JN REAL ESTATE GROUP

Mahogany

LIST PRICE

$740,000

191 Magnolia Way SE, Calgary · T3M 3M7

5 BEDROOMS · 4 BATHROOMS · 1,747 SQFT · BUILT 2022

MLS A2345952 · 0 DAYS ON MARKET

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RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

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.

DETAILS

TRANSACTION

TRANSACTION
For Sale

INTERIOR

BEDROOMS
5
FULL BATHS
3
HALF BATHS
1
LIVING AREA (SQFT)
1,747
FEATURES
Double Vanity · Soaking Tub · Walk-In Closet(s)
APPLIANCES
Dishwasher · Dryer · Electric Stove · Gas Range · Microwave Hood Fan · Range Hood · Refrigerator · Washer · Window Coverings
FLOORING
Carpet · Tile · Vinyl Plank
BASEMENT
Full
BASEMENT DEVELOPMENT
Finished

BUILDING

TYPE
Detached
STYLE
2 Storey
YEAR BUILT
2022
NEW CONSTRUCTION
No
CONSTRUCTION
Masonite · Stone · Wood Frame
ROOF
Asphalt Shingle
FOUNDATION
Poured Concrete

PARKING

GARAGE SPACES
2
TOTAL PARKING
2
PARKING
Double Garage Detached · Off Street

LOT & EXTERIOR

LOT SIZE (SQFT)
2,852
LOT SIZE (ACRES)
0.07
LOT
Back Yard · See Remarks
EXTERIOR
Private Entrance · Private Yard
PATIO & PORCH
Deck
FENCING
Fenced

COMMUNITY

COMMUNITY
Mahogany
COMMUNITY FEATURES
Clubhouse · Fishing · Lake · Park · Playground · Pond · Schools Nearby · Shopping Nearby · Sidewalks · Street Lights · Tennis Court(s) · Walking/Bike Paths
ZONING
R-G
POSTAL CODE
T3M 3M7

UTILITIES & COSTS

HEATING
Forced Air · Natural Gas
COOLING
None
ANNUAL TAXES
$5,263

LISTING COURTESY OF ROSE CALVELO · EXP REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.