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Calgary · Single Family · under $725,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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107 MASTERS Heights SE
Welcome to the lifestyle you’ve been waiting for—where comfort, function, and community come together in perfect harmony. This beautifully maintained and thoughtfully upgraded home(2300+sqft) is nestled on a quiet, tree-lined street in the highly sought-after lake community of Mahogany. Surrounded by young families and just minutes from the wet lands, beach club, shopping, dining, schools, and parks, this is the kind of place where memories are made. From the moment you arrive, the curb appeal sets the tone—with a gorgeous landscape framing the front yard and a charming front elevation that welcomes you in. Step inside to discover a sunny, open-concept main floor with 9 feet ceilings designed for everyday living and easy entertaining. The front living room is bright and spacious, featuring oversized windows and a cozy electric fireplace framed by an exceptional media console—a perfect spot to gather and unwind. Centrally located, the dining room can comfortably fit a large table and sits beneath a modern light fixture, seamlessly connecting the living room to the heart of the home: the U-Shaped Gourmet kitchen. With dark brown cabinetry, white quartz countertops, a stylish mini brick subway backsplash, stainless steel appliances, and a sleek microwave hood fan, this kitchen checks all the boxes. LED lights and rich LVP floors run throughout the main floor, adding warmth and elegance. Tucked away just off the stairs, you’ll find a smart and efficient pocket office—the ideal space for a home office, study area, or creative studio—providing flexibility for today’s work-from-home lifestyle.Upstairs, the primary bedroom is a peaceful retreat with a generous walk-in closet, and a spa-inspired ensuite featuring a soaker tub and a walk-in shower. Two additional bedrooms overlook the nicely landscaped backyard and are serviced by a full bathroom and a convenient upper floor laundry room. Downstairs, the professionally developed, fully legal basement suite offers incredib le flexibility with a separate entrance, two bedrooms plus an additional den, a modern kitchen, private laundry, and a full bathroom—ideal for multigenerational living, guests, or income potential. Step outside and enjoy a two-tiered backyard experience: a raised deck for BBQs and lounging, and a lower fully fenced and landscaped yard ideal for evening fires or summer dinners under the stars. Additional outdoor features include an oversized double detached garage with storage trusses above, giving you even more benefits.This home offers a functional floor plan with features that blend timeless style & modern convenience. Whether it’s the prime location close to the lake, schools & all amenities, the mature street setting, or the cozy, inviting interiors—this one is truly special. It’s the perfect blend of luxury, lifestyle, & investment potential—all in one of Calgary’s most prestigious lake communities. Don’t miss the chance to make it yours (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.08 Ft x 5.17 Ft | |
| Dining room | 10.00 Ft x 14.58 Ft | |
| Kitchen | 9.00 Ft x 14.42 Ft | |
| Living room | 13.00 Ft x 13.33 Ft | |
| Office | 5.08 Ft x 9.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 6.08 Ft x 8.25 Ft | |
| 4pc Bathroom | 8.50 Ft x 12.42 Ft | |
| Bedroom | 9.08 Ft x 9.67 Ft | |
| Bedroom | 9.17 Ft x 10.92 Ft | |
| Laundry room | 6.17 Ft x 6.42 Ft | |
| Primary Bedroom | 13.00 Ft x 17.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.75 Ft x 9.08 Ft | |
| Bedroom | 8.17 Ft x 14.17 Ft | |
| Bedroom | 9.25 Ft x 10.83 Ft | |
| Kitchen | 3.00 Ft x 13.25 Ft | |
| Living room/Dining room | 11.75 Ft x 17.75 Ft | |
| Storage | 4.50 Ft x 8.75 Ft | |
| Furnace | 5.50 Ft x 10.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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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
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Insurance estimate
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Commute
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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
-1.02%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,145
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 May 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.