191 Magnolia Way SE
Calgary, AB, T3M 3M7
$740,000
5 Beds
4 Baths
1,747 SqFt
0.07 Acres
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MLS #A2345952 image #0
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
MahoganyFullBack Yard,see Remarks

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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

Subdivisions in Calgary

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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