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123 Magnolia Square SE
Beds
4
Baths
4 full + 1 half
Sqft
1,571
Year
2019
Type
Single Family
On market
29d
OPEN HOUSE SATURDAY, MAY 23, 12:00-2:00. Welcome to 123 Magnolia Square SE. This beautifully maintained, fully developed 4-bedroom, 3.5-bathroom home in Mahogany is ideally located just steps from the Royal Blue Park and a short walk to the main beach. Offering over 2,350 sq. ft. of developed living space, this home features a rare front porch elevation, allowing you to enjoy sun exposure at both the front and rear of the property. The main floor showcases luxury vinyl plank flooring and a beautifully upgraded kitchen complete with 42" upper cabinets, quartz countertops, a large central island, full-height subway tile backsplash, and stainless steel appliances, including a gas range, hood fan, and built-in microwave. A large window above the sink fills the space with natural light and offers the perfect vantage point to watch the kids play in the backyard while preparing meals. The dining area comfortably seats 8, making it ideal for both everyday living and entertaining. Upstairs, the spacious primary suite features a 5-piece ensuite with dual sinks, a soaker tub, and a separate shower. Two additional well-sized bedrooms, a 4-piece main bath, and a convenient upper-floor laundry room with ample storage and countertop space complete this level. The fully developed lower level offers a generous rec room currently set up as a theatre space, a fourth bedroom with a walk-in closet, a 4-piece bathroom, and two separate storage rooms. Additional highlights include central A/C, an 8’ foundation, paved back lane, BBQ gas line, rear double parking pad, and a fully landscaped and fenced yard. Located in Calgary’s premier four-season lake community, Mahogany offers an unmatched lifestyle with year-round access to the private lake, beaches, skating, paddleboarding, tennis courts, pathways, playgrounds, and community events. Residents also enjoy incredible amenities nearby, including schools, shopping, restaurants, cafés, fitness studios, grocery stores, and quick access to both Stoney Trail and Deerfoot Trail, making everyday living as convenient as it is enjoyable! Book your showing today! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 15.08 Ft x 17.83 Ft | |
| Bedroom | 11.17 Ft x 12.17 Ft | |
| 4pc Bathroom | 7.58 Ft x 4.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.33 Ft x 16.58 Ft | |
| Kitchen | 15.50 Ft x 13.42 Ft | |
| Dining room | 9.08 Ft x 14.75 Ft | |
| 2pc Bathroom | 5.08 Ft x 5.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.92 Ft x 13.42 Ft | |
| Bedroom | 9.42 Ft x 10.00 Ft | |
| Bedroom | 13.00 Ft x 8.67 Ft | |
| Laundry room | 6.50 Ft x 6.33 Ft | |
| 5pc Bathroom | 8.25 Ft x 8.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Other | 8.92 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
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,020
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 24, 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.