3-5 currently-active listings that match, recent comparable sales on your target streets, and a 24-month price-trend chart for your specific property type. Free, no commitment. Text or call 403-888-4268 or use the link below.