The Calgary lake communites homes for sale surround the City of Calgary. SouthEast Calgary hosts most of Calgary’s lake communities, including Lake Bonavista, McKenzie Lake, Sundance, Chaparral, Midnapore, and Auburn Bay and Mahogany. With beaches with swimming, boating, fishing, and ice sports, SouthEast Calgary is the water lovers place to live. Find Calgary lake homes, luxury lake home properties, gated lake home communities. Calgary lake homes for sale directory of waterfront properties.