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115 Magnolia Drive SE
Beds
5
Baths
4
Sqft
1,742
Year
2024
Type
Single Family
On market
32d
*LEGAL 2 BEDROOM SUITED PROPERTY*. Make your First Visit through the 3D tour. Discover this exceptional modern home that perfectly blends contemporary style with incredible versatility between two separate living spaces. The main floor welcomes you with a soaring vaulted living area and a gourmet kitchen featuring sleek charcoal-coloured cabinetry, elegant gold hardware, a striking white honeycomb tile backsplash, with a spacious island with a breakfast bar. Large windows flood the open concept layout with natural light, highlighting the beautiful wide plank vinyl flooring that flows throughout the level. Finishing off the main level is a den, a 2-piece bathroom and an exterior exit to the back deck. Upstairs, the sanctuary continues with a bright hallway leading to a primary retreat complete with a spa-like ensuite featuring double sinks and a massive glass-enclosed shower. Two generously sized bedrooms, a laundry room and a second full bathroom completes the upstairs. The fully finished 2 bedroom LEGAL basement suite adds immense value as a self contained suite or flexible recreation space, boasting a modern white kitchenette with stainless steel appliances, two private bedrooms, laundry area and a full 4 pce bathroom with marble style tiling. Outside the stylish composite siding exterior is complemented by a sunny rear deck and a low-maintenance yard, creating a perfect space for outdoor entertaining. Enjoy the savings from your own SOLAR PANELS that save you up to 50% from your monthly electricity bills. Whether you are looking for a sophisticated family residence, a professional home office environment, or a multi-generational living arrangement, this move-in-ready property offers the quality and thoughtful design to accommodate every lifestyle. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.25 Ft x 21.58 Ft | |
| 4pc Bathroom | — | |
| Bedroom | 10.17 Ft x 12.33 Ft | |
| Bedroom | 11.50 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 18.50 Ft x 14.58 Ft | |
| Other | 14.75 Ft x 17.92 Ft | |
| 3pc Bathroom | — | |
| Den | 9.00 Ft x 12.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.92 Ft x 14.83 Ft | |
| 3pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 8.92 Ft x 14.83 Ft | |
| Bedroom | 10.00 Ft x 11.17 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
-0.95%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,420
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 13, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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