Just Listed

Address

191 Magnolia Way Se, Calgary, AB

Listing Type

Active

Price

$ 740,000

Your Agent

Fatima Kaddoura

Sales Representative

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.

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