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Calgary · Single Family · under $775,000 · 4+ bed · 4+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1040 Mahogany Boulevard SE
Experience modern living in this beautifully maintained duplex, built in 2023 and located in Calgary's award-winning lake community of Mahogany. Thoughtfully designed with a fully legal 2-bedroom secondary suite, this home offers exceptional versatility for homeowners, investors, or multi-generational families. The bright, open-concept main floor features luxury vinyl plank flooring, soaring ceilings, large windows, and stylish contemporary finishes throughout. A private front office provides the perfect work-from-home space, while the spacious living and dining areas flow effortlessly into the chef-inspired kitchen. Complete with full-height white cabinetry, quartz countertops, a timeless tile backsplash, stainless steel appliances, a pantry, and a large centre island with seating, this kitchen is both functional and elegant. A mudroom and convenient 2-piece powder room complete the main level. Upstairs, the spacious primary suite offers a walk-in closet and a spa-inspired ensuite. Two additional bedrooms, a full bathroom, a versatile bonus room, and an upper-level laundry room provide plenty of space for everyday living. The professionally finished lower level features a fully self-contained legal 2-bedroom, 2-bathroom secondary suite with its own private side entrance, full kitchen, family room, and separate laundry, making it ideal for extended family or guests. Flooring throughout includes luxury vinyl plank, ceramic tile, and carpet, offering a perfect combination of style, comfort, and durability. Mahogany is one of Calgary's premier four-season lake communities, offering residents exclusive access to a private lake, sandy beaches, parks, scenic walking paths, playgrounds, schools, shopping, restaurants, and countless recreational opportunities—all within a vibrant, family-friendly neighbourhood. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 5.67 Ft x 16.25 Ft | |
| Living room | 2.67 Ft x 12.42 Ft | |
| Bedroom | 9.00 Ft x 9.75 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.92 Ft | |
| Bedroom | 9.50 Ft x 10.17 Ft | |
| Laundry room | 3.25 Ft x 4.42 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.75 Ft | |
| Furnace | 5.50 Ft x 10.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room/Dining room | 12.75 Ft x 21.75 Ft | |
| Kitchen | 12.17 Ft x 13.33 Ft | |
| Foyer | 6.08 Ft x 6.75 Ft | |
| Den | 10.25 Ft x 10.67 Ft | |
| 2pc Bathroom | 5.58 Ft x 6.00 Ft | |
| Other | 5.75 Ft x 8.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 9.17 Ft x 10.17 Ft | |
| Primary Bedroom | 12.75 Ft x 14.25 Ft | |
| Other | 4.58 Ft x 5.92 Ft | |
| 5pc Bathroom | 5.92 Ft x 9.08 Ft | |
| Bedroom | 9.33 Ft x 9.58 Ft | |
| Other | 3.00 Ft x 4.08 Ft | |
| Laundry room | 5.17 Ft x 6.33 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.00 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.25 Ft x 9.58 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
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,330
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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 6, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.