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103 Mercado Crescent SE
Beds
3
Baths
3 full + 1 half
Sqft
2,119
Year
2026
Type
Single Family
On market
25d
Welcome to the “Grada” by Hopewell, where elevated design, impressive natural light, and everyday functionality come together in one of Calgary’s most sought-after lake communities, Mahogany. Offering 2,119 sq. ft., 3 bedrooms, a main floor flex room and a thoughtfully planned layout designed for modern family living, this home delivers the space, flexibility, and style today’s buyers are looking for. From the moment you arrive, the home makes a strong first impression with great curb appeal, a crisp white exterior, and a modern farmhouse feel that gives it a fresh timeless presence. Inside, the main floor continues to impress with a versatile front flex room just off the entry. Whether used as a home office, homework zone, reading room, play space, or quiet sitting area, this space adds valuable flexibility without compromising the open-concept design. As you move further into the home, the layout opens beautifully into a spacious dining area and inviting lifestyle room, creating a natural flow for both everyday living and entertaining. The open-to-above living room adds a dramatic sense of space, while floor-to-ceiling windows bring in an abundance of natural light and make the home feel bright, airy, and welcoming. An electric fireplace serves as the centerpiece of the room, adding warmth, style, and a comfortable focal point to this impressive gathering space. The kitchen is truly stunning and offers the perfect blend of modern design and timeless detail. Raised two-tone cabinetry extends to the bulkhead, with clean white cabinets paired beautifully with a grey island, gold hardware, and modern light fixtures that bring a polished designer feel to the space. Quartz countertops, a large central island, built-in microwave, upgraded storage drawers, and a stand-alone hood fan complete the layout. The marble-style tile backsplash surrounds the hood fan and creates a striking feature wall that adds texture, elegance, and a high-end finish to the heart of the home. Up stairs, the thoughtful design continues with a central bonus room overlooking the main living space below. Thanks to the oversized two-storey windows, this area feels open, bright, and connected to the rest of the home. The upper level also includes three spacious bedrooms, a full bathroom, and convenient upper floor laundry. The primary retreat offers a comfortable escape at the end of the day, complete with a well-appointed ensuite featuring a step-in shower for a clean, spa-inspired feel. The lower level provides excellent future potential separate side entrance, giving you added flexibility to expand your living space over time or explore the possibility of a secondary suite(a secondary suite would be subject to approval & permitting by the city/municipality). Located in Mahogany, this home offers more than just a beautiful place to live, it offers one of Calgary’s most complete lifestyle communities. Known for its award-winning design, four-season lake, beaches, beach club, wetlands and so much more! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.00 Ft x 12.83 Ft | |
| Dining room | 10.92 Ft x 8.92 Ft | |
| Kitchen | 10.00 Ft x 10.17 Ft | |
| Other | 12.08 Ft x 9.75 Ft | |
| 2pc Bathroom | 5.08 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 13.50 Ft x 11.00 Ft | |
| Primary Bedroom | 12.42 Ft x 14.50 Ft | |
| 5pc Bathroom | 10.17 Ft x 9.00 Ft | |
| Bedroom | 9.17 Ft x 11.92 Ft | |
| Bedroom | 12.92 Ft x 10.33 Ft | |
| 5pc Bathroom | 10.58 Ft x 5.33 Ft | |
| Laundry room | 6.42 Ft x 5.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.97%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,936
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.