Listed By:
eXp Realty
Address
191 Magnolia Way Se, Calgary, AB
Price
$ 740,000
Property Attributes
  • ID#A2345952
  • TypeSingle Family
  • Listing Status Active
  • CityCalgary
  • AreaCAL Zone SE
  • NeighbourhoodMahogany
  • Postal CodeT3M 3M7
  • Style2 Storey
  • Year Built2022
  • Price$ 740,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage1747
  • Lot Size0.065473 Acres
Data Source:
Pillar 9 Technologies
Property Description

INVESTOR ALERT! A TRULY TURNKEY, HANDS-OFF INVESTMENT WITH GREAT TENANTS ALREADY IN PLACE! Built in 2023 by Hopewell Residential, this exceptionally well-maintained property offers an opportunity to own a premium income-generating home in the highly sought-after lake community of Mahogany. Featuring a spacious upper residence plus a LEGAL 2-bedroom basement suite, the property currently generates a combined $4,550/month ($54,600/year) in gross rental income from both units. The hard work has already been done, simply take over an established, income-producing property from day one. The upper residence stands out with impressive 10-foot ceilings, bright modern living spaces, a spacious kitchen, comfortable living and dining areas, well-sized bedrooms, a 5-piece ensuite and access to the double detached garage. The garage is equipped with an added subpanel to accommodate a future EV charger, an increasingly desirable feature for tenants. Both the front and backyard are fully maintenance-free, adding convenience for tenants while minimizing ongoing exterior upkeep for the owner. The LEGAL 2-bedroom basement suite feels anything but typical, with 9-foot ceilings, its own kitchen, living area, bathroom and separate entrance, creating a bright and comfortable independent living space. The outdoor areas have also been thoughtfully divided with double fencing, giving each unit its own private space. This property was designed with tenants in mind. The combination of a newer 2023 build, high ceilings on both levels, a legal suite, private outdoor spaces, maintenance-free landscaping and a double garage helps set it apart from a typical rental and makes it particularly attractive to quality, long-term tenants. Great tenants are already secured in both units, providing immediate and established rental income. No renovations to complete, no tenants to find and no maintenance to worry about, this property is truly set up to be a hands-off investment. Located in one of Calgary’s most desirable lake communities, residents enjoy access to Mahogany Lake and its year-round amenities, extensive pathways, parks, playgrounds, schools, shopping and restaurants, with convenient access to major roadways. For an investor looking for a newer, income-producing property without the usual upfront work, this is about as turnkey as it gets.

* Sold date and price as reported on the RAE's MLS® System.

Price History
9/17/2026 Listed $740,000

General Features

Heating Forced Air,Natural Gas
Cooling None
Roof Asphalt Shingle
Appliances Dishwasher,Dryer,Electric Stove,Gas Range,Microwave Hood Fan,Range Hood,Refrigerator,Washer,Window Coverings
Zoning R-G
Number of Garage Spaces 2
Restrictions Easement Registered On Title,Restrictive Covenant
Year Built 2022
Architectural Style 2 Storey
Community Features Clubhouse,Fishing,Lake,Park,Playground,Pond,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),Walking/Bike Paths
Levels Two
Property Subtype Detached
Transaction Type For Sale
HOA Fee 2 603.45
County Calgary
Property Type Residential
Subdivision Name Mahogany
Parking Total 2
Construction Materials Masonite,Stone,Wood Frame
District CAL Zone SE
Full Baths 3
Status Active
City Calgary
Basement Development Finished
Association Amenities Park
Structure Type House
Standard Status Active
Condo Type Not a Condo
Association Fee 2 Frequency Annually
Association 2 YN Yes
Suite Yes

Interior Features

Interior Features Double Vanity,Soaking Tub,Walk-In Closet(s)
Basement Full
Flooring Carpet,Tile,Vinyl Plank
Basement Features Separate/Exterior Entry
Half Baths 1
Bedrooms Above Grade 3
Rooms Above Grade 6
Ensuite Yes
Total Bedrooms 5
Below Grade Finished Area 795.51
Below Grade Finished Area Unit Type SquareFeet
Total Baths 4
Laundry Features Lower Level,Upper Level
Five Piece Ensuite Bath 1
Main Level Finished Area 889.41
Main Level Finished Area Metres 82.63
Main Level Finished Area SF 889.41
Main Level Finished Area Srch Sq 889.41
Main Level Areas SquareFeet

Exterior Features

Exterior Features Private Entrance,Private Yard
Lot Features Back Yard,See Remarks
Fencing Fenced
Inclusions Refrigerator (lower),dishwasher (lower),washer (lower),dryer (lower),curtain rod in living room with curtains,built-in microwave (upper).
Parking Features Double Garage Detached,Off Street
Frontage Length 7.81M 25`7
Foundation Poured Concrete
Lot Size Acres 0.07
Garage Y/N Yes
Lot Size Square Feet 2852
Frontage Ft 25.62
Patio And Porch Features Deck

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T3M 3M7

Price
AVG $740K
$740K
Year Built
AVG 2022
2022

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