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.
Property Details
Price:
$740,000
MLS #:
A2345952
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Subtype:
Detached
Subdivision:
Mahogany
Listed Date:
Sep 17, 2026
Finished Sq Ft:
1,747
Lot Size:
2,852 sqft / 0.07 acres (approx)
Year Built:
2022
See this Listing
Schools
Interior
Appliances
Dishwasher, Dryer, Electric Stove, Gas Range, Microwave Hood Fan, Range Hood, Refrigerator, Washer, Window Coverings
Basement
Full
Bathrooms Full
3
Bathrooms Half
1
Laundry Features
Lower Level, Upper Level
Exterior
Exterior Features
Private Entrance, Private Yard
Lot Features
Back Yard, See Remarks
Parking Features
Double Garage Detached, Off Street
Parking Total
2
Patio And Porch Features
Deck
Roof
Asphalt Shingle
Financial
Map
Community
- Address191 Magnolia Way SE Calgary AB
- SubdivisionMahogany
- CityCalgary
- CountyCalgary
- Zip CodeT3M 3M7
Subdivisions in Calgary
- Abbeydale
- Acadia
- Albert Park/Radisson Heights
- Alpine Park
- Altadore
- Ambleridge
- Applewood Park
- Arbour Lake
- Aspen Woods
- Auburn Bay
- Banff Trail
- Bankview
- Bayview
- Beddington Heights
- Bel-Aire
- Belmont
- Beltline
- Belvedere
- Bonavista Downs
- Bowness
- Braeside
- Brentwood
- Bridgeland/Riverside
- Bridlewood
- Britannia
- Burns Industrial
- Calgary International Airport
- Cambrian Heights
- Canyon Meadows
- Capitol Hill
- Carrington
- Castleridge
- Cedarbrae
- Chaparral
- Charleswood
- Chinatown
- Chinook Park
- Christie Park
- Citadel
- Cityscape
- Cliff Bungalow
- Coach Hill
- Collingwood
- Copperfield
- Coral Springs
- Cornerstone
- Cougar Ridge
- Country Hills
- Country Hills Village
- Coventry Hills
- Cranston
- Crescent Heights
- Crestmont
- Currie Barracks
- Dalhousie
- Deer Ridge
- Deer Run
- Deerfoot Business Centre
- Diamond Cove
- Discovery Ridge
- Douglasdale/Glen
- Dover
- Downtown Commercial Core
- Downtown East Village
- Downtown West End
- Eagle Ridge
- East Fairview Industrial
- East Shepard Industrial
- Eau Claire
- Edgemont
- Elbow Park
- Elboya
- Erin Woods
- Erlton
- Evanston
- Evergreen
- Fairview
- Fairview Industrial
- Falconridge
- Foothills
- Forest Heights
- Forest Lawn
- Forest Lawn Industrial
- Franklin
- Garrison Green
- Garrison Woods
- Glacier Ridge
- Glamorgan
- Glenbrook
- Glendale
- Golden Triangle
- Greenview
- Greenview Industrial Park
- Greenwood/Greenbriar
- Hamptons
- Harvest Hills
- Haskayne
- Hawkwood
- Haysboro
- Hidden Valley
- Highfield
- Highland Park
- Highwood
- Hillhurst
- Homestead
- Horizon
- Hotchkiss
- Hounsfield Heights/Briar Hill
- Huntington Hills
- Inglewood
- Kelvin Grove
- Killarney/Glengarry
- Kincora
- Kingsland
- Lake Bonavista
- Lakeview
- Legacy
- Lewisburg
- Lincoln Park
- Livingston
- Lower Mount Royal
- MacEwan Glen
- Mahogany
- Manchester
- Manchester Industrial
- Maple Ridge
- Marlborough
- Marlborough Park
- Martindale
- Mayfair
- Mayland
- Mayland Heights
- McCall
- McKenzie Lake
- McKenzie Towne
- Meadowlark Park
- Medicine Hill
- Meridian
- Midnapore
- Millrise
- Mission
- Monterey Park
- Montgomery
- Moraine
- Mount Pleasant
- New Brighton
- Nolan Hill
- North Airways
- North Glenmore Park
- North Haven
- Oakridge
- Ogden
- Osprey Hill
- Out of Area Calgary
- Palliser
- Panorama Hills
- Parkdale
- Parkhill
- Parkland
- Patterson
- Pegasus
- Penbrooke Meadows
- Pine Creek
- Pineridge
- Point McKay
- Pump Hill
- Queensland
- Ramsay
- Ranchlands
- Rangeview
- Red Carpet
- Redstone
- Renfrew
- Ricardo Ranch
- Richmond
- Rideau Park
- Riverbend
- Rocky Ridge
- Rosedale
- Rosemont
- Rosscarrock
- Roxboro
- Royal Oak
- Royal Vista
- Rundle
- Rutland Park
- Saddle Ridge
- Saddleridge Industrial
- Sage Hill
- Sandstone Valley
- Scarboro
- Scarboro/Sunalta West
- Scenic Acres
- Seton
- Shaganappi
- Shawnee Slopes
- Shawnessy
- Shepard Industrial
- Sherwood
- Signal Hill
- Silver Springs
- Silverado
- Skyline West
- Skyview Ranch
- Somerset
- South Airways
- South Calgary
- South Foothills
- Southview
- Southwood
- Springbank Hill
- Spruce Cliff
- St Andrews Heights
- Starfield
- Stoney 1
- Stoney 2
- Stoney 3
- Stoney 4
- Strathcona Park
- Sunalta
- Sundance
- Sunnyside
- Sunridge
- Taradale
- Temple
- Thorncliffe
- Tuscany
- Tuxedo Park
- University District
- University Heights
- University of Calgary
- Upper Mount Royal
- Valley Ridge
- Valleyfield
- Varsity
- Vista Heights
- Walden
- West Hillhurst
- West Springs
- Westgate
- Westwinds
- Whitehorn
- Wildwood
- Willow Park
- Windsor Park
- Winston Heights/Mountview
- Wolf Willow
- Woodbine
- Woodlands
- Yorkville
Market Summary
Current real estate data for Single Family in Calgary as of Sep 18, 2026
3,714
Single Family Listed
44
Avg DOM
492
Avg $ / SqFt
$863,813
Avg List Price
Property Summary
- Located in the Mahogany subdivision, 191 Magnolia Way SE Calgary AB is a Single Family for sale in Calgary, AB, T3M 3M7. It is listed for $740,000 and features 5 beds, 4 baths, and has approximately 1,747 square feet of living space, and was originally constructed in 2022. The current price per square foot is $424. The average price per square foot for Single Family listings in Calgary is $492. The average listing price for Single Family in Calgary is $863,813. To schedule a showing of MLS#a2345952 at 191 Magnolia Way SE in Calgary, AB, contact your Rob Johnstone agent at (403) 730-2330 .
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