Address
191 Magnolia Way Se, Calgary, AB
Price
$ 740,000
Property Attributes
- ID#A2345952
- TypeSingle Family
- Listing Status Active
- MunicipalityCalgary
- CityCalgary
- AreaMahogany
- NeighbourhoodMahogany
- Postal CodeT3M 3M7
- Style
- Year Built2022
- Price$ 740,000
- Bedrooms3+2
- Bathrooms3
- Half Bathrooms1
- Sqr Footage1747
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)
General Features
| Features | See remarks, Parking |
|---|---|
| Community Features | Lake Privileges, Fishing |
| Property Type | Single Family |
| Zoning Description | R-G |
| CommunityName | Mahogany |
| Amenities | Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby |
| Building Appliances | Washer, Refrigerator, Range - Gas, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Hood Fan, Window Coverings |
| Building Basement Features | Separate entrance, Suite |
| Building Cooling Type | None |
| Parking Space Total | 2 |
| Foundation Type | Poured Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Material | Wood frame |
| Construction Style Attachment | Detached |
| Flooring Type | Carpeted, Tile, Vinyl Plank |
| Living Area Range | 1747 |
| Bedrooms | 3+2 |
Exterior Features
| Structure | Deck |
|---|---|
| Land Amenities | Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby |
| Exterior Finish | Stone |
| Fence Type | Fence |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 2pc Bathroom | 5.00 Ft x 4.83 Ft | Main level | ||
| 4pc Bathroom | 8.75 Ft x 4.92 Ft | Upper Level | ||
| 5pc Bathroom | 5.92 Ft x 19.08 Ft | Upper Level | ||
| Bedroom | 9.00 Ft x 11.42 Ft | Upper Level | ||
| Dining room | 14.58 Ft x 10.33 Ft | Main level | ||
| Furnace | 6.50 Ft x 14.50 Ft | Lower level | ||
| Kitchen | 13.67 Ft x 15.58 Ft | Main level | ||
| Living room | 13.75 Ft x 16.08 Ft | Main level | ||
| Other | 4.92 Ft x 10.25 Ft | Main level | ||
| Primary Bedroom | 12.58 Ft x 14.00 Ft | Upper Level | ||
| Recreational, Games room | 13.83 Ft x 16.00 Ft | Lower level |
Amenities
- Views
- 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
Year Built
In The Neighbourhood
Just Listed
Calgary
$ 669,000
- Type
- Single Family
- Size
- 1,680 SqFt
- Rooms
- 5 Beds + 4.5 Baths
Real Broker
Open House
Calgary
$ 540,000
- Type
- Single Family
- Size
- 1,210 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Royal LePage Benchmark
Open House
Calgary
$ 1,175,000
- Type
- Single Family
- Size
- 2,729 SqFt
- Rooms
- 4 Beds + 3.5 Baths
RE/MAX First
Just Listed
Calgary
$ 749,000
- Type
- Single Family
- Size
- 2,410 SqFt
- Rooms
- 4 Beds + 2.5 Baths
CIR Realty
Just Listed
Calgary
$ 1,080,000
- Type
- Single Family
- Size
- 2,713 SqFt
- Rooms
- 5 Beds + 3.5 Baths
TREC The Real Estate Company
Open House
Calgary
$ 565,900
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Real Broker
Just Listed
Calgary
$ 749,000
- Type
- Single Family
- Size
- 2,411 SqFt
- Rooms
- 4 Beds + 2.5 Baths
CIR Realty
Open House
Calgary
$ 1,175,000
- Type
- Single Family
- Size
- 2,729 SqFt
- Rooms
- 4 Beds + 3.5 Baths
RE/MAX First
Just Listed
Calgary
$ 1,080,000
- Type
- Single Family
- Size
- 2,713 SqFt
- Rooms
- 5 Beds + 3.5 Baths
TREC The Real Estate Company
Just Listed
Calgary
$ 668,000
- Type
- Single Family
- Size
- 1,767 SqFt
- Rooms
- 6 Beds + 3.5 Baths
Associates Real Estate
Open House
Calgary
$ 1,150,000
- Type
- Single Family
- Size
- 2,500 SqFt
- Rooms
- 4 Beds + 3.5 Baths
eXp Realty
Open House
Calgary
$ 1,150,000
- Type
- Single Family
- Size
- 2,501 SqFt
- Rooms
- 4 Beds + 3.5 Baths
eXp Realty
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Last Update: September 18, 2026 10:07 PM U
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2026 All rights reserved.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.