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Calgary · Single Family · under $825,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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104 Mercado Crescent SE
Welcome to the Liona by Hopewell Residential, a beautifully upgraded home in Calgary’s award-winning lake community of Mahogany, offering 1,835 sq. ft. of thoughtfully designed living space, 3 bedrooms, 2.5 bathrooms, and a stylish blend of comfort, function, and everyday luxury. From the moment you step inside, the home makes a memorable first impression with durable luxury vinyl plank flooring, modern matte black finishes, and a unique barrel archway connecting the foyer to the kitchen, adding a custom architectural detail that sets this home apart. The main floor is bright, open, and designed for real life, whether you are hosting friends, enjoying a quiet night in, or keeping an eye on the kids while dinner comes together. The upgraded kitchen is a true highlight, featuring quartz countertops, stainless steel appliances, a chimney hood fan, built-in microwave, kitchen pot lights, an upgraded Silgranite undermount sink, upgraded faucet, and a clean modern layout that feels both stylish and highly functional. The adjacent dining and lifestyle spaces offer an easy flow for entertaining, while the painted black spindle railing adds a polished designer touch to the main floor. Upstairs, you will find three good sized bedrooms, including a comfortable primary retreat with its own ensuite and upgraded matte black bathroom hardware. Quartz countertops continue throughout the home, creating a cohesive and elevated feel from top to bottom. Two additional bedrooms, a full bathroom, and thoughtful everyday storage complete the upper level, making this a great fit for families, professionals, or anyone looking for a smart and stylish floor plan. The basement offers excellent future potential with a 9’ foundation height, side entry, wet bar sink rough-in, and a simplified basement suite (a secondary suite would be subject to approval and permitting by the city/municipality) rough-in, giving you flexibility for future development, extended family, or potential added value down the road. Outside, the exterior BBQ gas line is ready for summer evenings and weekend cookouts, while the home’s location near green space, a playground, and future commercial services adds everyday convenience. Life in Mahogany is about more than just the home; it is about the lifestyle. As one of Calgary’s most sought-after lake communities, Mahogany offers four-season amenities including lake access, beaches, pathways, parks, playgrounds, wetlands, and the vibrant Mahogany Village area with shops, restaurants, services, and everyday conveniences close by. Whether it is paddleboarding in the summer, skating in the winter, walking the pathways, or meeting friends for dinner nearby, Mahogany delivers a connected, active, and family-friendly lifestyle that continues to make it one of Calgary’s most desirable communities. **Photos are from the show home/previous builds to demonstrate quality of construction & finishes and may not be an exact representation of this home** (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.92 Ft x 11.83 Ft | |
| Dining room | 10.00 Ft x 11.83 Ft | |
| Kitchen | 11.00 Ft x 15.50 Ft | |
| Other | 8.50 Ft x 6.17 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 12.83 Ft x 12.92 Ft | |
| Primary Bedroom | 12.00 Ft x 14.00 Ft | |
| 5pc Bathroom | 10.58 Ft x 12.17 Ft | |
| Bedroom | 9.08 Ft x 10.08 Ft | |
| Bedroom | 9.08 Ft x 9.00 Ft | |
| 4pc Bathroom | 7.17 Ft x 4.92 Ft | |
| Laundry room | 6.00 Ft x 5.08 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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 31, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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